Updated
New
For Sale
$650,000
14853 NW HUNTERS DR, Beaverton, OR 97006
One residence is vacant and refreshed, while the other is occupied by a month-to-month tenant.
Property Size2,486 SF
Days on Market5
Property Features for 14853 NW HUNTERS DR
General Information
Standard status
Active
Size
2,486 SF
Total Parking Spaces
4
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$5,372
Amenities
fireplace
patio
fenced backyard
Building Details
Building Size
2,486 SF
Year Built
1980
Tenancy
Single
Listing Agency:
John L. Scott
Listed By:
Marie Conser
(503) 459-2726
Source:
Eleeterealestate
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 3 at 2:48AM
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 John L. Scott
Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two matching 3-bedroom, 2-bathroom homes. Each has a main-floor great room with a fireplace, two additional bedrooms and a full bath; the upper level holds the primary suite. Both residences also feature an attached 1-car garage, a driveway space, and a rear patio leading to a fenced backyard that backs to Willow Creek and a greenway.
The vacant home has new flooring throughout, fresh interior and exterior paint, quartz kitchen counters and appliances. Its bathrooms have also been updated with new tubs and showers, toilets, lighting, faucets, mirrors and flooring. The occupied residence has updated kitchen and bathroom finishes and a long-term month-to-month tenant.
The property offers access to Hwy 26 and is near Columbia Sportswear, Nike, Intel and Providence St. Vincent, as well as shopping and dining in Cedar Mill, Cedar Hills and Tanasbourne.
The vacant home has new flooring throughout, fresh interior and exterior paint, quartz kitchen counters and appliances. Its bathrooms have also been updated with new tubs and showers, toilets, lighting, faucets, mirrors and flooring. The occupied residence has updated kitchen and bathroom finishes and a long-term month-to-month tenant.
The property offers access to Hwy 26 and is near Columbia Sportswear, Nike, Intel and Providence St. Vincent, as well as shopping and dining in Cedar Mill, Cedar Hills and Tanasbourne.
Key Highlights
- Two matching homes, each with 3 bedrooms and 2 bathrooms
- One residence is vacant; the other has a long‑term month‑to‑month tenant
- Vacant home refreshed with new flooring, interior and exterior paint, quartz counters and appliances
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
$31,920
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
4.91%
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%
$638,400
$638.4K
Cap Rate 7%
$456,000
$456.0K
Cap Rate 9%
$354,667
$354.7K
Market Conditions
NOI Build-Up for 2,486 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
$61.2K $24.60/SF
− Vacancy
−$3.1K −$1.25/SF
EGI
$58.0K $23.35/SF
− OpEx
−$26.1K −$10.51/SF
NOI
$31.9K $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%
$638,400
Cap Rate 7%
$456,000
Cap Rate 9%
$354,667
Alternative Uses
Best Use
Apartment 5plus
$456.0K
$399.0K – $532.0K
NOI $31,920 @ 7.0% cap · market cap 4.91%
Second Best
Multifamily LT 5
$436.1K
$381.6K – $508.7K
NOI $30,524 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$671.0K
$587.2K – $782.9K
NOI $46,972 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 97006, OR
46,853
Population
19,383
Households
2.4
Avg Household Size
35
Median Age
50%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
6,507
Density / Sq Mi
$100,373
Median Household Income
$57,364
Median Earnings
$1,844
Median Rent
$535,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is vacant and refreshed, while the other is occupied by a month-to-month tenant.
Where is this duplex located?
The property is located at 14853 NW HUNTERS DR Beaverton, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two matching homes, each with 3 bedrooms and 2 bathrooms; One residence is vacant; the other has a long‑term month‑to‑month tenant; Vacant home refreshed with new flooring, interior and exterior paint, quartz counters and appliances
