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Property profile & analytics
OFF-MARKET
Estimated value
$6,360,000
Apartment buildings
19550 Burnside St Portland, OR 97233-5831
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0802514
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
FRAME
Total area
36,165 SF
Lot
1.86 ac (81,022 SF)
Zoning code
SC
APN
1S3E05AB 03200
UPID
US71-0802514
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
-
Arbor Place Townhomes Apartment Complex
-
A & S Concrete Construction LLC Construction Company General Contractor
-
Arbor Place Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$6.36M
Owner & transaction history
Whispering Pine Associates LLC · 2 yrs held
Whispering Pine Associates LLC
since 2024
7 recorded transactions
Zoning & alternative use
SC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.5M
+46.9%
Commercial (general)
$9.5M
+33.0%
Retail stores
$8.8M
+23.0%
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)
$7,115,000
Current use
OFFICE BUILDING
$10,450,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,465,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$8,755,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±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
$176 / 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
$45,174
Tax year 2023
Assessed value
$2,591,740
Assessed 2023
Previous assessed
$2,516,260
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$810,000
Improvement market value
$5,639,950
Total market value
$6,449,950
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
1974
Construction
FRAME
Heating
NONE
Stories
2
Units
45
Total area
36,165 SF
Lot
1.86 ac (81,022 SF)
Zoning code
SC
APN
1S3E05AB 03200
UPID
US71-0802514
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
$7.1M
OFFICE BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$9.5M
RETAIL STORES
Est. value
$8.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1974
Construction
FRAME
Heating
NONE
Stories
2
Units
45
Lot
1.86 ac
Current owner
From public records · entity-resolved
Whispering Pine Associates LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Whispering Pine Associates LLC
Frederick J Hoene
Bargain And Sale Deed
—
Feb 28, 2023
—
Frederick J Hoene
Jerry A Mason
Intrafamily Transfer
related
—
Dec 16, 2022
—
Jerry A Mason
Whispering Pines Associates LLC
Bargain And Sale Deed
—
Nov 14, 2017
—
Whispering Pines Associates LLC
—
Deed
related
$4,020,000 · Homestreet Bank
Dec 27, 2013
—
Whispering Pines Assocs LLC
Hoene,frederick J & Ann M
Grant Deed
$2,183,000 · Sterling Savings Bank
Dec 27, 2013
$318,431
Frederick J Hoene
Whispering Pines Assocs LLC
Grant Deed
related
—
Mar 4, 2005
$318,431
Frederick J Hoene
Whispering Pines LLC
Grant Deed
—
Jan 24, 2001
—
Whispering Pines Associates Ll
Whispering Pines Associates Ll
Quit Claim Deed
related
—
Jan 5, 1996
—
Whispering Pines Associates
Hallberg,raymond & Alice
Trustees Deed
$1,070,000 · Washington Mutual Fsb
—
—
Whispering Pines Assoc LLC
—
Deed Of Trust
related
$1,000,000 · Washington Mutual Fsb
—
—
Whispering Pines Assocs LLC
—
Deed Of Trust
related
$985,000 · Hallberg Ray C Trust (tr) 006329
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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