One-Level Duplex with
New
For Sale
$595,000
1574 SE SPRUCE St, Hillsboro, OR 97123
MULTI_FAMILY - Hillsboro, OR
Property Size2,010 SF
Lot Size0.25 Acres
Price / SF$296.02
Days on Market3
Property Features for 1574 SE SPRUCE St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-7
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3
Elementary school
W.L. Henry
Middle school
South Meadows
High school
Hillsboro
Directions
Se 116th Ave to SE 113th Ave.
Subdivision
_152
Standard status
Active
APN
R319195
Size
2,010 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
BUSH SUBDIVISION, LOT 38, ACRES 0.25
Tax Annual Amount
3900
Legal Description
BUSH SUBDIVISION, LOT 38, ACRES 0.25
Utilities
Heating system
Forced Air
Amenities
in-home laundry
ceiling fans
fireplace
covered deck
patio
sprinkler system
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
RE/MAX Equity Group · RE/MAX International
(503) 287-8989
Listed By:
Jeff Walker · License #138911
(503) 914-2784
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 5 at 4:06PM
MLS# 321786032
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 one-level duplex in Hillsboro, Oregon, contains two 2-bedroom, 1-bath units within 2,010 square feet. Each unit includes an attached one-car garage, in-home laundry with a utility sink, ceiling fans, and defined living and dining areas. One unit is vacant and includes an updated kitchen with new cabinets and luxury vinyl plank flooring, while the other has a fireplace and covered deck. The property was built in 1961 and has forced-air heating and a composition roof.
Set on a 0.25-acre corner lot, the property includes a grassy backyard with a sprinkler system supplied by well water. The R-7-zoned setting is near neighborhood shopping, dining, and everyday amenities. The occupied unit has long-term tenants, and the vacant unit is available to show by appointment.
Set on a 0.25-acre corner lot, the property includes a grassy backyard with a sprinkler system supplied by well water. The R-7-zoned setting is near neighborhood shopping, dining, and everyday amenities. The occupied unit has long-term tenants, and the vacant unit is available to show by appointment.
Key Highlights
- Two 2‑bedroom, 1‑bath units totaling 2,010 square feet
- Each unit includes an attached one‑car garage and in‑home laundry
- 0.25‑acre corner lot with a grassy backyard and well‑water sprinkler system
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 | $45.6k | $22.68 |
| − Vacancy | −$2.5k | −$1.22 |
| EGI | $43.1k | $21.46 |
| − OpEx | −$12.9k | −$6.44 |
| NOI | $30.2k | $15.02 |
2,010 SF · lease $22.68/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$431.3K
$377.4K – $503.1K
NOI $30,188 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$539.8K
$472.3K – $629.7K
NOI $37,783 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
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
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 - Corner-lot duplex offers owner-occupant flexibility, separate laundry areas, and outdoor space for both residential units.
Where is this duplex located?
The property is located at 1574 SE SPRUCE St Hillsboro, OR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units totaling 2,010 square feet; Each unit includes an attached one‑car garage and in‑home laundry; 0.25‑acre corner lot with a grassy backyard and well‑water sprinkler system
