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Property profile & analytics
OFF-MARKET Estimated value $67,445,000
Apartment buildings

3181 23rd St Gresham, OR 97030-4373

273,264 SF 11.39 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US71-0467418
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1990
Total area 273,264 SF
Lot 11.39 ac (496,148 SF)
Zoning code CMF
APN 1S3E02 00400
UPID US71-0467418
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
$67.45M
Blend (final) Blend
$67.45M
Owner & transaction history
Gresham 278 Owner LLC · 6 yrs held
Gresham 278 Owner LLC
since 2019
4 recorded transactions
2019
$62.8M
2016
Price N/A
2014
Price N/A
2011
$22.6M
Zoning & alternative use
CMF · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

4.0412 Corridor Multi-Family (CMF).............................................................................................. 4.0400-3 4.0413 Corridor Mixed-Use (CMU) ................................................................................................ 4.0400-3 4.0414 Community Commercial (CC) ...................................................…

Zone name Corridor Multifamily
General category RESIDENTIAL
Zone area 579.95 ac
Top alternative use upside
Restaurant $97.7M +35.9%
Medical building $82.6M +14.8%
Auto repair, garage $81.0M +12.6%
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