Property profile

3815 122nd Ave 3829 Portland, OR 97236

OFF-MARKET
Apartment buildings
Property ID
US71-0981902
6,560 SF 0.41 ac lot Built 1964
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1964
Total area 6,560 SF
Lot 0.41 ac (17,745 SF)
Zoning code R1
APN 1S2E10DA 03101
UPID US71-0981902

Cap rate & NOI

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

Location

3815 122nd Ave, Unit 3829 Portland, OR 97236-3759
Portland metro Census 8400 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.53M
Blend (final) Blend
$505k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2021
$1.2M
2017
$1.1M
2016
$555,000
2014
$371,959
2003
Price N/A
2003
$475,000

Zoning & alternative use

R1 · Portland, OR
Top alternative use upside
Restaurant $2.2M +28.8%
Auto repair, garage $2.0M +14.8%
Medical building $2.0M +13.6%

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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