Technical
Financial
Distress signals
Property profile

221 12th Ave Hillsboro, OR 97123

OFF-MARKET
Apartment buildings
Property ID
US71-1726286
3,097 SF 0.31 ac lot
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Total area 3,097 SF
Lot 0.31 ac (13,504 SF)
Zoning code SCR-HD
APN 1N231DD-06300
UPID US71-1726286

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

221 12th Ave Hillsboro, OR 97123-4257
Hillsboro metro Census 32409 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$554k
Blend (final) Blend
$555k

Owner & transaction history

since 2017
6 recorded transactions
2021
Price N/A
2017
$2.6M
2016
$2.0M
2008
$1.5M
1990
$785,000
1969
Price N/A

Zoning & alternative use

SCR-HD · Hillsboro, OR
Zoning description

The SCR-HD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for higher density residential development generally within 1300 feet of a light rail station

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $790,000 +14.6%
Retail stores $740,000 +7.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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