Duplex with Attached
For Sale
$589,000
1462 NE THOMAS Ct, Hillsboro, OR 97124
MULTI_FAMILY - Hillsboro, OR
Property Size2,088 SF
Price / SF$282.09
Days on Market48
Property Features for 1462 NE THOMAS Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MFR-1
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 1
Elementary school
Mooberry
Middle school
Poynter
High school
Glencoe
Directions
NE15th Ave & NE Thomas Ct.
Subdivision
_152
Standard status
Active
APN
R2075979
Size
2,088 SF
Taxes and HOA fees
Tax Description
LADYBUG MEADOW, LOT 5, ACRES 0.17
Tax Annual Amount
5176
Legal Description
LADYBUG MEADOW, LOT 5, ACRES 0.17
Building Details
Year built
1999
Number of units
2
Roof type
Composition
Listing Agency:
Oregon First
(503) 646-5006
Listed By:
Yi Liu
(971) 505-1318
Added: Jun 16
Changed: Aug 2
Last Checked: Aug 2 at 12:06PM
MLS# 456570947
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.
Well-maintained duplex built in 1999, featuring two tenant-occupied units. Each unit offers a functional 3-bedroom, 2-bathroom layout with approximately 1,044 square feet of living space and an attached garage. The roof is composition, and there is no HOA. Tenants pay all utilities, supporting straightforward operating expenses.
Both units have earned a Home Energy Score of 9, reflecting excellent energy efficiency. The property is located in Hillsboro, just minutes from Intel’s Jones Farm and Ronler Acres campuses, with easy access to Downtown Hillsboro, Highway 26, shopping, dining, parks, and other major employers.
Zoned MFR-1, this duplex structure provides an income-producing residential setup with in-place tenants and established utility responsibility.
Both units have earned a Home Energy Score of 9, reflecting excellent energy efficiency. The property is located in Hillsboro, just minutes from Intel’s Jones Farm and Ronler Acres campuses, with easy access to Downtown Hillsboro, Highway 26, shopping, dining, parks, and other major employers.
Zoned MFR-1, this duplex structure provides an income-producing residential setup with in-place tenants and established utility responsibility.
Key Highlights
- Built in 1999 with composition roof
- Zoned MFR‑1 duplex with two tenant‑occupied units
- Each unit offers 3 bedrooms, 2 bathrooms, and ~1,044 SF
Financial Insights For Multifamily LT 5
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 | $47.4k | $22.68 |
| − Vacancy | −$2.6k | −$1.22 |
| EGI | $44.8k | $21.46 |
| − OpEx | −$13.4k | −$6.44 |
| NOI | $31.4k | $15.02 |
2,088 SF · lease $22.68/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$448.0K
$392.0K – $522.7K
NOI $31,359 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$394.8K
$345.4K – $460.6K
NOI $27,633 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$560.7K
$490.6K – $654.2K
NOI $39,249 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
Explore this area
Business Placement
Demographics for 97124, OR
53,487
Population
22,176
Households
2.4
Avg Household Size
35
Median Age
47%
College-Educated
93%
High-School Grad
45.1 sq mi
ZIP Area
1,186
Density / Sq Mi
$107,063
Median Household Income
$54,463
Median Earnings
$1,918
Median Rent
$518,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained Hillsboro duplex zoned MFR-1 with tenant-occupied units, attached garages, and tenants paying all utilities.
Where is this duplex located?
The property is located at 1462 NE THOMAS Ct Hillsboro, OR.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Built in 1999 with composition roof; Zoned MFR‑1 duplex with two tenant‑occupied units; Each unit offers 3 bedrooms, 2 bathrooms, and ~1,044 SF
