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    237 18th Ave, Unit 303 Hillsboro, OR 97123-4597
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    Property profile & analytics

    237 18th Ave, Unit 303, Hillsboro, OR 97123-4597

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    • Apartment buildings
    • 170,900 SF
    • 6.33 lot acres
    Off-Market
    Last Sale Sep 8, 2021
    $28,600,000
    Property ID
    US71-0668516
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $32,925,000
    Show details
    Cap Rate Potential
    7.2%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 237 18th Ave

    Year built
    1920
    Lot size
    6.33 lot acres
    Zone code
    SCR-HD
    Property type
    Apartment buildings
    APN
    1N232CC-03700
    APU
    1N232CC03700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 8, 2021 $28,600,000 Gateway Commons Apartments LP Gateway Commons Apartments LP Special Warranty Deed $16.2M · Merchants Bank Of Indiana
    — — Terry L Eros — Deed Of Trust · related $187k · Countrywide Home Loans INC

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $30,380,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $36,575,000
      6.5%
      $33,760,000
      7%
      $31,350,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $38,100,000
      Market price range: $30.4M - $77.2M
      AI Estimate
      $38,100,000
      Market price range: $30.4M - $77.2M
    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $38,100,000
      Current use
      MEDICAL BUILDING
      $54,490,000
      Change: +43% Conversion: Moderate
      RESTAURANT
      $51,735,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $43,665,000
      Change: +15% Conversion: Moderate
      RETAIL STORES
      $40,795,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $30,545,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.965
    Latitude
    45.5205
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $2,961,000
    $25,446,710
    $28,407,710
    More about this property
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