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Property profile & analytics
OFF-MARKET
Estimated value
$36,955,000
Apartment buildings
2350 257th Ave, Troutdale, OR 97060-1775
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0080326
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1994
Total area
169,778 SF
Lot
7.32 ac (318,859 SF)
Zoning code
A2
APN
1N3E35DA 02800
UPID
US71-0080326
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
$40.91M
Blend (final)
Blend
$36.96M
Owner & transaction history
Amfp Vi Mountain Meadows LLC · 1 yrs held
Amfp Vi Mountain Meadows LLC
since 2024
Last sale
$33.0M
7 recorded transactions
Zoning & alternative use
A2 · Troutdale, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$60.7M
+35.9%
Medical building
$51.3M
+14.8%
Auto repair, garage
$50.3M
+12.6%
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 Troutdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troutdale 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)
$44,690,000
Current use
RESTAURANT
$60,725,000
Change: +36% · Conversion: Difficult
MEDICAL BUILDING
$51,290,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$50,315,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$50,200,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$48,140,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$43,665,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$36.96M
Range $33.26M – $40.65M · ±10% · vs last sale $33.00M (Aug 22 2024)
Last sale anchor
$33.00M
Aug 22 2024
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
$218 / 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
$268,631
Tax year 2023
Assessed value
$15,153,030
Assessed 2023
Previous assessed
$14,711,680
+3.0% YoY
Effective rate
1.77%
On assessed value
Land market value
$2,232,010
Improvement market value
$26,875,490
Total market value
$29,107,500
Applied tax rate
242.0000
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
1994
Heating
NONE
Buildings
2
Stories
1
Total area
169,778 SF
Lot
7.32 ac (318,859 SF)
Zoning code
A2
APN
1N3E35DA 02800
UPID
US71-0080326
Jurisdiction
MULTNOMAH
Zoning & alternative use
A2 · Troutdale, OR
Zoning A2 · permitted uses
A2 · Troutdale, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troutdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$44.7M
RESTAURANT
Est. value
$60.7M
MEDICAL BUILDING
Est. value
$51.3M
AUTO REPAIR, GARAGE
Est. value
$50.3M
RETAIL STORES
Est. value
$50.2M
COMMERCIAL (GENERAL)
Est. value
$48.1M
OFFICE BUILDING
Est. value
$43.7M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Buildings
2
Lot
7.32 ac
Current owner
From public records · entity-resolved
Amfp Vi Mountain Meadows LLC
Entity
Mailing address
2555 HUNTINGTON DR STE C, SAN MARINO, CA 91108-2201
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$33,000,000
Amfp Vi Mountain Meadows LLC
Mountain Meadows Community INC
Special Warranty Deed
$21,564,000 · Cbre Multifamily Capital INC
Dec 31, 2018
—
Mountain Meadows Community INC
—
Deed
related
$17,500,000 · Prudential Multifamily Mtg
Jun 8, 2007
—
Mountain Meadows Community INC
2108 Fairpark Villa INC
Grant Deed
related
—
Nov 15, 2005
$12,000,000
2108 Fairpark Villa INC
Kravitz,alan M
Warranty Deed
$8,156,299 · State Farm Life Insurance Co
Nov 15, 2005
—
Alan M Kravitz
—
Trustees Deed
related
$200,000 · Harvey Scott
Apr 11, 2005
—
Alan M Kravitz
Troutdale Of Sunrise Pointe Ptrs
Grant Deed
related
—
Mar 28, 2005
—
Troutdale Of Sunrise Pointe Ptrs
—
Trustees Deed
related
$250,000 · Pacific Continental Bank
—
—
Mountain Meadows Community INC
—
Deed Of Trust
related
$9,575,000 · Pnc Bank
—
—
Mountain Meadows Community INC
—
Deed Of Trust
related
$17,500,000 · Prudential Multifamily Mtg
—
—
Troutdale/sunrise Pointe Partn
—
Deed Of Trust
related
$8,450,000 · State Farm Life Insurance Co
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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