6844 SE BORWICK St Hillsboro, OR 97123
MULTI_FAMILY - Hillsboro, OR
Property Features for 6844 SE BORWICK St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Sfr-6
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- R2041295
- Size
- 1,620 SF
Taxes and HOA fees
- Tax Description
- BORWICK MEADOWS, LOT 55, ACRES 0.12
- Tax Annual Amount
- 4157
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1996
- Floors in Building
- 1
- Number of units
- 1
- Roof type
- Composition
Listing agent Thomas Taylor License #201216648 (503) 575-8620
Listing office MORE Realty 9792 SW Nimbus Ave, Tigard, OR (503) 353-6673
Listing date Jun 27, 2026
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.
The home is located in Hillsboro, Oregon, and the surrounding area provides walkable access to Noble Woods Park as well as nearby stores, restaurants, and groceries. The remarks also note that Orenco and Tanasbourne are a few minutes away, along with Highway 26.
For buyers, this property presents an occupied rental setup, with the home rented through 3/31/27 per the listing remarks. The current tenancy can be appealing for investors seeking an in-place occupant, and the listing also cites potential rent of $2,750. For tenants, the layout provides multiple bedrooms, in-home laundry, and main living features like a gas fireplace, complemented by outdoor space under the covered deck.
Key Highlights
- Rented through 3/31/27; potential rent $2,750 (listed cap rate 4.6 and GRM 15).
- Year built 1996 with forced‑air heating and central air conditioning.
- 3 bedrooms and 2 bathrooms, plus a dedicated laundry room.
Local Financial Insights For Apartment 5plus
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 | $41.6k | $25.68 |
| − Vacancy | −$2.6k | −$1.62 |
| EGI | $39.0k | $24.06 |
| − OpEx | −$17.5k | −$10.83 |
| NOI | $21.4k | $13.23 |
