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Property profile & analytics
OFF-MARKET Estimated value $9,780,000
Apartment buildings

1999 Division St Gresham, OR 97030-5830

48,424 SF 2.12 ac lot Built 1969
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US71-0029248
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1969
Total area 48,424 SF
Lot 2.12 ac (92,347 SF)
Zoning code CMU
APN 1S3E02C 00400
UPID US71-0029248
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$9.57M
Comparable Approach Comparable
$8.92M
Blend (final) Blend
$9.78M
Owner & transaction history
Ironwood Apts LLC · 1 yrs held
Ironwood Apts LLC
since 2025
Last sale
$6.5M
6 recorded transactions
2025
$6.5M
2020
Price N/A
2020
$7.6M
2004
Price N/A
2002
$2.5M
1969
Price N/A
Zoning & alternative use
CMU · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

4.0413 Corridor Mixed-Use (CMU) ................................................................................................ 4.0400-3 4.0414 Community Commercial (CC) ............................................................................................ 4.0400-3 4.0415 Moderate Commercial (MC) .......................................................…

Zone name Corridor Mixed Use
General category MIXED_USE
Zone area 173.37 ac
Top alternative use upside
Medical building $14.6M +14.8%
Auto repair, garage $14.4M +12.6%
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