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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Apartment buildings
2801 Ainsworth St Portland, OR 97217-5066
Entity Owned
6-yr Hold
Free & Clear
Property ID
US71-1714229
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
5,248 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CN1
APN
1N1E16CA 14500
UPID
US71-1714229
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
$1.77M
Blend (final)
Blend
$1.77M
Owner & transaction history
Ainsworth 10-plex LLC · 6 yrs held
Ainsworth 10-plex LLC
since 2020
7 recorded transactions
Zoning & alternative use
CN1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+43.2%
Restaurant
$1.8M
+20.4%
Auto repair, garage
$1.6M
+7.4%
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)
$1,490,000
Current use
COMMERCIAL (GENERAL)
$2,135,000
Change: +43% · Conversion: Moderate
RESTAURANT
$1,795,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,600,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$1,585,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$1,575,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$1,515,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±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
$336 / 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
$15,599
Tax year 2023
Assessed value
$588,660
Assessed 2023
Previous assessed
$571,520
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$900,000
Improvement market value
$773,320
Total market value
$1,673,320
Applied tax rate
710.0000
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
1980
Heating
BASEBOARD
Buildings
2
Stories
2
Bathrooms
10
Total area
5,248 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CN1
APN
1N1E16CA 14500
UPID
US71-1714229
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN1 · Portland, OR
Zoning CN1 · permitted uses
CN1 · 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
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1980
Heating
BASEBOARD
Stories
2
Buildings
2
Bathrooms
10
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ainsworth 10-plex LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1724 NE BROADWAY ST #1708, PORTLAND, OR 97232-1428
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2020
—
Ainsworth 10-plex LLC
Michael G Moreland
Grant Deed
—
Aug 27, 2019
—
Michael G Moreland
Michael Moreland
Intrafamily Transfer
related
$1,060,000 · Jpmorgan Chase Bank NA
Jul 19, 2013
—
Michael Moreland
Demichielle-morela,jennifer
Quit Claim Deed
related
—
Dec 19, 2012
—
Michael Moreland
Jennifer Demichielle Moreland
Intrafamily Transfer
related
$975,000 · Washington Federal
Nov 7, 2008
$800,000
Jennifer Demichielli-morela
Rosedale Investors LLC
Warranty Deed
$550,000 · Washington Federal Savings
Jul 31, 2008
—
Rosedale Investors LLC
F Fee Stubblefield JR & Robin Busch
Bargain And Sale Deed
$235,000 · Capital Pacific Bank
Mar 1, 1999
—
Apartment Acquisitions LLC
Stubblefield,f F
Grant Deed
$300,000 · American Pacific Bank
Oct 4, 1995
$260,000
F F Stubblefield
Lockwood,michael P & Tanya
Grant Deed
$200,000 · Seller
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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