Hillsboro Triplex: Investment
121 SE 8TH Ave, Hillsboro, OR 97123
MULTI_FAMILY - Hillsboro, OR
Property size:
2,652 SFLot size:
0.02 AcresPrice / SF:
$395/SF- Added:
- Jan 30, 2026
- Days on Market:
- 112
- Last Refresh:
- May 22 at 12:06 am
Property Features for 121 SE 8TH Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SCR-DNC
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 5, Bathroom 6, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 1
- Standard status
- Active
- APN
- R2117509
- Size
- 2,652 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Description
- THOMAS PLACE, LOT 2, ACRES 0.02-THOMAS PLACE, LOT 3, ACRES 0.02, THOMAS PLACE LOT 1, ACRES 0.02
- Tax Annual Amount
- 2243
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2002
- Floors in Building
- 2
- Number of units
- 3
- Roof type
- Composition
Listing agent Renae Thompson (503) 929-1223
Listing office Knipe Realty ERA Powered 7440 SW Hermoso Way, Vancouver, OR (503) 445-7660
Listing date Jan 30, 2026
MLS# 108703487
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Exceptional investment opportunity: Tri‑plex with three townhomes, each on its own tax lot, offering strong returns or owner‑occupancy with rental income potential.
- Premier location: Heart of Hillsboro, one block from Pacific University, minutes from OHSU/Tuality Hospital, MAX, bus lines, and downtown.
- Recent extensive updates: New roof (2024), new washers, dryers, and refrigerators (2024), and new Trex decking (2025).
- Turnkey Ready: Two units come with new furnishings.
- No HOA fees: Adds to the profitability and reduces owner expenses.
- Separate Tax ID's: Units can be sold separately, offering flexibility.
Overview
This triplex presents an investment opportunity in Hillsboro, situated one block from Pacific University and minutes from OHSU/Tuality Hospital, MAX, bus lines, and downtown Hillsboro. The property features three townhomes, each on its own tax lot, with each unit offering 2 bedrooms and 1.1 baths. Two units include new furnishings that come with the property. The property has been extensively updated, including a new roof in 2024, new washers, dryers, and refrigerators in 2024, and private, fully fenced yards with new Trex decking planned for 2025. Additional features include gas heating, wood-laminate flooring on the main level, and fresh interior paint throughout. There are no HOA fees. The property is suitable for investors seeking returns or owner-occupants looking to live in one unit while generating rental income from the others. It is also suitable for short term rentals. The units have separate tax ID numbers and can be sold separately. The property size is 2,652 square feet and the lot size is 0.02 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.9775197
- Latitude
- 45.5220042
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Updated triplex in Hillsboro near Pacific University and downtown.
Where is this triplex located?
The property is located at 121 SE 8TH Ave Hillsboro, OR.
What is the asking price?
The asking price for this property is $1,049,999.
What are key features of this property?
This property features: Exceptional investment opportunity: Tri‑plex with three townhomes, each on its own tax lot, offering strong returns or owner‑occupancy with rental income potential.; Premier location: Heart of Hillsboro, one block from Pacific University, minutes from OHSU/Tuality Hospital, MAX, bus lines, and downtown.; Recent extensive updates: New roof (2024), new washers, dryers, and refrigerators (2024), and new Trex decking (2025).
