Back to Search
Property profile & analytics
OFF-MARKET
Apartment buildings
1548 Walnut St Hillsboro, OR 97123-4865
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-1871768
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.42 ac (18,295 SF)
Zoning code
SCR-MD
APN
1S205BB-05001
UPID
US71-1871768
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Meriweather Wg Apartments LLC · 5 yrs held
Meriweather Wg Apartments LLC
since 2020
6 recorded transactions
Zoning & alternative use
SCR-MD · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station
Zone name
Station Community Residential Medium Density
General category
RESIDENTIAL
Zone area
379.88 ac
Source
Realmo
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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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
$18,245
Tax year 2023
Assessed value
$1,082,950
Assessed 2023
Previous assessed
$1,051,410
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$400,000
Improvement market value
$2,466,570
Total market value
$2,866,570
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Off-Market
Heating
NONE
Lot
0.42 ac (18,295 SF)
Zoning code
SCR-MD
APN
1S205BB-05001
UPID
US71-1871768
Jurisdiction
WASHINGTON
Zoning & alternative use
SCR-MD · Hillsboro, ORZoning SCR-MD · permitted uses
SCR-MD · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station
Zone name
Station Community Residential Medium Density
General category
RESIDENTIAL
Zone area
379.88 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.42 ac
Current owner
From public records · entity-resolved
Meriweather Wg Apartments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 720, NEOTSU, OR 97364-0720
Ownership since
2020
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
Dec 31, 2020
—
Meriweather Wg Apartments LLC
J & B Apartments LLC
Warranty Deed
related
—
Oct 31, 2019
—
J & B Apartmenrts LLC
L & G Apartments LLC
Bargain And Sale Deed
—
Oct 28, 2009
—
J & B Apartments LLC
Meriweather Apts Walnut LLC
Grant Deed
$1,398,000 · Greystone Servicing Corp
Jan 9, 2006
$1,798,000
Meriweather Apts Walnut LLC
Meriweather Apartments LLC
Warranty Deed
related
$1,187,066 · J P Morgan Com'l Mtg Fin Corp
Mar 31, 1994
$1,133,000
Ralph R Martin
Argyle Meriweath
Grant Deed
$784,000 · First Security Bank Oregon
Oct 5, 1990
$814,000
Argyle Meriweather INC
Unknown
Grant Deed
—
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?”
You own 1548 Walnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
