Modern Townhome-Style Apartment
For Sale
Contact for pricing
17345 Southwest Blanton Street, Beaverton, OR 97078
Nine townhome-style residences feature updated interiors, private covered balconies, and in-unit laundry.
Property Size7,965 SF
Price / SF$244.82
Days on Market9
Property Features for 17345 Southwest Blanton Street
General Information
Standard status
Active
Size
7,965 SF
Total Parking Spaces
14
Property subtype
Multifamily
Zoning
R24
Investment Type
Stabilized
Net Operating Income
$108,824
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
9 x 2BR/1.5BA
Multifamily Units
9
Additional Details
Asking Price
$1,950,000
Amenities
quartz countertops
stainless steel appliances
tile backsplashes
hardwood flooring on the main level
in-unit washers and dryers
covered balconies
covered bicycle storage
Building Details
Year Built
2017
Buildings
1
Units
9
Listing Agency:
Barry Investment Real Estate
(503) 546-9390
Listed By:
Phillip Barry · License #200807134
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 5:45PM
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 Barry Investment Real Estate
Investment Insights
Based on property information with market context.
Built in 2017, this apartment community contains nine two-bedroom, one-and-one-half-bath townhome-style residences, each approximately 885 square feet. Interior features include quartz countertops, stainless steel appliances, tile backsplashes, hardwood flooring on the main level, and in-unit washers and dryers. Covered balconies and covered bicycle storage add functional resident amenities. The property totals 7,965 square feet and is zoned R24.
Recent property work includes upgraded replacements for the majority of kitchen appliances, replacement of all toilets, and replacement of most washers and dryers with full-size stack units. Routine maintenance has also been performed as needed. A utility bill-back program is not currently in place. The community is located at 17345 Southwest Blanton Street in Beaverton, with access to Highway 26 and Tualatin Valley Highway. Nearby employment centers identified for the property include Nike World Headquarters and Intel's Aloha Campus, with shopping, dining, parks, and public transportation in the surrounding area.
Recent property work includes upgraded replacements for the majority of kitchen appliances, replacement of all toilets, and replacement of most washers and dryers with full-size stack units. Routine maintenance has also been performed as needed. A utility bill-back program is not currently in place. The community is located at 17345 Southwest Blanton Street in Beaverton, with access to Highway 26 and Tualatin Valley Highway. Nearby employment centers identified for the property include Nike World Headquarters and Intel's Aloha Campus, with shopping, dining, parks, and public transportation in the surrounding area.
Key Highlights
- Nine‑unit apartment community built in 2017
- Nine two‑bedroom, one‑and‑one‑half‑bath townhome‑style residences, each approximately 885 square feet
- 7,965‑square‑foot property zoned R24
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
$102,270
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
5.24%
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%
$2,045,400
$2.0M
Cap Rate 7%
$1,461,000
$1.5M
Cap Rate 9%
$1,136,333
$1.1M
Market Conditions
NOI Build-Up for 7,965 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
$195.9K $24.60/SF
− Vacancy
−$10.0K −$1.25/SF
EGI
$185.9K $23.35/SF
− OpEx
−$83.7K −$10.51/SF
NOI
$102.3K $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%
$2,045,400
Cap Rate 7%
$1,461,000
Cap Rate 9%
$1,136,333
Alternative Uses
Best Use
Apartment 5plus
$1.46M
$1.28M – $1.70M
NOI $102,270 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,496 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 97078, OR
25,234
Population
9,292
Households
2.7
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
4,005
Density / Sq Mi
$83,940
Median Household Income
$44,473
Median Earnings
$1,824
Median Rent
$462,700
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?
Apartment building - Nine townhome-style residences feature updated interiors, private covered balconies, and in-unit laundry.
Where is this apartment building located?
The property is located at 17345 Southwest Blanton Street Beaverton, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Nine‑unit apartment community built in 2017; Nine two‑bedroom, one‑and‑one‑half‑bath townhome‑style residences, each approximately 885 square feet; 7,965‑square‑foot property zoned R24
