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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Apartment buildings
3827 Francis St, Portland, OR 97202-3290
Entity Owned
Free & Clear
Property ID
US71-0069702
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
FRAME
Total area
3,306 SF
Lot
0.13 ac (5,663 SF)
Zoning code
R1
APN
1S1E12DA 10000
UPID
US71-0069702
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
$1.04M
Blend (final)
Blend
$920k
Owner & transaction history
3530 Properties LLC
3530 Properties LLC
since 2025
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
R1 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+15.9%
Auto repair, garage
$1.0M
+6.0%
Medical building
$1.0M
+4.8%
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)
$950,000
Current use
RETAIL STORES
$1,105,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,010,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$960,000
Change: +1% · Conversion: Moderate
OFFICE BUILDING
$955,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $800k (Jun 5 2025)
Last sale anchor
$800k
Jun 5 2025
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
$278 / 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
$9,909
Tax year 2023
Assessed value
$373,960
Assessed 2023
Previous assessed
$363,070
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$468,000
Improvement market value
$362,630
Total market value
$830,630
Applied tax rate
201.0000
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
1969
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
5
Bathrooms
5
Total area
3,306 SF
Lot
0.13 ac (5,663 SF)
Zoning code
R1
APN
1S1E12DA 10000
UPID
US71-0069702
Jurisdiction
MULTNOMAH
Zoning & alternative use
R1 · Portland, OR
Zoning R1 · permitted uses
R1 · 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
$950,000
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$960,000
OFFICE BUILDING
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1969
Construction
FRAME
Heating
BASEBOARD
Stories
2
Units
5
Bathrooms
5
Lot
0.13 ac
Current owner
From public records · entity-resolved
3530 Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 82004, PORTLAND, OR 97282-0004
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
$800,000
3530 Properties LLC
Francis Street Investors LLC
Warranty Deed
—
Dec 3, 2018
$725,000
Francis Street Investors LLC
Rosenau,terry S
Warranty Deed
$575,000 · Terry S Rosenau
May 8, 2006
$398,400
William F Gardner
Merys,rod
Warranty Deed
$278,400 · Rod Merys
Sep 26, 2003
$285,000
Rod Merys
Setser,betty R
Grant Deed
$206,302 · Mbank
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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