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Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Apartment buildings
5834 Greeley Ave, Portland, OR 97217-4146
Entity Owned
Property ID
US71-1718275
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2022
Total area
7,249 SF
Lot
0.11 ac (4,900 SF)
Zoning code
CN2
APN
1N1E16CD 06300
UPID
US71-1718275
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
$1.60M
Blend (final)
Blend
$2.25M
Owner & transaction history
Dp Esterkin LLC
Dp Esterkin LLC
since 2025
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
CN2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+43.2%
Restaurant
$2.5M
+20.4%
Auto repair, garage
$2.2M
+7.4%
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)
$2,060,000
Current use
COMMERCIAL (GENERAL)
$2,950,000
Change: +43% · Conversion: Moderate
RESTAURANT
$2,480,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,215,000
Change: +7% · Conversion: Difficult
MEDICAL BUILDING
$2,190,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$2,175,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$2,095,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.90M (Jul 22 2025)
Last sale anchor
$2.90M
Jul 22 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
$310 / 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
$14,153
Tax year 2023
Assessed value
$534,125
Assessed 2023
Previous assessed
$246,049
+117.1% YoY
Effective rate
2.65%
On assessed value
Land market value
$441,000
Improvement market value
$1,004,010
Total market value
$1,445,010
Applied tax rate
710.0000
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
2022
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
7,249 SF
Lot
0.11 ac (4,900 SF)
Zoning code
CN2
APN
1N1E16CD 06300
UPID
US71-1718275
Jurisdiction
MULTNOMAH
Zoning & alternative use
CN2 · Portland, OR
Zoning CN2 · permitted uses
CN2 · 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
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2022
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Dp Esterkin LLC
Entity
Mailing address
560 1ST ST STE #104, LAKE OSWEGO, OR 97034-3273
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2025
$2,900,000
Dp Esterkin LLC
Eric W Jacobsen
Warranty Deed
$1,050,000 · Esterkin Family Trust
Jul 22, 2025
—
Eric W Jacobsen
5834 N Greeley LLC
Special Warranty Deed
—
Oct 14, 2020
—
5834 N Greeley LLC
Eric W Jacobsen
Warranty Deed
$1,750,000 · Willamette Valley Bank
Dec 4, 2019
—
Jacobsen Family Trust
Eric W Jacobsen
Quit Claim Deed
related
—
Dec 14, 2018
$380,000
Eric Jacobsen
Joan M Meyer
Warranty Deed
$285,000 · Pacific Residential Mortgage LLC
Aug 27, 2018
—
Joan Meyer
—
Deed
related
$100,000 · Oregonians Cu
Jul 30, 2018
—
Joan Meyer
—
Deed
related
$20,000 · Oregonians Cu
May 17, 2016
—
Joan M Meyer
—
Deed
related
$7,000 · Oregonians Cu
May 31, 1994
$53,000
Joan M Meyer
Leino,oscar S &
Grant Deed
$52,965 · First Interstate Bank Oregon
Apr 1, 1990
$31,000
Oscar S Leino
Hud,
Grant Deed
$29,064 · Us Bancorp Mortgage Corp
—
—
Joan M Meyer
—
Deed Of Trust
related
$12,200 · Gmac Mortgage Corp
—
—
Joan M Meyer
—
Deed Of Trust
related
$7,000 · Oregonians Cu
—
—
John M Meyer
—
Deed Of Trust
related
$10,000 · Gmac Mortgage Corp
—
—
Joan Meyer
—
Loan Modification
related
$100,000 · Oregonians Cu
—
—
Joan Meyer
—
Loan Modification
related
$20,000 · Oregonians 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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