Remodeled Two-Unit
For Sale
$875,000
19865 SW 68TH Ave, Tualatin, OR 97062
MultiFamily, Tualatin, OR
Property Size2,580 SF
Price / SF$339.15
Days on Market62
Property Features for 19865 SW 68TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RMH
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 1
Subdivision
Stone Ridge
Elementary school
Bridgeport
Middle school
Hazelbrook
High school
Tualatin
Directions
Sagert to 68th Avenue
Standard status
Active
APN
R534906
Size
2,580 SF
Taxes and HOA fees
Tax Description
STONERIDGE, LOT 39, ACRES 0.24
Tax Annual Amount
7173
Legal Description
STONERIDGE, LOT 39, ACRES 0.24
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
fireplace
in-unit laundry
private fenced backyard
Building Details
Year built
1978
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
John Tae · License #201209617
(503) 320-4554
Added: Jun 24
Changed: Aug 22
Last Checked: Aug 24 at 10:06PM
MLS# 165676492
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 duplex contains 2,580 square feet across two residences, with approximately 1,290 square feet per unit. Each side includes 3 bedrooms, 2.5 bathrooms, an attached garage, a fenced backyard, a fireplace, in-unit laundry, and an open-concept floor plan. Both units were extensively remodeled in 2019, including kitchens with granite countertops, center islands, updated cabinetry, flooring, and contemporary finishes. The property was built in 1978 and has forced-air heating, central air, and a composition roof.
Located at 19865 SW 68TH Ave in Tualatin, the property is near Atfalati Park, Bridgeport Village, Meridian Park Hospital, shopping, dining, public transportation, I-5, and OR-217. RMH zoning and the two-unit configuration support continued residential income use, subject to buyer verification.
Located at 19865 SW 68TH Ave in Tualatin, the property is near Atfalati Park, Bridgeport Village, Meridian Park Hospital, shopping, dining, public transportation, I-5, and OR-217. RMH zoning and the two-unit configuration support continued residential income use, subject to buyer verification.
Key Highlights
- Two‑unit duplex totaling 2,580 square feet
- Each unit offers approximately 1,290 square feet with 3 bedrooms and 2.5 bathrooms
- Both residences were extensively remodeled in 2019
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
$33,127
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
3.79%
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%
$662,540
$662.5K
Cap Rate 7%
$473,243
$473.2K
Cap Rate 9%
$368,078
$368.1K
Market Conditions
NOI Build-Up for 2,580 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
$63.5K $24.60/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$60.2K $23.35/SF
− OpEx
−$27.1K −$10.51/SF
NOI
$33.1K $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%
$662,540
Cap Rate 7%
$473,243
Cap Rate 9%
$368,078
Alternative Uses
Best Use
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,127 @ 7.0% cap · market cap 3.79%
Second Best
Multifamily LT 5
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$696.4K
$609.4K – $812.5K
NOI $48,748 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,032
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 updated residences offer private outdoor space, attached garages, fireplaces, and open-concept interiors.
Where is this duplex located?
The property is located at 19865 SW 68TH Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,580 square feet; Each unit offers approximately 1,290 square feet with 3 bedrooms and 2.5 bathrooms; Both residences were extensively remodeled in 2019
