Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$5,420,000
Apartment buildings
304 162nd Ave Portland, OR 97233-3864
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US71-0192725
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2016
Total area
40,979 SF
Lot
1.06 ac (46,348 SF)
Zoning code
SC
APN
1N3E31CC 01600
UPID
US71-0192725
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
-
Station 162 Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$5.42M
Owner & transaction history
Station 162 Housing LLC · 10 yrs held
Station 162 Housing LLC
since 2015
7 recorded transactions
Zoning & alternative use
SC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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)
$8,065,000
Current use
Blend value · Realmo final
$5.42M
Range $4.88M – $5.96M · ±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
$132 / 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
$14,614
Tax year 2023
Assessed value
$838,440
Assessed 2023
Previous assessed
$814,020
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$789,980
Improvement market value
$1,299,500
Total market value
$2,089,480
Applied tax rate
901.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2016
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
40,979 SF
Lot
1.06 ac (46,348 SF)
Zoning code
SC
APN
1N3E31CC 01600
UPID
US71-0192725
Jurisdiction
MULTNOMAH
Zoning & alternative use
SC · Portland, OR
Zoning SC · permitted uses
SC · 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
$8.1M
APARTMENT HOUSE (5+ UNITS) Current
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
2016
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Station 162 Housing LLC
Entity
Mailing address
5100 S MACADAM AVE STE #130, PORTLAND, OR 97239-3831
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2017
—
Station 162 Housing LLC
—
Deed
related
$1,123,205 · Network/or Affordable Hsng
Dec 18, 2015
$175,000
Station 162 Housing LLC
Quadriplegics United Against Depend
Warranty Deed
$7,872,712 · Us Bank NA
Apr 11, 2012
$175,000
United Against D Quadriplegics
Union Bk
Grant Deed
—
Apr 11, 2012
—
Bk Union
Frontier Bk Everett Washington
Grant Deed
related
—
Dec 2, 2009
$326,249
Frontier Bk
Paetsch Erich M
Trustees Deed
related
—
Sep 14, 2007
$595,900
Briarwood Commons LLC
Levison,martin A & Gwen V
Warranty Deed
$487,500 · Frontier Bank
Jul 17, 2007
—
Briarwood Commons LLC
Grey,david
Warranty Deed
related
—
Dec 23, 1999
$128,500
Ronnie L Threadgill
Levison,martin A
Grant Deed
$115,650 · Seller
May 1, 1992
$97,500
Martin A Levison
Unknown
Grant Deed
—
—
—
Station 162 Housing LLC
—
Loan Modification
related
$1,123,205 · Network/or Affordable Hsng
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 304 162nd Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
