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Property profile

2823 SW 1St Ave Portland, OR 97201

FOR SALE
Investment properties
Property ID
US71-0652460
4,840 SF 0.09 ac lot Built 1910
Last sale Oct 1995 · $235,000
Trust Owned Owner of record is a trust. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2823 SW 1St Ave, Portland, OR 97201 For Sale
$1,250,000 4,840 SF
2823 SW 1St Ave, Portland, OR 97201
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$181k
Effective rate2.65%

Value estimate

· Oct 2026
$370k
$333k – $407k
NOI build-up
Gross scheduled income$118k
Vacancy & credit loss−$12k
Operating expenses−$40k
NOI · 5.29% cap applied$66k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$216/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$88 – $346
Qualifying comparables13

Cap rate analysis

How does the asset earn?
5.29%
$66k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R1D
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.2
Furniture Store11.0
Auto Parts Store10.2

Location

2823 SW 1St Ave Portland, OR 97201
County assessor Recorded deeds · 5 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
118 Wi Sw Porter, Portland, OR 97201 $450,000 Mar 2024 No data
2828 Water, Portland, OR 97201-4861 $500,000 Apr 2023 3,841 SF
2309 6th, Portland, OR 97201-4914 $1,366,875 Dec 2020 4,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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