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Property profile & analytics
OFF-MARKET Estimated value $2,980,000
Apartment buildings

4311 Independence Hwy Independence, OR 97351-9800

31,012 SF 2.65 ac lot Built 1998
Individually Owned 14-yr Hold Free & Clear
Property ID
US71-0596024
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1998
Total area 31,012 SF
Lot 2.65 ac (115,434 SF)
Zoning code RM
APN 08416-C0-01800
UPID US71-0596024
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
by Request
Blend (final) Blend
$2.98M
Owner & transaction history
Terry E O'connor · 14 yrs held
Terry E O'connor
since 2011
5 recorded transactions
2011
Price N/A
2006
$2.1M
2004
$1.9M
2000
$1.8M
2000
Price N/A
Zoning & alternative use
RM · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SUBCHAPTER 21: MEDIUM-DENSITY RESIDENTIAL (RM) ZONE 21.005 Purpose The purpose of the Medium-Density Residential (RM) Zone is to define and protect areas suitable for low or medium-density residential uses. Such areas are intended for the development and use of single -family dwellings and medium -density residential structures such as duplexes, row houses,…

Zone name Medium Density Residential
General category RESIDENTIAL
Zone area 270.00 ac
Source CITY OF INDEPENDENCE
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