Building Details

Building Size 862 SF

Year Built 1980

Stories 1

Listing Agency: Keller Williams Premier Partners

Listed By: Linsey Beattie · License #124170 Show Phone

Source: Kw

Added: May 23, 2025 Changed: Sep 29 Last Checked: Oct 5 at 4:43PM

Report an Issue

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.

This updated condo features 2 bedrooms and 1 bath, situated in the Greenwood Terrace community of Beaverton. The property has been updated with new paint, flooring, baseboards, heaters, kitchen countertops, and a new AC unit. The cabinets have been refinished. All appliances are included. The homeowner's association covers water, sewer, and garbage. The property includes two parking spaces and has no rent cap. The condo is located near walking trails, schools, parks, a recreation center, shopping, and downtown Beaverton. The property size is 862 square feet.

Key Highlights

• Move‑in ready with extensive recent updates including new paint, flooring, baseboards, heaters, AC unit, kitchen countertops, and refinished cabinets.
• Prime location: moments from walking trails, schools, parks, rec center, shopping, and downtown Beaverton.
• HOA covers water, sewer, and garbage.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,068

Cap Rate

4.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$221,360 $221.4K

Cap Rate 7%

$158,114 $158.1K

Cap Rate 9%

$122,978 $123.0K

Market Conditions

NOI Build-Up for 862 SF

Gross rent

$21.2K $24.60/SF

− Vacancy

−$1.1K −$1.25/SF

EGI

$20.1K $23.35/SF

− OpEx

−$9.1K −$10.51/SF

NOI

$11.1K $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 Rate 5%

$221,360

Cap Rate 7%

$158,114

Cap Rate 9%

$122,978

Alternative Uses

Best Use

Apartment 5plus

$158.1K

$138.4K – $184.5K (±1% cap)

NOI $11,068 @ 7.0% cap · market cap 4.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$232.7K

$203.6K – $271.5K (±1% cap)

NOI $16,287 @ 7.0% cap · market cap 6.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Barber Shop Food Market Law Firm Grocery & Convenience Store Storage Facility

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

Location Intelligence

Trade Area within ½ mile

774

Businesses Nearby

Explore this area Business Placement

Demographics for 97008, OR

29,632

Population

12,845

Households

2.3

Avg Household Size

39

Median Age

48%

College-Educated

95%

High-School Grad

5.3 sq mi

ZIP Area

5,591

Density / Sq Mi

$90,246

Median Household Income

$52,133

Median Earnings

$1,664

Median Rent

$555,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Move-in Ready Condo in Beaverton

770 NW 185TH AVE #203, Beaverton, OR 97006

$264,000

View details

Bright Corner Unit in Beaverton

13865 SW MERIDIAN ST #326, Beaverton, OR 97005

$305,000

View details

Spacious Townhouse-Style Condo in Beaverton

1664 NW ROLLING HILL DR, Beaverton, OR 97006

$217,500

View details

River Terrace Condo with Amenities

17168 SW SNOWDALE ST #403, Beaverton, OR 97007

$315,000

View details

Established Sushi Restaurant Business

16165 SW REGATTA Ln, Beaverton, OR 97006

$220,000

2,394 SF

View details

Sushi Restaurant Business

8166 SW HALL Blvd, Beaverton, OR 97008

$125,000

1.42 Acres

View details

Coffee Shop Business with Kitchen

14900 SW BARROWS Rd, Beaverton, OR 97007

$78,000

1,372 SF

View details

Updated Duplex

6364 SW 192ND Ave, Beaverton, OR 97078

$649,000

2,024 SF

View details

Updated Duplex Homes with Detached Garages

15789 SW VILLAGE Cir, Beaverton, OR 97007

$690,000

1,988 SF

View details

Drive-Through Coffee and Billboard Ground Lease

21150 SW Tualatin Valley Hwy, Beaverton, OR 97123

Contact for pricing

642 SF

View details

Beaverton Office Building For Sale

4340 SW 110th Ave, Beaverton, OR 97005

$625,000

View details

Single-Level Side-by-Side Duplex

14125 SW DAPHNE St, Beaverton, OR 97008

$699,000

2,370 SF

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Updated 2-bedroom condo in Beaverton, move-in ready with modern upgrades.

Where is this apartment building located?

The property is located at 12062 SW CONESTOGA DR Beaverton, OR.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: Move‑in ready with extensive recent updates including new paint, flooring, baseboards, heaters, AC unit, kitchen countertops, and refinished cabinets.; Prime location: moments from walking trails, schools, parks, rec center, shopping, and downtown Beaverton.; HOA covers water, sewer, and garbage.