Property profile

3611 28th Ave Portland, OR 97202

OFF-MARKET
Apartment buildings
Property ID
US71-0497736
68,432 SF 1.32 ac lot Built 2008
Individually Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2008
Total area 68,432 SF
Lot 1.32 ac (57,499 SF)
Zoning code CG
APN 1S1E12CB 12701
UPID US71-0497736

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex
  • Apartment Building

Location

3611 28th Ave Portland, OR 97202-3577
Portland metro Census 902 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.72M
Blend (final) Blend
$415k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

CG · Portland, OR
Top alternative use upside
Restaurant $23.4M +18.9%
Retail stores $22.8M +15.9%
Auto repair, garage $20.9M +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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