Fourplex with Private
For Sale
$854,000
12195 Sw Spur Ct, Beaverton, OR 97008
Four residential units feature private decks, appliances, laundry equipment, and assigned parking.
Property Size3,508 SF
Price / SF$243.44
Days on Market8
Property Features for 12195 Sw Spur Ct
General Information
Standard status
Active
Size
3,508 SF
Property subtype
Multi-Family
Financials
Cap Rate
6%
Gross Income
$77,640
Additional Details
Multifamily Units
4
Amenities
deck
dedicated parking spot
dishwasher
washer and dryer
ranges and refrigerators
Building Details
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty Professionals
Listed By:
Andrew Berlinberg · License #200201085
(503) 546-9955
Source:
Southwestwahomefinder
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 22 at 5:15PM
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 Realty Professionals
Investment Insights
Based on property information with market context.
This 3,508-square-foot fourplex, built in 1978, contains four residential units with practical in-unit features. Every unit includes a private deck, dedicated parking spot, dishwasher, washer, dryer, range, and refrigerator. Energy-efficient vinyl windows and laminate flooring in the living and dining areas support straightforward maintenance.
The property is located three blocks from Conestoga Recreation and Aquatic Center, which offers pools, gyms, fitness facilities, classrooms, a playground, seasonal water features, and community programming. Greenway Elementary and Southridge High School are also identified nearby. Three tenants have remained in place since 2009, 2010, and 2013, and the property is reported at a 6% cap rate based on current rents and 2025 expenses.
The property is located three blocks from Conestoga Recreation and Aquatic Center, which offers pools, gyms, fitness facilities, classrooms, a playground, seasonal water features, and community programming. Greenway Elementary and Southridge High School are also identified nearby. Three tenants have remained in place since 2009, 2010, and 2013, and the property is reported at a 6% cap rate based on current rents and 2025 expenses.
Key Highlights
- Fourplex totaling 3,508 square feet
- 6% cap rate based on current rents and 2025 expenses
- Each unit includes a private deck and dedicated parking spot
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
$45,043
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
5.27%
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%
$900,860
$900.9K
Cap Rate 7%
$643,471
$643.5K
Cap Rate 9%
$500,478
$500.5K
Market Conditions
NOI Build-Up for 3,508 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
$86.3K $24.60/SF
− Vacancy
−$4.4K −$1.25/SF
EGI
$81.9K $23.35/SF
− OpEx
−$36.9K −$10.51/SF
NOI
$45.0K $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%
$900,860
Cap Rate 7%
$643,471
Cap Rate 9%
$500,478
Alternative Uses
Best Use
Apartment 5plus
$643.5K
$563.0K – $750.7K
NOI $45,043 @ 7.0% cap · market cap 5.27%
Second Best
Multifamily LT 5
$615.3K
$538.4K – $717.9K
NOI $43,073 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$946.9K
$828.5K – $1.10M
NOI $66,283 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature private decks, appliances, laundry equipment, and assigned parking.
Where is this quadplex located?
The property is located at 12195 Sw Spur Ct Beaverton, OR.
What is the asking price?
The asking price for this property is $854,000.
What are key features of this property?
This property features: Fourplex totaling 3,508 square feet; 6% cap rate based on current rents and 2025 expenses; Each unit includes a private deck and dedicated parking spot
