Updated Duplex with Detached
New
For Sale
$720,000
15789 SW Village CIR, Beaverton, OR 97007
Two single-level residences support flexible owner-occupant, multigenerational, or rental arrangements.
Property Size1,988 SF
Price / SF$362.17
Days on Market4
Property Features for 15789 SW Village CIR
General Information
Standard status
Active
Size
1,988 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Additional Details
HOA Fee
$124
Multifamily Units
2
Amenities
seasonal community pools
hot tub
trails
Building Details
Year Built
1973
Year Renovated
2019
Buildings
1
Listing Agency:
Real Broker
(503) 799-0220
Listed By:
Nick Shivers Team | eXp Realty
(503) 594-0805
Source:
Nickshivers
Added: Sep 19
Changed: Sep 21
Last Checked: Sep 21 at 6:11AM
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 Real Broker
Investment Insights
Based on property information with market context.
Built in 1973, this 1,988-square-foot duplex includes two single-level residences with detached garages and an additional parking space in front of each garage. Both sides were updated in 2019 with new windows, flooring, water heaters, gutters, kitchens, and bathrooms. Each home features an open great-room layout, skylights, a fireplace, and a sliding door leading to a deck. The property also offers a large fenced yard with private outdoor space.
Located at 15789 SW Village CIR in Beaverton, the duplex sits in a cul-de-sac beside green space and the Westside Regional Trail. Four Seasons amenities include community trails, seasonal pools, and a hot tub. Both units have mini-splits installed in 2021, while new furnaces were installed in 2025 and 2026. One unit is leased month-to-month.
Located at 15789 SW Village CIR in Beaverton, the duplex sits in a cul-de-sac beside green space and the Westside Regional Trail. Four Seasons amenities include community trails, seasonal pools, and a hot tub. Both units have mini-splits installed in 2021, while new furnaces were installed in 2025 and 2026. One unit is leased month-to-month.
Key Highlights
- Two 1‑level homes totaling 1,988 SF
- Both units updated in 2019 with new windows, flooring, kitchens, bathrooms, water heaters, and gutters
- Detached garage and an additional parking spot for each side
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
$25,526
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
3.55%
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%
$510,520
$510.5K
Cap Rate 7%
$364,657
$364.7K
Cap Rate 9%
$283,622
$283.6K
Market Conditions
NOI Build-Up for 1,988 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
$48.9K $24.60/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$46.4K $23.35/SF
− OpEx
−$20.9K −$10.51/SF
NOI
$25.5K $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%
$510,520
Cap Rate 7%
$364,657
Cap Rate 9%
$283,622
Alternative Uses
Best Use
Apartment 5plus
$364.7K
$319.1K – $425.4K
NOI $25,526 @ 7.0% cap · market cap 3.55%
Second Best
Multifamily LT 5
$348.7K
$305.1K – $406.8K
NOI $24,410 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$536.6K
$469.5K – $626.1K
NOI $37,563 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
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Business Placement
Demographics for 97007, OR
48,280
Population
19,420
Households
2.5
Avg Household Size
39
Median Age
54%
College-Educated
94%
High-School Grad
18.7 sq mi
ZIP Area
2,582
Density / Sq Mi
$116,667
Median Household Income
$62,446
Median Earnings
$1,792
Median Rent
$582,700
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 - Two single-level residences support flexible owner-occupant, multigenerational, or rental arrangements.
Where is this duplex located?
The property is located at 15789 SW Village CIR Beaverton, OR.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Two 1‑level homes totaling 1,988 SF; Both units updated in 2019 with new windows, flooring, kitchens, bathrooms, water heaters, and gutters; Detached garage and an additional parking spot for each side
