Four-Unit Duplex
For Sale
$1,100,000
1540 SE Bush ST, Hillsboro, OR 97123
Two adjoining duplexes provide individual garages, laundry hookups, and private outdoor areas for each residence.
Property Size3,108 SF
Price / SF$353.93
Days on Market52
Property Features for 1540 SE Bush ST
General Information
Standard status
Active
Size
3,108 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Amenities
washer/dryer hookups
private patio/yard
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Roffman Real Estate Investments, LLC
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Sep 2
Changed: Oct 21
Last Checked: Oct 20 at 7:51PM
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 Roffman Real Estate Investments, LLC
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Investment Insights
Based on property information with market context.
This quadplex consists of two adjoining duplexes containing four residential units. Each home offers two bedrooms, one bathroom, approximately 784 square feet of living space, and an attached one-car garage. Washer and dryer hookups are included, while sliding doors connect the interiors to private patio and yard areas. Unit D has received substantial remodeling and upgrades, and Unit B is vacant for showings. Unit C currently receives a rent discount in exchange for landscaping services.
The property is located in Hillsboro, less than 2 miles from Old Town Hillsboro and its shops, restaurants, theaters, and everyday amenities. The larger lot may offer commercial zoning opportunities following county changes, subject to buyer verification of zoning, permitted uses, and development potential. The four units are offered together with existing rental operations.
The property is located in Hillsboro, less than 2 miles from Old Town Hillsboro and its shops, restaurants, theaters, and everyday amenities. The larger lot may offer commercial zoning opportunities following county changes, subject to buyer verification of zoning, permitted uses, and development potential. The four units are offered together with existing rental operations.
Key Highlights
- Four units arranged as two adjoining duplexes
- Each unit includes 2 bedrooms, 1 bath, and approximately 784 square feet
- Attached 1‑car garage provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,678
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$933,560
$933.6K
Cap Rate 7%
$666,829
$666.8K
Cap Rate 9%
$518,644
$518.6K
Market Conditions
NOI Build-Up for 3,108 SF
Gross rent
$70.5K $22.68/SF
− Vacancy
−$3.8K −$1.22/SF
EGI
$66.7K $21.46/SF
− OpEx
−$20.0K −$6.44/SF
NOI
$46.7K $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%
$933,560
Cap Rate 7%
$666,829
Cap Rate 9%
$518,644
Alternative Uses
Best Use
Multifamily LT 5
$666.8K
$583.5K – $778.0K
NOI $46,678 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$587.6K
$514.2K – $685.5K
NOI $41,132 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$834.6K
$730.3K – $973.7K
NOI $58,423 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two adjoining duplexes provide individual garages, laundry hookups, and private outdoor areas for each residence.
Where is this quadplex located?
The property is located at 1540 SE Bush ST Hillsboro, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four units arranged as two adjoining duplexes; Each unit includes 2 bedrooms, 1 bath, and approximately 784 square feet; Attached 1‑car garage provided for every unit
