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    Property profile & analytics

    2405 Vancouver Ave Portland, OR 97227-2058

    • Apartment buildings
    • 32,477 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $15,005,000
    Last Sale
    Sep 28, 2021
    $13,860,000
    Location Intelligence
    Property ID
    US71-0996681
    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.

    Current Use by Public Records

    • Brio Flats / Apartment Complex / Apartment Building

    Property Details for 2405 Vancouver Ave

    Year built
    2018
    Lot size
    0.22 lot acres
    Property size
    32,477 SF
    Zone code
    RHD
    Property type
    Apartment buildings
    APN
    1N1E27DB 01800
    APU
    1N1E27DB01800

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $15,685,000

    • CAP approach

      CAP return
      Estimation
      6%
      $13,800,000
      6.5%
      $13,040,000
      7%
      $14,075,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $15,320,000
      Geo Method
      $15,515,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,325,000
      Retail
      $12,205,000
      Mixed-Use
      $12,175,000
      Hospitality
      $15,045,000
      Educational
      $13,030,000
      Residential Income
      $14,280,000
      Energy
      $14,555,000
      Income-Based Land
      $13,750,000
      Food Service
      $13,795,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.668
    Latitude
    45.5402
    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
    $131,158
    $0.00
    $0.00
    $4,949,600
    -
    $1,210,560
    $13,265,350
    $14,475,910

    Comparable in this City

    • Value Estimation by Request
      90,998 SF

      3155 Williams Ave

      APARTMENT HOUSE (5+ UNITS) • 90,998 SF
      3155 Williams Ave, Portland, OR 97227-1548
      View Details
    • Value Estimation by Request
      7,892 SF

      3804 Haight Ave

      APARTMENT HOUSE (5+ UNITS) • 7,892 SF
      3804 Haight Ave, Portland, OR 97227-1340
      View Details
    • Value Estimation by Request
      5,668 SF

      2404 Flint Ave

      APARTMENT HOUSE (5+ UNITS) • 5,668 SF
      2404 Flint Ave, Portland, OR 97227-1900
      View Details
    • Value Estimation by Request
      19,130 SF

      2830 Williams Ave

      APARTMENT HOUSE (5+ UNITS) • 19,130 SF
      2830 Williams Ave, Portland, OR 97227-1633
      View Details
    • Value Estimation
      $1,670,000
      9,165 SF

      3724 Vancouver Ave

      APARTMENT HOUSE (5+ UNITS) • 9,165 SF
      3724 Vancouver Ave, Portland, OR 97227-2017
      View Details
    • Value Estimation by Request
      186,161 SF

      107 Cook St

      APARTMENT HOUSE (5+ UNITS) • 186,161 SF
      107 Cook St, Portland, OR 97227-2027
      View Details

    Similar Nearby for Sale

    • $395,000

      Block 24 Albina Condominium

      Condominium near N. Mississippi with designer finishes and open floorplan.
      825 N Failing St, Portland, OR 97227
      View Details
    • $1,900,000
      5,520 SF

      New Multifamily in North Portland

      Six-unit multifamily property with condo-grade finishes in North Portland.
      3591 N Michigan Ave, Portland, OR 97227
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    • $435,000
      930 SF

      Portland Urban Living Apartment

      Efficient homes near Mississippi's bars, restaurants, and live music.
      3528 N Borthwick Ave, Portland, OR 97227
      View Details
    • $2,595,000
      5,520 SF

      Michigan Ave Luxury 6-Plex

      Brand new, 6-unit apartment building in Portland.
      3591 Michigan Ave, Portland, OR 97227
      View Details
    • $6,000,000
      12,092 SF

      North Portland Apartment Complex

      30-unit apartment complex with retail space in Boise neighborhood.
      3755 N Williams Ave, Portland, OR 97227
      View Details
    • $2,224,000
      13,362 SF

      Mixed-Use Building with Income Potential

      Mixed-use property with commercial and residential units in Portland, OR.
      3039 N Williams Ave, Portland, OR 97227
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      8,907 SF

      Plug & Play Office Space

      Office space with furniture, terrace, and parking available for rent.
      4073 N Williams Ave, Portland, OR 97227
      View Details
    • $1.25 SF/Yr
      5,100 SF

      Industrial Space Available For Lease

      Industrial property with 5,100 square feet available for lease.
      1502-1522 N Interstate Ave, Portland, OR 97227
      View Details
    • $2,850 /Mo
      679 SF

      Restaurant/Bar Space in Mississippi Avenue

      Stand-alone restaurant/bar with updated interior and optional backyard seating.
      938 N Cook St, Portland, OR 97227
      View Details
    • $28 SF/Yr
      893 SF

      North Portland Retail Space Available

      Vintage retail space in the vibrant Williams District.
      3901 N Williams Ave, Portland, OR 97227
      View Details
    • Contact for pricing
      2,765 SF

      Retail Space with Fenced Yard

      Retail building with office and fenced yard, easy access.
      3924 N Mississippi Ave, Portland, OR 97227
      View Details
    • $30 SF/Yr
      945 SF

      Retail/Creative Space on Mississippi Ave

      Retail or creative space in the heart of Mississippi.
      3960-3968 N Mississippi Ave, Portland, OR 97227
      View Details
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    2405 Vancouver Ave
    Portland, OR 97227-2058
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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