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Property profile & analytics
OFF-MARKET
Estimated value
$7,245,000
Apartment buildings
17420 Halsey St Portland, OR 97230-6046
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-1006156
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Total area
44,286 SF
Lot
3.15 ac (137,388 SF)
Zoning code
CMF
APN
1N3E30DC 01200
UPID
US71-1006156
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
-
Ranch Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.39M
Blend (final)
Blend
$7.25M
Owner & transaction history
17 And A Plex Oregon LLC
17 And A Plex Oregon LLC
since 2026
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
CMF · 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
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)
$11,775,000
Current use
Blend value · Realmo final
$7.25M
Range $6.52M – $7.97M · ±10% · vs last sale $6.10M (Jan 26 2026)
Last sale anchor
$6.10M
Jan 26 2026
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
$164 / 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
$53,663
Tax year 2023
Assessed value
$3,078,740
Assessed 2023
Previous assessed
$2,989,070
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$1,373,760
Improvement market value
$5,858,210
Total market value
$7,231,970
Applied tax rate
402.0000
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
1972
Heating
NONE
Buildings
2
Stories
2
Total area
44,286 SF
Lot
3.15 ac (137,388 SF)
Zoning code
CMF
APN
1N3E30DC 01200
UPID
US71-1006156
Jurisdiction
MULTNOMAH
Zoning & alternative use
CMF · Portland, OR
Zoning CMF · permitted uses
CMF · 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
$11.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1972
Heating
NONE
Stories
2
Buildings
2
Lot
3.15 ac
Current owner
From public records · entity-resolved
17 And A Plex Oregon LLC
Entity
Mailing address
7831 SE LK RD, PORTLAND, OR 97267-2193
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$6,100,000
17 And A Plex Oregon LLC
The Ranch Apartments LLC
Special Warranty Deed
$4,270,000 · Jpmorgan Chase Bank NA
May 28, 2025
—
Ohana Equities Or 2 LLC
Jonah Moses
Bargain & Sale Deed
—
Jan 27, 2020
—
Ranch Apartments LLC
—
Deed
related
$3,000,000 · Greystone Servicing Co LLC
Jun 20, 2018
—
Ranch Apartments LLC
—
Deed
related
$2,200,000 · Jpmorgan Chase Bk NA
Aug 1, 1988
—
Halsey Ranch Investors Ltd
Unknown
Grant Deed
related
—
—
—
Ranch Apartments LLC
—
Deed Of Trust
related
$1,550,000 · Washington Mutual Fsb
—
—
Ranch Apartments LLC
—
Deed Of Trust
related
$2,200,000 · Jpmorgan Chase Bk NA
—
—
Ranch Apartments LLC
—
Deed Of Trust
related
$3,000,000 · Greystone Servicing Co LLC
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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