Tigard Apartments with Private
12437 SW Hall Blvd, Tigard, OR 97223
Twelve-unit apartment community in Tigard, Oregon with desirable layouts.
Type:Multifamily
Property size:
9,600 SFPrice / SF:
$243/SF- Added:
- Jan 29, 2026
- Days on Market:
- 149
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 12437 SW Hall Blvd
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing office Marcus & Millichap - Portland
Listing date Jan 29, 2026
Source Crexi
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 Marcus & Millichap - Portland
HighLights
- Prime Tigard Location: Easy access to retail, dining, major employment centers, and transportation.
- Desirable Unit Layouts: Features spacious two‑bedroom and one three‑bedroom unit appealing to long‑term tenants.
- Private Fenced Backyards: Each unit includes a private fenced backyard, creating a single‑family home feel.
- Washer and Dryer Hookups: All units are equipped with washer and dryer hookups.
- Value‑Add Opportunity: Select units feature interior upgrades with potential for future renovations to drive rental growth.
- Stabilized Multifamily Asset: Provides durable cash flow and long‑term investment potential.
Overview
Hall Boulevard Apartments is a twelve-unit apartment community located along SW Hall Boulevard in Tigard, Oregon. The property benefits from its central Tigard location, providing residents with access to retail, dining, major employment centers, and main transportation corridors. The site also provides connectivity to primary highways, allowing for travel throughout Tigard and the greater Portland metropolitan area. The property is comprised entirely of two-bedroom, one-bath duplex-style units and one three-bedroom, one-bath unit. Each unit features a private fenced backyard. All units are equipped with washer and dryer hookups. Select units feature interior upgrades, including upgraded flooring, refinished cabinetry, and updated countertops. The property is a stabilized multifamily asset with attractive unit layouts.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $241.9k | $25.20 |
| − Vacancy | −$15.7k | −$1.64 |
| EGI | $226.2k | $23.56 |
| − OpEx | −$101.8k | −$10.60 |
| NOI | $124.4k | $12.96 |
9,600 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.07M
NOI $124,407 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,714 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Tigard
- County
- Washington
- State
- Oregon
- Longitude
- -122.7651007
- Latitude
- 45.4301209
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Twelve-unit apartment community in Tigard, Oregon with desirable layouts.
Where is this apartment building located?
The property is located at 12437 SW Hall Blvd Tigard, OR.
What is the asking price?
The asking price for this property is $2,340,000.
What are key features of this property?
This property features: Prime Tigard Location: Easy access to retail, dining, major employment centers, and transportation.; Desirable Unit Layouts: Features spacious two‑bedroom and one three‑bedroom unit appealing to long‑term tenants.; Private Fenced Backyards: Each unit includes a private fenced backyard, creating a single‑family home feel.
