Four-Unit Apartment
For Sale
$844,000
13397 SW 17TH St, Beaverton, OR 97008
MultiFamily, Beaverton, OR
Property Size3,722 SF
Lot Size0.21 Acres
Price / SF$226.76
Days on Market425
Property Features for 13397 SW 17TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
multi
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Subdivision
HYLAND HILLS
Elementary school
Fir Grove
Middle school
Highland Park
High school
Southridge
Directions
SW Allen Blvd to Valley Ave. to SW 17th
Standard status
Active
APN
R172556
Size
3,722 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
CHANNING HEIGHTS, LOT 6
Tax Annual Amount
9086
Legal Description
CHANNING HEIGHTS, LOT 6
Utilities
Heating system
Baseboard
Building Details
Year built
1974
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Redfin
(503) 496-7620
Listed By:
Jason Maycumber
(503) 805-9197
Added: Jul 11, 2025
Changed: Sep 3
Last Checked: Sep 8 at 3:06AM
MLS# 100330819
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 3,722-square-foot quadplex, built in 1974, contains four apartments: one three-bedroom, one-bath unit; two two-bedroom, one-bath units; and one one-bedroom, one-bath unit. Each apartment has an assigned covered parking space, while baseboard heating serves the property. The composition roof systems on the main building and carports were replaced in 2022.
One apartment has received updated paint, window blinds, baseboard heaters, bathroom sinks, a dishwasher, subflooring, and vinyl flooring. All four tenancies are month to month. The property is located in Beaverton, Oregon, near parks, schools, shopping, and public transportation.
One apartment has received updated paint, window blinds, baseboard heaters, bathroom sinks, a dishwasher, subflooring, and vinyl flooring. All four tenancies are month to month. The property is located in Beaverton, Oregon, near parks, schools, shopping, and public transportation.
Key Highlights
- Four‑unit property with one 3 bed/1 bath, two 2 bed/1 bath, and one 1 bed/1 bath apartments
- 3,722 square feet on 0.21 acres
- New composition 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
5.66%
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 5.66%
Second Best
Multifamily LT 5
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,326 @ 7.0% cap · market cap 8.33%
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 apartments offer a varied unit mix, covered parking, and month-to-month tenancy arrangements.
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 $844,000.
What are key features of this property?
This property features: Four‑unit property with one 3 bed/1 bath, two 2 bed/1 bath, and one 1 bed/1 bath apartments; 3,722 square feet on 0.21 acres; New composition roofs on the main building and carports in 2022
