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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Apartment buildings
42nd Ave, Portland, OR 97218
Entity Owned
8-yr Hold
Free & Clear
Property ID
US71-0335251
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
4,792 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R2H
APN
1N2E18CB 11500
UPID
US71-0335251
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
$762k
Blend (final)
Blend
$760k
Owner & transaction history
Fernhill Crossing LLC · 8 yrs held
Fernhill Crossing LLC
since 2017
6 recorded transactions
Zoning & alternative use
R2H · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$159 / 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
$162
Tax year 2023
Assessed value
$6,100
Assessed 2023
Previous assessed
$5,930
+2.9% YoY
Effective rate
2.66%
On assessed value
Land market value
$119,800
Total market value
$119,800
Applied tax rate
800.0000
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
2020
Heating
NONE
Total area
4,792 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R2H
APN
1N2E18CB 11500
UPID
US71-0335251
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2H · Portland, OR
Zoning R2H · permitted uses
R2H · 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.
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Lot
0.11 ac
Current owner
From public records · entity-resolved
Fernhill Crossing LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2222 NE OREGON ST STE #209, PORTLAND, OR 97232-3390
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2020
—
Fernhill Crossing LLC
—
Deed
related
$3,952,500 · Iq Cu
Oct 3, 2018
—
Fernhill Crossing LLC
—
Grant Deed
related
$3,450,000 · Conventus LLC
Sep 29, 2017
$8,750
Fernhill Crossing LLC
Rieck,saskia D & Dylan
Warranty Deed
—
Jun 30, 2016
—
Dotted Line Investments LLC
Vanquish Investment Group LLC
Grant Deed
related
$2,776,000 · Bank Of The West
Dec 19, 2003
$142,000
Russell S Van Rooy
Edwards,alene R
Grant Deed
$113,600 · Countrywide Home Loans INC
—
—
Fernhill Crossing LLC
—
Deed Of Trust
related
$3,952,500 · Iq Cu
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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