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Property profile & analytics
FOR SALE
Apartment buildings
14455 E Burnside St, Portland, OR 97233
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0496547
For Sale
1 / 6
$3,290,000
14455 E Burnside St, Portland, OR 97233
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Total area
884 SF
Lot
0.79 ac (34,599 SF)
Zoning code
RHDH
APN
1N2E36CB 03300
UPID
US71-0496547
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
Current use
Occupant on record · Public records
-
Glenfair Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Glen Fair LLC · 1 yrs held
Glen Fair LLC
since 2024
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
RHDH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,212
Tax year 2023
Assessed value
$2,041,660
Assessed 2023
Previous assessed
$1,982,200
+3.0% YoY
Effective rate
2.26%
On assessed value
Land market value
$864,980
Improvement market value
$3,037,120
Total market value
$3,902,100
Applied tax rate
406.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1956
Heating
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
884 SF
Lot
0.79 ac (34,599 SF)
Zoning code
RHDH
APN
1N2E36CB 03300
UPID
US71-0496547
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHDH · Portland, OR
Zoning RHDH · permitted uses
RHDH · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
1
Buildings
2
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Glen Fair LLC
Entity
Mailing address
20515 SE FOSTER RD, DAMASCUS, OR 97089-7602
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
$3,000,000
Glen Fair LLC
Kenneth R Rask
Warranty Deed
$2,325,000 · Regions Bank
Sep 21, 2011
—
Rask Family Trust
Rask,mary K
Quit Claim Deed
related
—
Aug 11, 2011
—
Mary K Rask
—
Deed Of Trust
related
$1,001,000 · Union Bank
Feb 17, 1995
$1,232,000
Keen Trust
Jossi,steven M
Grant Deed
$875,000 · Clackamas County Bank
Nov 30, 1993
—
Steven M Jossi
—
Grant Deed
related
$400,000 · Liberty Federal Bank
—
—
Mary K Rask
—
Deed Of Trust
related
$800,000 · Washington Federal Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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