Twelve-Unit Apartment
For Sale
$2,000,000
1120 NE 17th Ave, Hillsboro, OR 97124
Built in 1973 with four one-bedroom and eight two-bedroom units, plus approximately 25 off-street parking spaces and common laundry.
Days on Market11
Property Features for 1120 NE 17th Ave
General Information
Standard status
Active
Property subtype
Multifamily
Amenities
Heart of the Silicon Forest: Home to major employers including Intel, Nike, and other Hillsboro Technology Firms Supporting Consistent Rental Demand
Recent Capital Improvements: Newer Roofs Reduce Near-Term Capital Expenditures and Enhance Long-Term Ownership Stability
Strong In-Place Cash Flow: Stabilized Income Supported by RUBS Program Enhancing Expense Recovery and Efficiency
Value-Add Potential: Continued Interior Renovations Provide Opportunity to Increase Rents Through Proven Upgrade Strategy
Listing Agency:
Portland Office
(503) 200-2073
Listed By:
Chandler Miller · License #License(s): OR: 201238624
(503) 200-2073
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 26
Last Checked: Aug 2 at 3:12AM
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 Portland Office
Investment Insights
Based on property information with market context.
Cornell Place Apartments is a 12-unit multifamily community built in 1973, offering a unit mix of four one-bedroom apartments and eight two-bedroom apartments. The property is supported by an existing RUBS program, designed to provide operational efficiency and expense recovery. Several units have been updated with luxury vinyl plank flooring and faux granite countertops, reflecting a continued interior renovation approach. Recent capital improvements include newer roofs.
The community includes mature landscaping with open green spaces and provides select homes with private patios or decks. Additional amenities include approximately 25 off-street parking spaces and a common laundry facility. The property is positioned in the Portland metro area near major employers including Intel and Nike and the broader Silicon Forest technology corridor.
The community includes mature landscaping with open green spaces and provides select homes with private patios or decks. Additional amenities include approximately 25 off-street parking spaces and a common laundry facility. The property is positioned in the Portland metro area near major employers including Intel and Nike and the broader Silicon Forest technology corridor.
Key Highlights
- 12‑unit multifamily community at 1120 NE 17th Ave, Hillsboro, OR, built in 1973
- Unit mix: four 1‑bedroom and eight 2‑bedroom apartments
- RUBS program in place to support strong in‑place cash flow and expense recovery
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1973 with four one-bedroom and eight two-bedroom units, plus approximately 25 off-street parking spaces and common laundry.
Where is this apartment building located?
The property is located at 1120 NE 17th Ave Hillsboro, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 12‑unit multifamily community at 1120 NE 17th Ave, Hillsboro, OR, built in 1973; Unit mix: four 1‑bedroom and eight 2‑bedroom apartments; RUBS program in place to support strong in‑place cash flow and expense recovery
