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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Apartment buildings
2306 158th Ave Portland, OR 97233-3718
Entity Owned
7-yr Hold
Property ID
US71-1754672
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
19,544 SF
Lot
0.63 ac (27,441 SF)
Zoning code
CG
APN
1S2E01DD 08400
UPID
US71-1754672
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
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$5.21M
Owner & transaction history
Housing4all LLC · 7 yrs held
Housing4all LLC
since 2019
7 recorded transactions
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.7M
+74.0%
Auto repair, garage
$6.0M
+55.2%
Medical building
$5.9M
+53.5%
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)
$3,845,000
Current use
RESTAURANT
$6,695,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,970,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$5,905,000
Change: +53% · Conversion: Moderate
OFFICE BUILDING
$5,650,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,115,000
Change: +33% · Conversion: Moderate
RETAIL STORES
$4,730,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$5.21M
Range $4.69M – $5.73M · ±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
$267 / 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
$58,382
Tax year 2023
Assessed value
$2,591,360
Assessed 2023
Previous assessed
$2,515,890
+3.0% YoY
Effective rate
2.25%
On assessed value
Land market value
$274,410
Improvement market value
$6,855,460
Total market value
$7,129,870
Applied tax rate
175.0000
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
2020
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
1
Total area
19,544 SF
Lot
0.63 ac (27,441 SF)
Zoning code
CG
APN
1S2E01DD 08400
UPID
US71-1754672
Jurisdiction
MULTNOMAH
Zoning & alternative use
CG · Portland, OR
Zoning CG · permitted uses
CG · 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
$3.8M
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.7M
COMMERCIAL (GENERAL)
Est. value
$5.1M
RETAIL STORES
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2020
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Housing4all LLC
Entity
Mailing address
PO BOX 230579, PORTLAND, OR 97281-0579
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
—
Housing4all LLC
—
Deed
related
$245,000 · Iq Cu
Mar 4, 2020
—
Housing4all LLC
—
Deed
related
$5,350,000 · Iq Cu
Mar 14, 2019
—
Housing4all LLC
Jivanjee Saj
Grant Deed
$4,800,000 · Iq Cu
Oct 27, 2016
—
Saj Jivanjee
Jivanjee,saj
Quit Claim Deed
related
—
May 31, 2016
$325,000
Jivanjee Saj
Harley Ray Leesi
Warranty Deed
$268,125 · Clackamas County Bank
Oct 14, 2011
$192,000
Harley R Leesi
Cettel Richard W SR Trust
Warranty Deed
$192,000 · Sterling Savings Bank
Nov 16, 2007
—
Cettel Richard W SR Trust
Cettel,richard W
Quit Claim Deed
related
—
—
—
Harley R Leesi
—
Loan Modification
related
$223,398 · Ocwen Ln Servicing
—
—
Leesi,harley R
—
Deed Of Trust
related
$201,676 · Mortgage Invtrs
—
—
Housing4all LLC
—
Loan Modification
related
$5,350,000 · Iq Cu
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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