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Property profile & analytics
OFF-MARKET Estimated value $2,395,000
Apartment buildings

811 Main St 10 Independence, OR 97351-2500

30,156 SF 1.69 ac lot Built 1962
Trust Owned ~ Est. High Equity
Property ID
US71-0425297
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1962
Total area 30,156 SF
Lot 1.69 ac (73,616 SF)
Zoning code RH
APN 08421-DB-00200
UPID US71-0425297
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
  • Greystone Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.32M
Blend (final) Blend
$2.40M
Owner & transaction history
Langan Family Trust
Langan Family Trust
since 2026
7 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2019
$595,000
2015
Price N/A
2011
$1.3M
1996
$270,000
Zoning & alternative use
RH · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

SUBCHAPTER 22: HIGH DENSITY RESIDENTIAL (RH) ZONE 22.005 Purpose The purpose of the High -Density Residential (RH) Zone is to define and protect areas suitable for medium and high-density residential uses. 22.015 Permitted and Conditional Uses Allowed permitted and conditional uses within the High-Density Residential Zone are presented in Subchapter 17. Uses…

Zone name High Density Residential
General category RESIDENTIAL
Zone area 106.47 ac
Source CITY OF INDEPENDENCE
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