Quadplex with Individual
For Sale
$854,000
12195 SW SPUR Ct, Beaverton, OR 97008
MultiFamily, Beaverton, OR
Property Size3,508 SF
Lot Size0.24 Acres
Price / SF$243.44
Days on Market74
Property Features for 12195 SW SPUR Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RMA
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 9, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 8, Bathroom 5
Subdivision
Greenway
Elementary school
Greenway
Middle school
Conestoga
High school
Southridge
Directions
SW Scholls Ferry Road, N on SW 125th, R on Conestoga, L on Lookout Terrace, R on Spur Court.
Standard status
Active
APN
R245693
Size
3,508 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
GREENWAY NO.7, BLOCK 19, LOT 25, ACRES 0.24
Tax Annual Amount
9636
Legal Description
GREENWAY NO.7, BLOCK 19, LOT 25, ACRES 0.24
Utilities
Heating system
Baseboard
Amenities
deck
dishwasher
washer and dryer
ranges and refrigerators
energy-efficient vinyl windows
laminate floors
Building Details
Year built
1978
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Keller Williams Realty Professionals
(503) 546-9955
Listed By:
Andrew Berlinberg · License #200201085
(503) 780-5625
Added: Jul 6
Changed: Sep 16
Last Checked: Sep 17 at 8:06AM
MLS# 708430974
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 3,508-square-foot quadplex in Beaverton was built in 1978 and sits on a 0.24-acre parcel zoned RMA. Each of the four residences includes a private deck, dedicated parking space, dishwasher, washer, dryer, range, and refrigerator. Vinyl windows and laminate flooring in the living and dining areas provide durable finish elements, while baseboard heating serves the units. The composition roof is another existing building feature.
The property is located at 12195 SW SPUR Ct in the Greenway neighborhood, three blocks from Conestoga Recreation Center. The center includes two pools, two gyms, a dance and fitness room, weight room, classrooms, playground, seasonal splash pad, and programming. Greenway Elementary and Southridge High are also identified in the surrounding area. The property has a six percent cap rate based on current rents and 2025 expenses.
The property is located at 12195 SW SPUR Ct in the Greenway neighborhood, three blocks from Conestoga Recreation Center. The center includes two pools, two gyms, a dance and fitness room, weight room, classrooms, playground, seasonal splash pad, and programming. Greenway Elementary and Southridge High are also identified in the surrounding area. The property has a six percent cap rate based on current rents and 2025 expenses.
Key Highlights
- 3,508‑square‑foot quadplex on 0.24 acres
- Four units, each with a private deck and dedicated parking spot
- Each residence includes a dishwasher, washer, dryer, range, and refrigerator
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-unit residential property with dedicated parking, in-unit laundry, and appliance packages for each residence.
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: 3,508‑square‑foot quadplex on 0.24 acres; Four units, each with a private deck and dedicated parking spot; Each residence includes a dishwasher, washer, dryer, range, and refrigerator
