1925 19th Ave Portland, OR 97212-4543
Property Lookup
Property profile & analytics
1925 19th Ave Portland, OR 97212-4543
- Apartment buildings
- 17,091 SF
- 0.43 lot acres
Property ID
US71-0100882
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Park Irving Apartments / Apartment Building
- Altaer Space / Art Gallery
Property Details for 1925 19th Ave
- Year built
- 1964
- Lot size
- 0.43 lot acres
- Property size
- 17,091 SF
- Zone code
- R1A
- Property type
- Apartment buildings
- APN
- 1N1E26DC 06700
- APU
- 1N1E26DC06700
Description
This exceptional investment opportunity presents a 17-unit mixed-use apartment complex nestled in Portland's desirable Irvington neighborhood. The property, built in 1964, boasts mid-century modern architecture and meticulously maintained landscaped grounds. The unit mix includes one one-bedroom, fourteen two-bedroom, and two three-bedroom apartments, providing a diverse and in-demand housing option. Eleven on-site garages are available for rent, along with laundry facilities and additional storage, enhancing resident convenience and generating supplemental income. Recent capital improvements include new decks and railings (2021) and new gutters (2024), demonstrating a commitment to property upkeep. The spacious units feature functional floor plans and modern conveniences. Historically, Irvington offers limited investment opportunities, making this a rare find. The property's strong occupancy rate and potential for rent increases, coupled with opportunities to enhance fee income through parking, storage, and utility bill backs, present a compelling value-add proposition for investors seeking a stable and appreciating asset in a highly sought-after Portland location. The property's location offers convenient access to local shops, cafes, and restaurants, while maintaining a quiet, residential atmosphere. This is a truly unique offering in a well-established neighborhood. The asking price is $3,500,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,766,000
- AI Estimate
- $4,766,000
Market price range: $2.72M - $6.75MMarket price range: $2.72M - $6.75M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $4,545,000 Current use
- RESTAURANT
- $5,855,000 Change: +29% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,220,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $5,160,000 Change: +14% Conversion: Moderate
- RETAIL STORES
- $5,130,000 Change: +13% Conversion: Difficult
- OFFICE BUILDING
- $4,940,000 Change: +9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $4,920,000 Change: +8% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.647
- Latitude
- 45.5367
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$46,326
$0.00
$0.00
$1,748,220
-
$1,817,350
$3,442,720
$5,260,070
