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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Apartment buildings
17440 Burnside St, Portland, OR 97233-4554
Entity Owned
~
Est. High Equity
Property ID
US71-0934677
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1992
Total area
21,504 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SC
APN
1N3E31DC 08000
UPID
US71-0934677
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
-
Burnside Firs Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.70M
Blend (final)
Blend
$4.00M
Owner & transaction history
Burnside Firs Gresham LLC
Burnside Firs Gresham LLC
since 2026
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
SC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.6M
+55.2%
Medical building
$6.5M
+53.5%
Office building
$6.2M
+46.9%
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)
$4,230,000
Current use
AUTO REPAIR, GARAGE
$6,565,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$6,495,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$6,215,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,625,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$5,205,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $3.30M (Feb 17 2026)
Last sale anchor
$3.30M
Feb 17 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
$186 / 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
$33,384
Tax year 2023
Assessed value
$1,915,280
Assessed 2023
Previous assessed
$1,859,500
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$300,560
Improvement market value
$2,829,860
Total market value
$3,130,420
Applied tax rate
901.0000
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
Off-Market
Year built
1992
Heating
NONE
Stories
2
Units
24
Total area
21,504 SF
Lot
0.69 ac (30,056 SF)
Zoning code
SC
APN
1N3E31DC 08000
UPID
US71-0934677
Jurisdiction
MULTNOMAH
Zoning & alternative use
SC · Portland, OR
Zoning SC · permitted uses
SC · 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
$4.2M
AUTO REPAIR, GARAGE
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
Heating
NONE
Stories
2
Units
24
Lot
0.69 ac
Current owner
From public records · entity-resolved
Burnside Firs Gresham LLC
Entity
Mailing address
13489 NW TREVINO ST, PORTLAND, OR 97229-4578
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
Feb 17, 2026
$3,300,000
Burnside Firs Gresham LLC
Burnside Firs LLC
Warranty Deed
—
Sep 24, 2024
—
Burnside Firs LLC
—
Deed
related
$1,750,000 · Unitus Community Cu
May 13, 2019
—
Burnside Firs LLC
—
Grant Deed
related
$1,150,000 · Umpqua Bk
Oct 17, 2014
$1,635,000
Burnside Firs LLC
Schuyler,daniel M & Silvia T
Grant Deed
—
Aug 14, 2006
$1,400,000
Daniel M Schuyler
Burnside Firs LLC
Warranty Deed
$650,000 · Citibank Fsb
Aug 9, 1996
$1,300,000
Gary D Field
Visionary Homes INC
Grant Deed
$950,000 · Southern Pacific Thrift & Loan
—
—
Daniel M Schuyler
—
Deed Of Trust
related
$1,200,000 · J P Morgan Chase Bank
—
—
Daniel M Schuyler
—
Deed Of Trust
related
—
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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