Under-Construction
For Sale
Under Contract
$789,900
18694 SW JUDITH Ln, Beaverton, OR 97003
MULTI_FAMILY - Beaverton, OR
Property Size2,522 SF
Price / SF$313.20
Days on Market49
Property Features for 18694 SW JUDITH Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R-9
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
View
Territorial
Elementary school
Beaver Acres
Middle school
Meadow Park
High school
Aloha
Directions
West on TV Hwy N on 187th W on Judith Lane (put Pio Pio Park in Maps and it's across the street)
Subdivision
_150
Standard status
Active Under Contract
APN
R2231711
Size
2,522 SF
Taxes and HOA fees
Tax Description
CAITLINS PLACE, LOT 1, ACRES 0.06
Tax Annual Amount
828
Legal Description
CAITLINS PLACE, LOT 1, ACRES 0.06
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Harcourts Real Estate Network Group
(503) 344-4554
Listed By:
Jennifer Maben · License #970300166
(503) 349-4365
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 12 at 2:06AM
MLS# 138925381
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 under-construction duplex offers 2,522 square feet within an R-9-zoned residential property. The 2026 build includes luxury vinyl plank flooring, quartz countertops, stainless steel appliances, and refrigerators. A composition roof is also specified, and the property carries no HOA. The two-unit format supports middle-housing use and may allow the units to be sold separately.
The property is located at 18694 SW Judith Ln in Beaverton, across from Pio Pio Park. Park amenities include walking paths, a themed play area, a picnic shelter, and a community garden. The residence is identified as being in Washington County, Oregon, with a 97003 postal code.
The property is located at 18694 SW Judith Ln in Beaverton, across from Pio Pio Park. Park amenities include walking paths, a themed play area, a picnic shelter, and a community garden. The residence is identified as being in Washington County, Oregon, with a 97003 postal code.
Key Highlights
- 2,522‑square‑foot duplex under construction
- R‑9 zoning with 2026 year built
- Luxury vinyl plank flooring and quartz countertops
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
$32,382
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
4.10%
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%
$647,640
$647.6K
Cap Rate 7%
$462,600
$462.6K
Cap Rate 9%
$359,800
$359.8K
Market Conditions
NOI Build-Up for 2,522 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
$62.0K $24.60/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$58.9K $23.35/SF
− OpEx
−$26.5K −$10.51/SF
NOI
$32.4K $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%
$647,640
Cap Rate 7%
$462,600
Cap Rate 9%
$359,800
Alternative Uses
Best Use
Apartment 5plus
$462.6K
$404.8K – $539.7K
NOI $32,382 @ 7.0% cap · market cap 4.10%
Second Best
Multifamily LT 5
$442.4K
$387.1K – $516.1K
NOI $30,966 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$680.7K
$595.7K – $794.2K
NOI $47,652 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 97003, OR
29,270
Population
11,258
Households
2.6
Avg Household Size
34
Median Age
37%
College-Educated
90%
High-School Grad
4.7 sq mi
ZIP Area
6,228
Density / Sq Mi
$96,962
Median Household Income
$51,834
Median Earnings
$1,925
Median Rent
$458,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Quartz countertops, luxury vinyl plank flooring, and included stainless steel appliances create a finished interior package.
Where is this duplex located?
The property is located at 18694 SW JUDITH Ln Beaverton, OR.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 2,522‑square‑foot duplex under construction; R‑9 zoning with 2026 year built; Luxury vinyl plank flooring and quartz countertops
