2486 Westover Rd Portland, OR 97210-3137
Property Lookup
Property profile & analytics
2486 Westover Rd Portland, OR 97210-3137
- Apartment buildings
- 18,855 SF
- 0.13 lot acres
Property ID
US71-0642573
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.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2486 Westover Rd
- Year built
- 1927
- Construction
- CONCRETE
- Lot size
- 0.13 lot acres
- Property size
- 18,855 SF
- Zone code
- R1
- Property type
- Apartment buildings
- APN
- 1N1E33BC 17000
- APU
- 1N1E33BC17000
Description
This exceptional 17-unit apartment building presents a compelling investment opportunity in Portland, Oregon's desirable Alphabet District. Built in 1927, this five-story structure boasts 18,855 square feet, with 11,444 square feet of net rentable space. The property features a mix of studio and one-bedroom apartments, each averaging $673 in monthly rent, generating a substantial net operating income (NOI) of $143,200 and a 5.26% cap rate. The asking price is $2,725,000, translating to $160,294 per unit and $238 per square foot. Situated on a 0.11-acre lot, the land value is assessed at $130.77 per acre. Five garages are included on the property. Its prime location places it just two blocks from the vibrant NW 23rd Avenue shopping and dining corridor, offering residents easy access to a wide array of restaurants, shops, and boutiques. Furthermore, the property enjoys proximity to Forest Park and Washington Park, including the renowned International Rose Test Garden and Portland Japanese Garden. This well-maintained building represents a rare opportunity to acquire a stable, income-producing asset in a highly sought-after Portland neighborhood. The spacious units and convenient location contribute to strong tenant demand and consistent occupancy. This is an ideal investment for those seeking a proven performer in a thriving urban market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,604,000
- AI Estimate
- $4,604,000
Market price range: $4.60M - $7.73MMarket price range: $4.60M - $7.73M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $5,695,000
- RETAIL STORES
- $5,660,000
- OFFICE BUILDING
- $5,450,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.702
- Latitude
- 45.5281
- 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
$39,335
$0.00
$0.00
$1,485,830
-
$890,000
$2,976,140
$3,866,140
