Four-Unit Townhouse-Style
For Sale
$999,999
19707 SW 68TH Ave, Tualatin, OR 97062
MultiFamily, Tualatin, OR
Property Size4,160 SF
Lot Size0.37 Acres
Price / SF$240.38
Days on Market94
Property Features for 19707 SW 68TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
4plex
Bedrooms
9
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 4, Bedroom 2, Bedroom 8, Bathroom 4, Bathroom 6, Bathroom 7, Bedroom 9, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 6
Subdivision
Stoneridge
Elementary school
Bridgeport
Middle school
Hazelbrook
High school
Tualatin
Directions
Sw Sagert to Sw 68th
Standard status
Active
APN
R534791
Size
4,160 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
STONERIDGE, LOT PT 26, ACRES 0.37
Tax Annual Amount
7995
Legal Description
STONERIDGE, LOT PT 26, ACRES 0.37
Utilities
Heating system
Forced Air
Amenities
washer/dryer hookups
Building Details
Year built
1978
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Century 21 North Homes Realty
(503) 652-2260
Listed By:
Terri Boughton · License #881000055
(503) 307-2546
Added: Jun 7
Changed: Sep 2
Last Checked: Sep 8 at 5:06AM
MLS# 796785126
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 4,160-square-foot quadplex contains four two-level townhouse-style residences. The unit mix includes one 4-bedroom, 2 1/2-bath end unit, one 3-bedroom, 2-bath end unit, and two 2-bedroom middle units with 1.1 baths each. Residences feature open layouts, newer carpet, washer and dryer hookups, and private garage space. The larger end unit includes an attached garage and direct access to an oversized backyard, while the other end unit opens to a shared backyard area. Two middle residences have detached private garages.
The property occupies 0.37 acres at 19707 SW 68TH Ave in Tualatin, near Meridian Park and Bridgeport Shopping Center. Current occupancy is month-to-month across all four units as of 6-15-2026. Recent property work includes a composition roof, siding, upgraded windows, and newer interior and exterior paint. Forced-air heating serves the building, which was constructed in 1978. Landscaping, sewer, water, and garbage are included in the rent.
The property occupies 0.37 acres at 19707 SW 68TH Ave in Tualatin, near Meridian Park and Bridgeport Shopping Center. Current occupancy is month-to-month across all four units as of 6-15-2026. Recent property work includes a composition roof, siding, upgraded windows, and newer interior and exterior paint. Forced-air heating serves the building, which was constructed in 1978. Landscaping, sewer, water, and garbage are included in the rent.
Key Highlights
- Four‑unit quadplex with 4,160 square feet on 0.37 acres
- Unit mix: one 4‑bedroom, 2 1/2‑bath; one 3‑bedroom, 2‑bath; two 2‑bedroom, 1.1‑bath homes
- All four residences are rented month‑to‑month as of 6‑15‑2026
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
$53,414
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
5.34%
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%
$1,068,280
$1.1M
Cap Rate 7%
$763,057
$763.1K
Cap Rate 9%
$593,489
$593.5K
Market Conditions
NOI Build-Up for 4,160 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
$102.3K $24.60/SF
− Vacancy
−$5.2K −$1.25/SF
EGI
$97.1K $23.35/SF
− OpEx
−$43.7K −$10.51/SF
NOI
$53.4K $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%
$1,068,280
Cap Rate 7%
$763,057
Cap Rate 9%
$593,489
Alternative Uses
Best Use
Apartment 5plus
$763.1K
$667.7K – $890.2K
NOI $53,414 @ 7.0% cap · market cap 5.34%
Second Best
Multifamily LT 5
$729.7K
$638.5K – $851.3K
NOI $51,078 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.12M
$982.5K – $1.31M
NOI $78,602 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
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?
Quadplex - Four two-level residences offer private garages, flexible layouts, and shared outdoor areas in Tualatin.
Where is this quadplex located?
The property is located at 19707 SW 68TH Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Four‑unit quadplex with 4,160 square feet on 0.37 acres; Unit mix: one 4‑bedroom, 2 1/2‑bath; one 3‑bedroom, 2‑bath; two 2‑bedroom, 1.1‑bath homes; All four residences are rented month‑to‑month as of 6‑15‑2026
