Multifamily Residence with Separate
2706 SE SPRUCE St Hillsboro, OR 97123
2706 SE SPRUCE St, Hillsboro, OR, 97123
$799,000
For Sale
$799,000
MULTI_FAMILY - Hillsboro, OR
Property Size2,798 SF
Lot Size0.21 Acres
Price / SF$285.56
Days on Market16
Property Features for 2706 SE SPRUCE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- SFR-7
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 8, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- APN
- R320398
- Size
- 2,798 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- CEDAR PARK NO.3, BLOCK 9, LOT 11
- Tax Annual Amount
- 6212
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1970
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Composition
Listing agency
Premiere Property Group, LLC
(503) 670-9000
Listed by
Kristina Horning · License #201208749
(503) 523-8556
Added: Jul 7 Updated: Jul 17 at 2:50PM Checked: Jul 22 at 1:06PM
MLS# 302256276
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 updated multifamily residence is designed for comfort and flexibility, with widened doorways, extra-wide hallways, and accessible bathrooms. The main level includes an open-concept living area, a formal dining space, newer flooring, and a spacious primary suite. The kitchen offers an oversized island, quartz countertops, updated fixtures, and abundant cabinetry. A dedicated laundry closet is available on both levels. The lower level provides a separate exterior entrance and a fully remodeled kitchenette with quartz countertops, along with 5 bedrooms and 2 bathrooms.
Outside, the property features a large refinished deck with a covered gazebo overlooking a fully fenced, landscaped backyard, plus a lower finished patio and garden shed. The home is in an established Hillsboro neighborhood with access to parks, walking trails, shopping, dining, schools, and hospitals, and easy access to Highway 26, Tualatin Valley Highway, and public transportation.
The property also notes potential uses for licensed care settings, including daycare, adult foster care, DD home, group home, or RTH, subject to buyer verification and licensing requirements.
Outside, the property features a large refinished deck with a covered gazebo overlooking a fully fenced, landscaped backyard, plus a lower finished patio and garden shed. The home is in an established Hillsboro neighborhood with access to parks, walking trails, shopping, dining, schools, and hospitals, and easy access to Highway 26, Tualatin Valley Highway, and public transportation.
The property also notes potential uses for licensed care settings, including daycare, adult foster care, DD home, group home, or RTH, subject to buyer verification and licensing requirements.
Key Highlights
- 8 bedrooms and 4 full bathrooms with accessibility (ADA) features, including widened doorways and extra‑wide hallways
- ADA‑ready layout with accessible bathrooms designed to help ease of movement throughout the home
- Lower level includes a daylight walk‑in exterior entry plus a fully remodeled kitchenette with quartz countertops, 5 bedrooms, and 2 full baths
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $22.68 |
| − Vacancy | −$3.4k | −$1.22 |
| EGI | $60.0k | $21.46 |
| − OpEx | −$18.0k | −$6.44 |
| NOI | $42.0k | $15.02 |
2,798 SF · lease $22.68/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$600.3K
$525.3K – $700.4K
NOI $42,022 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$529.0K
$462.9K – $617.2K
NOI $37,029 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$751.4K
$657.5K – $876.6K
NOI $52,596 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated home with accessible design features and a lower level with a separate exterior entrance and remodeled kitchenette.
Where is this duplex located?
The property is located at 2706 SE SPRUCE St Hillsboro, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 8 bedrooms and 4 full bathrooms with accessibility (ADA) features, including widened doorways and extra‑wide hallways; ADA‑ready layout with accessible bathrooms designed to help ease of movement throughout the home; Lower level includes a daylight walk‑in exterior entry plus a fully remodeled kitchenette with quartz countertops, 5 bedrooms, and 2 full baths
