Technical
Financial
Distress signals
Property profile

450 5th Ave 5 Hillsboro, OR 97123

OFF-MARKET
Apartment buildings
Property ID
US71-0465846
2,941 SF 0.19 ac lot Built 1910
Entity Owned 6-yr Hold Absentee Owner
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1910
Construction WOOD FRAME
Total area 2,941 SF
Lot 0.19 ac (8,276 SF)
Zoning code SCR-MD
APN 1S206BA-08300
UPID US71-0465846

Cap rate & NOI

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

Location

450 5th Ave, Unit 5 Hillsboro, OR 97123-4400
Hillsboro metro Census 32501 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
$592k
Blend (final) Blend
$405k

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2016
Price N/A
2016
$145,000
2015
Price N/A
1997
Price N/A

Zoning & alternative use

SCR-MD · Hillsboro, OR
Zoning description

The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station

General category RESIDENTIAL
Top alternative use upside
Medical building $940,000 +43.0%
Commercial (general) $750,000 +14.6%
Retail stores $700,000 +7.1%

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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