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18-Unit Apartment Building
For Sale
$3,150,000

1046 NE 17th Ave, Hillsboro, OR 97124

Owner-managed, fully occupied property with on-site laundry and primarily month-to-month rental agreements.

Property SizeContact for details
Days on Market65

Property Features for 1046 NE 17th Ave

General Information

Standard status Active
Total Parking Spaces 38
Property subtype Multi Family Home
Zoning MR2
Occupancy 100%

Additional Details

Highway Access Yes
Multifamily Units 18

Taxes and HOA fees

Annual Taxes $21,133

Amenities

on-site laundry room

Building Details

Year Built 1975
Stories 2
Units 18
Listing Agency: Great Western Real Estate Co
Listed By: Cornell Mann · License #911000262
Source: Metanars
Added: Jun 17 Changed: Aug 18 Last Checked: Aug 19 at 2:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Great Western Real Estate Co

Investment Insights

Based on property information with market context.

This 18-unit apartment property at 1046 NE 17th Ave in Hillsboro, Oregon, was built in 1975 and is zoned MR2. The complex includes an on-site laundry room, which provides an additional income source. Operations are owner-managed, and all units are currently occupied.

Rental terms are predominantly month-to-month, with one unit carrying approximately five months remaining on its lease. The property has had no rent increases during the past 13 months. Shopping, major roadways, and daily amenities are described as conveniently accessible from the property. Tenant access is by scheduled appointment only.

Key Highlights

  • 18‑unit apartment complex built in 1975
  • 100% occupied with owner‑managed operations
  • MR2 zoning

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

549
Businesses Nearby

Demographics for 97124, OR

53,487
Population
22,176
Households
2.4
Avg Household Size
35
Median Age
47%
College-Educated
93%
High-School Grad
45.1 sq mi
ZIP Area
1,186
Density / Sq Mi
$107,063
Median Household Income
$54,463
Median Earnings
$1,918
Median Rent
$518,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Owner-managed, fully occupied property with on-site laundry and primarily month-to-month rental agreements.
Where is this apartment building located?
The property is located at 1046 NE 17th Ave Hillsboro, OR.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 18‑unit apartment complex built in 1975; 100% occupied with owner‑managed operations; MR2 zoning
More about this property
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