Duplex with Private
New
For Sale
$675,000
12380 SW WALNUT St, Tigard, OR 97223
MultiFamily, Tigard, OR
Property Size2,204 SF
Lot Size0.27 Acres
Price / SF$306.26
Days on Market2
Property Features for 12380 SW WALNUT St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R 4.5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3
Subdivision
Curl Acres
Elementary school
Mary Woodward
Middle school
Fowler
High school
Tigard
Directions
121st to Walnut, W on Walnut
Standard status
Active
APN
R473428
Size
2,204 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
CURL ACRES, BLOCK 2, LOT 2, ACRES 0.27
Tax Annual Amount
6689
Legal Description
CURL ACRES, BLOCK 2, LOT 2, ACRES 0.27
Utilities
Heating system
Baseboard
Building Details
Year built
1975
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott
(503) 624-2900
Listed By:
Blake Byzewski · License #201201040
(503) 679-8198
Added: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# 419914611
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 1975 duplex contains two mirrored, single-level units, each with 2 bedrooms, 2 bathrooms, and 1,102 square feet. Combined, the building offers 2,204 square feet on a 0.27-acre lot. Vaulted ceilings, fenced backyards, and mature fir trees are among the property’s features. Improvements include a roof replaced in 2020, water heaters installed in 2023, and several updated appliances. Heating is provided by baseboard systems, and the zoning is R 4.5.
The property is within 2 miles of Summerlake Park, Progress Ridge, and downtown Tigard, where shopping, dining, and recreation are nearby. Its two-unit configuration provides separate living spaces within one duplex property.
The property is within 2 miles of Summerlake Park, Progress Ridge, and downtown Tigard, where shopping, dining, and recreation are nearby. Its two-unit configuration provides separate living spaces within one duplex property.
Key Highlights
- Two mirrored units, each with 2 bedrooms, 2 bathrooms, and 1,102 square feet
- 2,204‑square‑foot duplex on a 0.27‑acre lot
- Single‑level layout with vaulted ceilings and fenced backyards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,137
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,740
$642.7K
Cap Rate 7%
$459,100
$459.1K
Cap Rate 9%
$357,078
$357.1K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$48.9K $22.20/SF
− Vacancy
−$3.0K −$1.37/SF
EGI
$45.9K $20.83/SF
− OpEx
−$13.8K −$6.25/SF
NOI
$32.1K $14.58/SF
Area
ZIP 97223
Vacancy
6.17%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,740
Cap Rate 7%
$459,100
Cap Rate 9%
$357,078
Alternative Uses
Best Use
Multifamily LT 5
$459.1K
$401.7K – $535.6K
NOI $32,137 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$408.0K
$357.0K – $476.0K
NOI $28,562 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$618.9K
$541.6K – $722.1K
NOI $43,326 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
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Business Placement
Demographics for 97223, OR
49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value
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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?
Duplex - Two single-level residences share a mirrored layout, with vaulted ceilings and separate fenced outdoor spaces.
Where is this duplex located?
The property is located at 12380 SW WALNUT St Tigard, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two mirrored units, each with 2 bedrooms, 2 bathrooms, and 1,102 square feet; 2,204‑square‑foot duplex on a 0.27‑acre lot; Single‑level layout with vaulted ceilings and fenced backyards
