New search
Property profile & analytics
OFF-MARKET
Estimated value
$23,480,000
Apartment buildings
1645 20th St, Gresham, OR 97030-4127
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-0149519
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Construction
FRAME
Total area
74,882 SF
Lot
4.93 ac (214,751 SF)
Zoning code
MDR24
APN
1S3E03A 02100
UPID
US71-0149519
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
$23.48M
Blend (final)
Blend
$23.48M
Owner & transaction history
Ka-4 Associates LLC · 7 yrs held
Ka-4 Associates LLC
since 2018
5 recorded transactions
Zoning & alternative use
MDR24 · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.8M
+35.9%
Medical building
$22.6M
+14.8%
Auto repair, garage
$22.2M
+12.6%
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 Gresham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gresham 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$19,710,000
Current use
RESTAURANT
$26,785,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$22,625,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,195,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$19,260,000
Change: -2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$18,530,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$23.48M
Range $21.13M – $25.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$314 / SF
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
$163,723
Tax year 2023
Assessed value
$8,695,860
Assessed 2023
Previous assessed
$8,442,590
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,503,260
Improvement market value
$17,358,390
Total market value
$18,861,650
Applied tax rate
26.0000
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
Year built
1992
Construction
FRAME
Heating
NONE
Stories
1
Units
100
Bathrooms
1
Total area
74,882 SF
Lot
4.93 ac (214,751 SF)
Zoning code
MDR24
APN
1S3E03A 02100
UPID
US71-0149519
Jurisdiction
MULTNOMAH
Zoning & alternative use
MDR24 · Gresham, OR
Zoning MDR24 · permitted uses
MDR24 · Gresham, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gresham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$19.7M
RESTAURANT
Est. value
$26.8M
MEDICAL BUILDING
Est. value
$22.6M
AUTO REPAIR, GARAGE
Est. value
$22.2M
OFFICE BUILDING
Est. value
$19.3M
COMMERCIAL (GENERAL)
Est. value
$18.5M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
FRAME
Heating
NONE
Stories
1
Units
100
Bathrooms
1
Lot
4.93 ac
Current owner
From public records · entity-resolved
Ka-4 Associates LLC
Entity
Mailing address
5335 MDWS RD STE #190, LAKE OSWEGO, OR 97035-3152
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
$17,500,000
Ka-4 Associates LLC
Hogan Woods Apartments LLC
Warranty Deed
$10,516,000 · Cbre Multifamily Cap
May 2, 2016
$10,819,750
Hogan Woods Apartments LLC
Hogan Woods LLC
Warranty Deed
$7,215,000 · Jpmorgan Chase Bank NA
Jan 7, 1999
—
Hogan Woods LLC
Mcnutt,ronald E
Grant Deed
related
—
Sep 29, 1993
$4,280,000
Ronald E Mcnutt
Dant Development
Grant Deed
$2,330,000 · Usg Annuity & Life C
—
—
Hogan Woods LLC
—
Deed Of Trust
related
$3,000,000 · Minnesota Life Insurance Co
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 1645 20th 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.
