Beaverton Quadplex with Covered
For Sale
$864,000
13397 SW 17TH ST, Beaverton, OR 97008
Four-unit multifamily property with varied floor plans, assigned carport parking, and multi-family zoning.
Property Size3,722 SF
Price / SF$232.13
Days on Market416
Property Features for 13397 SW 17TH ST
General Information
Standard status
Active
Size
3,722 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
multi
Net Operating Income
$38,057
Units
Unit Mix
1 x 3BR/1BA, 2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Parking per Unit
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,086
Amenities
CrawlSpace
Electricity
UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4
3
2
1
Dishwasher,Range,WasherDryer,WasherDryerHookup
1400
1200
1080
Level
PublicWater
4.0
0.21
Assigned,Carport
Paved
3722.0
Aluminum
Building Details
Building Size
3,722 SF
Year Built
1974
Stories
2
Listing Agency:
WPI Real Estate Services, Inc.
(503) 739-6670
Listed By:
Blanca Casillas · License #201241049
(503) 739-6670
Source:
Premierepropertygroup
Added: Jul 11, 2025
Changed: Aug 30
Last Checked: Aug 30 at 3:19AM
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 WPI Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This 3,722-square-foot quadplex, built in 1974, contains four units with a mix of one three-bedroom/one-bath residence, two two-bedroom/one-bath residences, and one one-bedroom/one-bath residence. Each unit has an assigned covered parking space, and the property includes carports, a paved surface, public water, electricity, and crawl spaces. Interior equipment includes dishwashers and ranges, with washer and dryer or washer and dryer hookups identified among the units.
One residence has received new paint, window blinds, baseboard heaters, bathroom sinks, a dishwasher, bathroom subfloor, and vinyl flooring. Roofs serving the main building and carports were replaced in 2022. All units are occupied under month-to-month arrangements. The property is zoned multi and is located near parks, schools, shopping, and public transportation in Beaverton.
One residence has received new paint, window blinds, baseboard heaters, bathroom sinks, a dishwasher, bathroom subfloor, and vinyl flooring. Roofs serving the main building and carports were replaced in 2022. All units are occupied under month-to-month arrangements. The property is zoned multi and is located near parks, schools, shopping, and public transportation in Beaverton.
Key Highlights
- 3,722 SF quadplex with 4 residential units
- Unit mix: (1) 3 bed/1 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath
- New roofs on the main building and carports in 2022
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
$47,790
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
5.53%
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%
$955,800
$955.8K
Cap Rate 7%
$682,714
$682.7K
Cap Rate 9%
$531,000
$531.0K
Market Conditions
NOI Build-Up for 3,722 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
$91.6K $24.60/SF
− Vacancy
−$4.7K −$1.25/SF
EGI
$86.9K $23.35/SF
− OpEx
−$39.1K −$10.51/SF
NOI
$47.8K $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%
$955,800
Cap Rate 7%
$682,714
Cap Rate 9%
$531,000
Alternative Uses
Best Use
Apartment 5plus
$682.7K
$597.4K – $796.5K
NOI $47,790 @ 7.0% cap · market cap 5.53%
Second Best
Multifamily LT 5
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,326 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
488
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property with varied floor plans, assigned carport parking, and multi-family zoning.
Where is this quadplex located?
The property is located at 13397 SW 17TH ST Beaverton, OR.
What is the asking price?
The asking price for this property is $864,000.
What are key features of this property?
This property features: 3,722 SF quadplex with 4 residential units; Unit mix: (1) 3 bed/1 bath, (2) 2 bed/1 bath, and (1) 1 bed/1 bath; New roofs on the main building and carports in 2022
