Spacious Townhouse-Style Condo in
For Sale
$217,500
1664 NW ROLLING HILL DR, Beaverton, OR 97006
3 bed, 2 bath condo in park-like community with amenities.
Property Size1,454 SF
Days on Market462
Property Features for 1664 NW ROLLING HILL DR
General Information
Standard status
Active
Size
1,454 SF
Property subtype
Condominium
Amenities
Fireplace
Heat Pump
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Granite
Microwave
Range Hood
Deck, Composition
Building Details
Building Size
1,454 SF
Year Built
1978
Stories
2
Listing Agency:
Keller Williams Premier Partners
(503) 709-6151
Listed By:
Kaytee Binns · License #122565
(503) 709-6151
Source:
Kw
Added: May 16, 2025
Changed: Aug 8
Last Checked: Aug 18 at 10:39PM
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 Keller Williams Premier Partners
Investment Insights
Based on property information with market context.
Located within the Tanasbrook Condominiums, this spacious townhouse-style condominium features 3 bedrooms and 2 bathrooms. Set on 54 acres of ponds, greenways, and walking trails, the property is situated in a park-like community in Beaverton. The primary suite is located on the main level. The natural light-filled living and dining area provides an open flow. Upstairs, there are 2 additional bedrooms and an open loft suitable for a home office, playroom, or second living area. A low-maintenance backyard includes a deck. All appliances are included, such as a refrigerator, washer, and dryer. Water, sewer, and trash services are included in the HOA fees. Rentals are allowed, and RV parking is available for a monthly fee. Community amenities include a pool, sauna, clubhouse, playground, and tennis courts. The property is located near Columbia Sportswear, Costco, New Seasons, Nike, Intel, and other tech campuses, with access to shopping, dining, Highway 26, and public transit.
Key Highlights
- Prime location in Beaverton, close to major employers, shopping, dining, Highway 26, and transit.
- Resort‑style amenities including a pool, sauna, clubhouse, playground, and tennis courts within the Tanasbrook community.
- Spacious 3‑bedroom, 2‑bath townhouse‑style condo with a main‑level primary suite and a low‑maintenance backyard with a deck.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,669
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,380
$373.4K
Cap Rate 7%
$266,700
$266.7K
Cap Rate 9%
$207,433
$207.4K
Market Conditions
NOI Build-Up for 1,454 SF
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.
Gross rent
$35.8K $24.60/SF
− Vacancy
−$1.8K −$1.25/SF
EGI
$33.9K $23.35/SF
− OpEx
−$15.3K −$10.51/SF
NOI
$18.7K $12.84/SF
Area
Washington County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$373,380
Cap Rate 7%
$266,700
Cap Rate 9%
$207,433
Alternative Uses
Best Use
Apartment 5plus
$266.7K
$233.4K – $311.2K
NOI $18,669 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.5K
$343.4K – $457.9K
NOI $27,473 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 97006, OR
46,853
Population
19,383
Households
2.4
Avg Household Size
35
Median Age
50%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
6,507
Density / Sq Mi
$100,373
Median Household Income
$57,364
Median Earnings
$1,844
Median Rent
$535,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 3 bed, 2 bath condo in park-like community with amenities.
Where is this apartment building located?
The property is located at 1664 NW ROLLING HILL DR Beaverton, OR.
What is the asking price?
The asking price for this property is $217,500.
What are key features of this property?
This property features: Prime location in Beaverton, close to major employers, shopping, dining, Highway 26, and transit.; Resort‑style amenities including a pool, sauna, clubhouse, playground, and tennis courts within the Tanasbrook community.; Spacious 3‑bedroom, 2‑bath townhouse‑style condo with a main‑level primary suite and a low‑maintenance backyard with a deck.
