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Property profile & analytics
OFF-MARKET
Estimated value
$3,590,000
Apartment buildings
1650 Harold St, Portland, OR 97202-4955
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0277359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
10,336 SF
Lot
0.14 ac (6,250 SF)
Zoning code
RHD
APN
1S1E14DB 16400
UPID
US71-0277359
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
-
Moreland Apartments Apartment Building
-
The Moreland Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.59M
Blend (final)
Blend
$3.59M
Owner & transaction history
Douglas D Lindahl · 9 yrs held
Douglas D Lindahl
since 2016
7 recorded transactions
Zoning & alternative use
RHD · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+18.9%
Retail stores
$3.5M
+15.9%
Auto repair, garage
$3.2M
+6.0%
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
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)
$2,980,000
Current use
RESTAURANT
$3,540,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$3,450,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,155,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$3,120,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,005,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$2,985,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$3.59M
Range $3.23M – $3.95M · ±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
$347 / 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
$34,224
Tax year 2023
Assessed value
$1,291,530
Assessed 2023
Previous assessed
$1,253,920
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$562,400
Improvement market value
$2,694,520
Total market value
$3,256,920
Applied tax rate
201.0000
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
2015
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
10,336 SF
Lot
0.14 ac (6,250 SF)
Zoning code
RHD
APN
1S1E14DB 16400
UPID
US71-0277359
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHD · Portland, OR
Zoning RHD · permitted uses
RHD · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2015
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Douglas D Lindahl
Individual
Mailing address
22375 S FRST PARK RD, BEAVERCREEK, OR 97004-8718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2016
$3,500,000
Douglas D Lindahl
Se Harold LLC
Warranty Deed
$409,000 · First Republic Bank
Jul 29, 2015
—
Seharold LLC
—
Deed Of Trust
related
$1,800,000 · Ac Harold LLC
Jun 26, 2015
—
Seharold LLC
Wilde Property INC
Grant Deed
—
Apr 4, 2014
$230,000
Wilde Properties INC
Kleffner,killian M
Warranty Deed
—
May 15, 2009
—
Killian M Kleffner
Kleffner,william B
Quit Claim Deed
related
—
Jul 17, 2003
—
William B Kleffner
Kleffner,robin B
Quit Claim Deed
related
$110,000 · Merchant National Bank
—
—
R Kleffner
—
Deed Of Trust
related
$5,000 · Edward P Bernardi
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.
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