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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Apartment buildings
7606 Flavel St, Portland, OR 97206-7800
Entity Owned
~
Est. High Equity
Property ID
US71-0463839
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1950
Construction
FRAME
Total area
3,614 SF
Lot
0.45 ac (19,767 SF)
Zoning code
R2
APN
1S2E20DB 00400
UPID
US71-0463839
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
$956k
Blend (final)
Blend
$955k
Owner & transaction history
N Group LLC
N Group LLC
since 2025
5 recorded transactions
Zoning & alternative use
R2 · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+14.8%
Medical building
$1.1M
+13.6%
Office building
$1.0M
+8.7%
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)
$960,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$1,090,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$1,045,000
Change: +9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,040,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$1,035,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$264 / 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
$9,293
Tax year 2023
Assessed value
$350,710
Assessed 2023
Previous assessed
$350,710
+0.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$197,670
Improvement market value
$484,550
Total market value
$682,220
Applied tax rate
201.0000
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
1950
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
6
Bathrooms
6
Total area
3,614 SF
Lot
0.45 ac (19,767 SF)
Zoning code
R2
APN
1S2E20DB 00400
UPID
US71-0463839
Jurisdiction
MULTNOMAH
Zoning & alternative use
R2 · Portland, OR
Zoning R2 · permitted uses
R2 · 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
$960,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1950
Construction
FRAME
Heating
BASEBOARD
Stories
1
Units
6
Bathrooms
6
Lot
0.45 ac
Current owner
From public records · entity-resolved
N Group LLC
Entity
Mailing address
5331 S MACADAM AVE STE #258, PORTLAND, OR 97239-3871
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2025
—
N Group LLC
Eyal Chernichovsky
Bargain & Sale Deed
—
Jul 3, 2024
$691,326
Eyal Chernichivsky
Lt Investments Two LLC
Warranty Deed
—
Oct 30, 2020
—
Hals Dens LLC
Richard Cassar
Bargain & Sale Deed
$550,000 · Oregon State Cu
Nov 26, 2019
$535,971
Lt Investments Two LLC
Richard Cassar
Warranty Deed
—
May 10, 2017
$950,000
Richard Cassar
Frost,donald E & Michelle L
Warranty Deed
$633,400 · Michael J Lemmo
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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