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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Apartment buildings
2018 Everett St Portland, OR 97209-1043
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0097443
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
12,395 SF
Lot
0.07 ac (3,000 SF)
Zoning code
RHT
APN
1N1E33CA 14300
UPID
US71-0097443
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
-
Everett Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.80M
Owner & transaction history
Raleigh 29 LLC
Raleigh 29 LLC
since 2026
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
RHT · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.2M
+28.8%
Commercial (general)
$4.1M
+25.1%
Auto repair, garage
$3.8M
+14.8%
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)
$3,295,000
Current use
RESTAURANT
$4,245,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,125,000
Change: +25% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,785,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$3,745,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$3,720,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$3,580,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.10M (Jan 26 2026)
Last sale anchor
$2.10M
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
$226 / 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
$33,999
Tax year 2023
Assessed value
$1,284,250
Assessed 2023
Previous assessed
$1,246,850
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$617,500
Improvement market value
$2,752,920
Total market value
$3,370,420
Applied tax rate
1.0000
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
1910
Heating
HOT WATER
Stories
5
Bathrooms
18
Total area
12,395 SF
Lot
0.07 ac (3,000 SF)
Zoning code
RHT
APN
1N1E33CA 14300
UPID
US71-0097443
Jurisdiction
MULTNOMAH
Zoning & alternative use
RHT · Portland, OR
Zoning RHT · permitted uses
RHT · 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
$3.3M
RESTAURANT
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.7M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1910
Heating
HOT WATER
Stories
5
Bathrooms
18
Lot
0.07 ac
Current owner
From public records · entity-resolved
Raleigh 29 LLC
Entity
Mailing address
31060 SW BOONES BND RD, WILSONVILLE, OR 97070-6412
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
$2,100,000
Raleigh 29 LLC
The Everett LLC
Warranty Deed
$1,575,000 · Onpoint Community Cu
Oct 13, 2020
—
Everett LLC
—
Deed
related
$560,000 · Washington Fed'l Bk
Jun 30, 1997
$1,150,000
Hamhill Corp
Wolfe Trust
Grant Deed
$474,518 · Seller
—
—
Everett LLC
—
Deed Of Trust
related
$666,000 · Washington Federal Savings
—
—
Everett LLC
—
Deed Of Trust
related
$560,000 · Washington Fed'l Bk
—
—
Hamhill Corp
—
Deed Of Trust
related
$500,000 · Washington Mutual Fsb
—
—
Steven F Wolfe
—
Deed Of Trust
related
$210,000 · Civicbank Of Comm
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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