Single-Story Duplex with
For Sale
$599,900
19778 SW 68TH Ave, Tualatin, OR 97062
MultiFamily, Tualatin, OR
Property Size2,058 SF
Lot Size0.23 Acres
Price / SF$291.50
Days on Market380
Property Features for 19778 SW 68TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Subdivision
STONE RIDGE
Elementary school
Bridgeport
Middle school
Hazelbrook
High school
Tualatin
Directions
Sagert to 68th
Standard status
Active
APN
R534951
Size
2,058 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
STONERIDGE, LOT 42, ACRES 0.23
Tax Annual Amount
4878
Legal Description
STONERIDGE, LOT 42, ACRES 0.23
Utilities
Heating system
Forced Air
Amenities
built-in dishwashers
disposals
free-standing ranges
refrigerators
ceiling fans
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Kristin Sholes
(503) 307-7577
Added: Aug 25, 2025
Changed: Sep 8
Last Checked: Sep 8 at 8:06AM
MLS# 691452104
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.
Investment Insights
Based on property information with market context.
This 2,058-square-foot duplex contains two residential units within a single-story building constructed in 1978. The larger residence has three bedrooms and two bathrooms, while the second includes two bedrooms and one bathroom. Both units feature forced-air heating, in-unit washers and dryers, built-in dishwashers, disposals, freestanding ranges, refrigerators, and ceiling fans. Each residence also has a private garage, including a detached one-car garage serving the larger unit. The property sits on a 0.23-acre lot and has a composition roof.
Both units are currently rented. The home is located in Tualatin near Atfalati Park, Horizon Middle School, and bus lines, with shopping, dining, hospitals, parks, and freeway access in the surrounding area.
Both units are currently rented. The home is located in Tualatin near Atfalati Park, Horizon Middle School, and bus lines, with shopping, dining, hospitals, parks, and freeway access in the surrounding area.
Key Highlights
- 2,058 SF duplex on a 0.23‑acre lot
- Two units: 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,425
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$528,500
$528.5K
Cap Rate 7%
$377,500
$377.5K
Cap Rate 9%
$293,611
$293.6K
Market Conditions
NOI Build-Up for 2,058 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.6K $24.60/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$48.0K $23.35/SF
− OpEx
−$21.6K −$10.51/SF
NOI
$26.4K $12.84/SF
Area
Washington County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$528,500
Cap Rate 7%
$377,500
Cap Rate 9%
$293,611
Alternative Uses
Best Use
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,425 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$361.0K
$315.9K – $421.2K
NOI $25,269 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$555.5K
$486.1K – $648.1K
NOI $38,885 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two currently rented units provide separate layouts, private garages, and in-unit laundry.
Where is this duplex located?
The property is located at 19778 SW 68TH Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 2,058 SF duplex on a 0.23‑acre lot; Two units: 3 bedrooms/2 bathrooms and 2 bedrooms/1 bathroom; Both units are currently rented
