Two-Unit Duplex with
New
For Sale
$475,000
14737 SW HALL Blvd, Tigard, OR 97224
MultiFamily, Tigard, OR
Property Size1,560 SF
Price / SF$304.49
Days on Market5
Property Features for 14737 SW HALL Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res B
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Subdivision
PINEBROOK TERRACE
Elementary school
Templeton
Middle school
Twality
High school
Tigard
Directions
SW Hall Bl south of Bonita
Standard status
Active
APN
R501317
Size
1,560 SF
Taxes and HOA fees
Tax Description
PINEBROOK TERRACE, LOT PT 82, ACRES 0.21
Tax Annual Amount
3517
Legal Description
PINEBROOK TERRACE, LOT PT 82, ACRES 0.21
Utilities
Heating system
Baseboard
Amenities
private patio
Building Details
Year built
1966
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Premiere Property Group, LLC
(503) 670-9000
Listed By:
John McKay · License #201207149
(503) 702-5529
Added: Sep 30
Last Checked: Oct 4 at 6:06PM
MLS# 466184561
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 1,560-square-foot duplex contains two residences, each with two bedrooms, one bathroom, and a private patio. Month-to-month renters occupy both units. The property was built in 1966 and has baseboard heating, double-pane vinyl windows, and a composition roof installed in 2024.
At 14737 SW Hall Blvd in Tigard, the duplex sits on a cul-de-sac just off Hall Boulevard and backs to green space. The property is zoned Res B.
At 14737 SW Hall Blvd in Tigard, the duplex sits on a cul-de-sac just off Hall Boulevard and backs to green space. The property is zoned Res B.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,560 square feet; built in 1966
- Both units occupied by month‑to‑month renters
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
$20,030
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
4.22%
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%
$400,600
$400.6K
Cap Rate 7%
$286,143
$286.1K
Cap Rate 9%
$222,556
$222.6K
Market Conditions
NOI Build-Up for 1,560 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
$38.4K $24.60/SF
− Vacancy
−$2.0K −$1.25/SF
EGI
$36.4K $23.35/SF
− OpEx
−$16.4K −$10.51/SF
NOI
$20.0K $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%
$400,600
Cap Rate 7%
$286,143
Cap Rate 9%
$222,556
Alternative Uses
Best Use
Apartment 5plus
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 4.22%
Second Best
Multifamily LT 5
$273.6K
$239.4K – $319.2K
NOI $19,154 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$421.1K
$368.5K – $491.3K
NOI $29,476 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 97224, OR
37,365
Population
15,938
Households
2.3
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
4,152
Density / Sq Mi
$94,456
Median Household Income
$55,802
Median Earnings
$1,693
Median Rent
$579,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, one bathroom, and an individual outdoor patio.
Where is this duplex located?
The property is located at 14737 SW HALL Blvd Tigard, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,560 square feet; built in 1966; Both units occupied by month‑to‑month renters
