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Property profile & analytics
OFF-MARKET
Estimated value
$13,325,000
Apartment buildings
2959 Burnside St Portland, OR 97214-1866
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0522359
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2013
Total area
30,745 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CS
APN
1N1E36CA 21400
UPID
US71-0522359
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
Current use
Occupant on record · Public records
-
B Street Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.32M
Blend (final)
Blend
$13.33M
Owner & transaction history
Udg Burnside LLC · 14 yrs held
Udg Burnside LLC
since 2011
6 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.5M
+15.7%
Retail stores
$9.9M
+8.7%
Auto repair, garage
$9.4M
+3.2%
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)
$9,100,000
Current use
RESTAURANT
$10,530,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$9,890,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,390,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$9,285,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,915,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$8,885,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$13.33M
Range $11.99M – $14.66M · ±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
$433 / 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
$133,865
Tax year 2023
Assessed value
$5,051,750
Assessed 2023
Previous assessed
$4,904,620
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$1,122,120
Improvement market value
$13,361,040
Total market value
$14,483,160
Applied tax rate
201.0000
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
2013
Heating
BASEBOARD
Stories
1
Bathrooms
3
Total area
30,745 SF
Lot
0.23 ac (10,000 SF)
Zoning code
CS
APN
1N1E36CA 21400
UPID
US71-0522359
Jurisdiction
MULTNOMAH
Zoning & alternative use
CS · Portland, OR
Zoning CS · permitted uses
CS · 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
$9.1M
RESTAURANT
Est. value
$10.5M
RETAIL STORES
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2013
Heating
BASEBOARD
Stories
1
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Udg Burnside LLC
Entity
Mailing address
735 SW 158TH AVE, BEAVERTON, OR 97006-4904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2013
—
Udg Burnside LLC
—
Grant Deed
related
$4,300,000 · M&t R/e Trust (ct)
Nov 14, 2011
$345,000
Udg Burnside LLC
Enterprises INC
Warranty Deed
$445,500 · M & T Real Estate Trust
Nov 17, 2003
—
Enterprises INC
Capriotti,linda M
Grant Deed
related
—
—
—
Udg Burnside LLC
—
Deed Of Trust
related
$5,350,000 · M&t R/e Trust (ct)
—
—
Udg Burnside LLC
—
Deed Of Trust
related
$6,335,000 · M&t Rlty Cap
—
—
Udg Burnside LLC
—
Deed Of Trust
related
$6,335,000 · M&t Rlty Cap
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.
Try Rey
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