Two-Unit Duplex with Private
For Sale
$549,000
1540 SE BUSH A AND B St, Hillsboro, OR 97123
MultiFamily, Hillsboro, OR
Property Size1,568 SF
Lot Size0.18 Acres
Price / SF$350.13
Days on Market48
Property Features for 1540 SE BUSH A AND B St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MR1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Elementary school
W.L. Henry
Middle school
South Meadows
High school
Hillsboro
Directions
From TV HWY, North on SE 13th Ave, Right on SE Spruce St, Right on SE 15th Ave turns into Bush St.
Subdivision
_152
Standard status
Active
APN
R319328
Size
1,568 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
BUSH SUBDIVISION, LOT PT 42, ACRES 0.18
Tax Annual Amount
3789
Legal Description
BUSH SUBDIVISION, LOT PT 42, ACRES 0.18
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Amenities
washer and dryer hookups
private patios and yard space
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
The Kelly Group Real Estate
Listed By:
Kelly Hagglund
(503) 538-4531
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 18 at 3:06PM
MLS# 707233148
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.
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Investment Insights
Based on property information with market context.
This 1965 duplex contains 1,568 square feet across two residences, with approximately 784 square feet per unit. Each layout includes two bedrooms, one bathroom, an attached 1-car garage, washer and dryer hookups, and sliding-door access to a private patio and yard area. Forced-air heating, window-unit cooling, and a composition roof serve the property. Unit B is vacant and available for showing.
The 0.18-acre property is located in Hillsboro, less than 2 miles from Old Town Hillsboro and its shops, restaurants, theaters, and other local services. Zoning is MR1, and the property is identified as 1540 SE BUSH A AND B St, Hillsboro, OR 97123.
The 0.18-acre property is located in Hillsboro, less than 2 miles from Old Town Hillsboro and its shops, restaurants, theaters, and other local services. Zoning is MR1, and the property is identified as 1540 SE BUSH A AND B St, Hillsboro, OR 97123.
Key Highlights
- Two‑unit duplex totaling 1,568 square feet
- Each unit offers approximately 784 square feet with 2 bedrooms and 1 bathroom
- Attached 1‑car garage and washer and dryer hookups for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,549
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,980
$471.0K
Cap Rate 7%
$336,414
$336.4K
Cap Rate 9%
$261,656
$261.7K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$35.6K $22.68/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$33.6K $21.46/SF
− OpEx
−$10.1K −$6.44/SF
NOI
$23.5K $15.02/SF
Area
Hillsboro, OR
Vacancy
5.40%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,980
Cap Rate 7%
$336,414
Cap Rate 9%
$261,656
Alternative Uses
Best Use
Multifamily LT 5
$336.4K
$294.4K – $392.5K
NOI $23,549 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$296.4K
$259.4K – $345.9K
NOI $20,751 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$421.1K
$368.4K – $491.3K
NOI $29,475 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 97123, OR
48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
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
Frequently Asked Questions
What type of property is this?
Duplex - MR1-zoned residential property with attached garages, laundry hookups, and access to individual outdoor areas.
Where is this duplex located?
The property is located at 1540 SE BUSH A AND B St Hillsboro, OR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,568 square feet; Each unit offers approximately 784 square feet with 2 bedrooms and 1 bathroom; Attached 1‑car garage and washer and dryer hookups for each unit
