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Property profile & analytics
OFF-MARKET
Estimated value
$14,325,000
Apartment buildings
737 17th Ave, Portland, OR 97205-1874
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-1770276
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Total area
90,075 SF
Lot
0.51 ac (22,010 SF)
Zoning code
RXD
APN
1N1E33DC 02602
UPID
US71-1770276
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
Current use
Occupant on record · Public records
-
Stadium Station Apartments Real Estate Agency
-
Bayside Communities Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.32M
Blend (final)
Blend
$14.33M
Owner & transaction history
New Cingular Wireless Pcs LLC · 3 yrs held
New Cingular Wireless Pcs LLC
since 2023
7 recorded transactions
Zoning & alternative use
RXD · 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
$14.33M
Range $12.89M – $15.76M · ±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
$21,040
Tax year 2023
Assessed value
$794,743
Assessed 2023
Previous assessed
$403,460
+97.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$5,640,190
Improvement market value
$8,825,350
Total market value
$14,465,540
Applied tax rate
1.0000
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
1998
Heating
NONE
Stories
1
Total area
90,075 SF
Lot
0.51 ac (22,010 SF)
Zoning code
RXD
APN
1N1E33DC 02602
UPID
US71-1770276
Jurisdiction
MULTNOMAH
Zoning & alternative use
RXD · Portland, OR
Zoning RXD · permitted uses
RXD · 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
1998
Heating
NONE
Stories
1
Lot
0.51 ac
Current owner
From public records · entity-resolved
New Cingular Wireless Pcs LLC
Entity
Free & Clear · 3 yrs held
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
—
New Cingular Wireless Pcs LLC
Stadium Station Apartments LP
Lease
—
Dec 30, 2019
—
Stadium Station Apartments LP
—
Deed
related
$10,130,000 · Truist Bk
Aug 19, 2011
—
Stadium Station Apartments LP
—
Deed Of Trust
related
$4,583,798 · Us Bank NA
Nov 6, 2008
$5,808,798
Stadium Station Apartments
Stadium Place
Warranty Deed
related
—
—
—
Stadium Place
—
Deed Of Trust
related
$4,583,798 · Us Bank NA
—
—
Stadium Station Apartments LP
—
Deed Of Trust
related
$10,130,000 · Truist Bk
—
—
Stadium Station Apartments LP
—
Deed Of Trust
related
$6,974,000 · Cwcapital LLC
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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