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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Apartment buildings
3233 10th Ave, Portland, OR 97239-3090
Trust Owned
~
Est. High Equity
Property ID
US71-1884109
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
FRAME
Total area
2,282 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CS
APN
1S1E09AC 04400
UPID
US71-1884109
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
-
Marquam Hill Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$900k
Owner & transaction history
One Eleve 2020 Trust
One Eleve 2020 Trust
since 2026
7 recorded transactions
Zoning & alternative use
CS · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$695,000
+14.8%
Medical building
$690,000
+13.6%
Retail stores
$685,000
+12.9%
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)
$605,000
Current use
AUTO REPAIR, GARAGE
$695,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$690,000
Change: +14% · Conversion: Moderate
RETAIL STORES
$685,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$660,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$625,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$394 / 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
$16,571
Tax year 2023
Assessed value
$625,950
Assessed 2023
Previous assessed
$607,720
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$500,000
Improvement market value
$962,550
Total market value
$1,462,550
Applied tax rate
1.0000
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
1947
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
7
Bathrooms
7
Total area
2,282 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CS
APN
1S1E09AC 04400
UPID
US71-1884109
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
$605,000
AUTO REPAIR, GARAGE
Est. value
$695,000
MEDICAL BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$685,000
OFFICE BUILDING
Est. value
$660,000
COMMERCIAL (GENERAL)
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1947
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
7
Bathrooms
7
Lot
0.11 ac
Current owner
From public records · entity-resolved
One Eleve 2020 Trust
Trust
Mailing address
2284 NW THURMAN ST, PORTLAND, OR 97210-2519
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
One Eleve 2020 Trust
Margot Pearmine
Deed
related
—
Jan 5, 2026
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 2, 2025
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 10, 2024
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 6, 2023
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 13, 2022
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 11, 2021
—
Margot Pearmine
Michael L Feves
Warranty Deed
—
Jan 6, 2020
—
Margot Feves
Michael L Feves
Quit Claim Deed
related
—
Dec 20, 2019
—
Margot Feves
Michael L Feves
Quit Claim Deed
related
—
Jan 3, 2018
—
Wanderlust Properties LLC
Feves,margot
Grant Deed
—
Dec 11, 2017
—
Margot Feves
Feves,michael L & Christine
Quit Claim Deed
related
—
Mar 1, 2017
$1,200,000
Michael L Feves
Pill Hill LLC
Warranty Deed
—
May 24, 2013
$880,000
Pill Hill LLC
Fletcher Properties LLC
Warranty Deed
—
Apr 26, 2007
$785,000
Fletcher Properties LLC
Rhonda Barbour
Warranty Deed
$358,000 · Washington Federal Savings
Mar 14, 2007
—
Nichols Dorothy D Trust
Nabco Industries INC
Grant Deed
—
Apr 9, 2004
—
Nicholas Rothernberg
Rothenberg,tr
Quit Claim Deed
related
$194,100 · Wells Fargo Home Mortgage INC
Jul 15, 1999
$332,000
Nabco Industries INC
Rotkowski,magdalena
Grant Deed
$232,000 · Enfield Trust Ira
—
—
Nabco Industries INC
—
Deed Of Trust
related
$270,000 · Imperial Capital Bank
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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