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

1046 NE 17TH Ave, Hillsboro, OR 97124

MultiFamily, Hillsboro, OR

Property SizeContact for details
Lot Size0.94 Acres
Days on Market71

Property Features for 1046 NE 17TH Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MR2
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
View Territorial
Elementary school Mooberry
Middle school Poynter
High school Liberty
Directions Cornell Rd, go N on NE 17th Ave
Subdivision _152
Standard status Active
APN R711536
Lot size 0.94 Acres

Taxes and HOA fees

Tax Description HILLSBORO ACRES, LOT PT 19, ACRES 0.94
Tax Annual Amount 21133
Legal Description HILLSBORO ACRES, LOT PT 19, ACRES 0.94

Utilities

Heating system Baseboard

Amenities

on-site laundry room

Building Details

Year built 1975
Floors in Building 2
Number of units 18
Roof type Composition
Listing Agency: Great Western Real Estate Co
Listed By: Cornell Mann · License #911000262
Added: Jun 17 Changed: Aug 19 Last Checked: Aug 26 at 7:06AM
MLS# 667222586

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 18-unit apartment property occupies 0.94 acres in Hillsboro, Oregon. Built in 1975, the building has composition roofing and baseboard heating. An on-site laundry room provides an additional income source, while the property is operated by its owner and reported at 100% occupancy.

The property is zoned MR2 and located at 1046 NE 17th Ave, with access to shopping, major roadways, and everyday amenities. Rental agreements are month-to-month for all but one unit, which has approximately five months remaining on its lease. No rent increases have been implemented in the past 13 months.

Key Highlights

  • 18‑unit apartment property on 0.94 acres
  • 100% occupied and owner‑managed
  • On‑site laundry room provides additional income

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

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 property with full occupancy and on-site laundry income.
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 property on 0.94 acres; 100% occupied and owner‑managed; On‑site laundry room provides additional income
More about this property
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