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    Property profile & analytics

    905 15Th Ave Portland, OR 97214

    • Medical offices
    • 12,154 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0594114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 905 15Th Ave

    Property size
    12,154 SF
    Property type
    Medical offices

    Description

    This meticulously maintained, mixed-use medical building in Portland, Oregon presents a unique opportunity for lease or owner-occupancy. Located at 905 SE 15th Ave, in Multnomah County, zip code 97214, this 12,154 square foot building sits on a 0.33-acre lot and is zoned CM2. The property features a single tenancy, with the entire space currently vacant. A recent renovation in 2016 created a ground floor dedicated to medical office space and five luxury short-term stay apartments on the second floor, accessed via a private entrance. The building offers two elevator-served floors and ample gated parking located at SE Belmont and SE 14th. This property is ideal for both owner-users seeking a modern, well-equipped medical office space and investors looking for a strong rental income stream. The building's prime location in Portland, combined with its versatile layout and recent upgrades, makes it an exceptional investment opportunity. The property's size and features cater to a variety of medical practices or businesses. The combination of medical office space and short-term rental units provides a unique income diversification opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6508773
    Latitude
    45.5163537

    Comparable in this City

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    Similar Nearby for Lease

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      View Details
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    905 15Th Ave
    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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