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Property profile & analytics
OFF-MARKET Estimated value $3,675,000
Apartment buildings

1411 Roberts Dr 1429 Gresham, OR 97080-1077

10,590 SF 1.5 ac lot Built 2005
Entity Owned 8-yr Hold
Property ID
US71-0612650
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2005
Total area 10,590 SF
Lot 1.5 ac (65,340 SF)
Zoning code MDR-24
APN 1S3E15AA 09700
UPID US71-0612650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.15M
Blend (final) Blend
$3.68M
Owner & transaction history
Roberts Court Townhomes LLC · 8 yrs held
Roberts Court Townhomes LLC
since 2017
7 recorded transactions
2017
$3.6M
2006
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MDR-24 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

A. Building Height requirements for MDR-24 District. Building height shall not exceed three stories and shall not exceed 40 feet unless equipped with built-in fire protection systems. When fire sprinklers, alarms, and, when required by the Building Code, enclosed, pressurized exit stairwell systems are provided, the building height can be increased to 45 fee…

Zone name Moderate Density Residential 24
General category RESIDENTIAL
Zone area 231.31 ac
Top alternative use upside
Restaurant $3.8M +35.9%
Medical building $3.2M +14.8%
Auto repair, garage $3.1M +12.6%
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