Two-Unit Duplex with
For Sale
$599,900
19778 SW 68TH AVE, Tualatin, OR 97062
Well-equipped duplex with two separately garaged units, each with in-unit laundry and updated interiors.
Property Size2,058 SF
Lot Size0.25 Acres
Price / SF$291.50
Days on Market365
Property Features for 19778 SW 68TH AVE
General Information
Standard status
Active
Size
2,058 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,878
Amenities
Attached,Garage
CrawlSpace
Electricity
UnitTypeType1,UnitTypeType2
3
2
Dishwasher,Range,WasherDryer
1
2025
1575
Level
PublicWater
0.23
Paved
ConcretePerimeter
2058.0
CulturedStone,T111Siding
Building Details
Building Size
2,058 SF
Year Built
1978
Stories
1
Tenancy
Multi
Listing Agency:
Real Broker LLC
(360) 241-7232
Listed By:
John Slocum
(360) 241-7232
Source:
Premierepropertygroup
Added: Aug 25, 2025
Changed: Aug 24
Last Checked: Aug 24 at 3:39AM
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 LLC
Investment Insights
Based on property information with market context.
This property is a one-level duplex designed for rental income, with two separate units on the same site. One side offers three bedrooms and two baths, vaulted ceilings, forced-air heat, and an in-unit washer and dryer, along with a detached one-car garage. The second unit provides two bedrooms and one bath and includes its own garage. Both units are equipped with built-in dishwashers, disposals, free-standing ranges, refrigerators, and ceiling fans. The home has recent updates, supporting turnkey occupancy for a new owner.
The duplex is located in a Tualatin rental community and sits on a 1/2-acre lot. The property is described as being just blocks from Atfalati Park and Horizon Middle School, and convenient to bus lines. Additional nearby access noted includes shopping, dining, hospitals, parks, and freeways.
For buyers looking for a residential income asset, this duplex provides two functional floorplans with private garage storage and in-unit laundry on both sides. With both units currently rented, it presents an owner the opportunity to acquire an income-producing property while maintaining the benefit of established tenancy. Please do not disturb tenants.
The duplex is located in a Tualatin rental community and sits on a 1/2-acre lot. The property is described as being just blocks from Atfalati Park and Horizon Middle School, and convenient to bus lines. Additional nearby access noted includes shopping, dining, hospitals, parks, and freeways.
For buyers looking for a residential income asset, this duplex provides two functional floorplans with private garage storage and in-unit laundry on both sides. With both units currently rented, it presents an owner the opportunity to acquire an income-producing property while maintaining the benefit of established tenancy. Please do not disturb tenants.
Key Highlights
- Duplex on a level 0.23‑acre lot with 2 separately garaged units; building area totals 2,058 SF
- Unit 1: 1x 3‑bed, 2‑bath unit with vaulted ceilings, and an attached/detached garage plus in‑unit washer & dryer
- Unit 2: 1x 2‑bed, 1‑bath unit with its own garage and in‑unit washer & dryer
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
$26,425
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
4.40%
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%
$528,500
$528.5K
Cap Rate 7%
$377,500
$377.5K
Cap Rate 9%
$293,611
$293.6K
Market Conditions
NOI Build-Up for 2,058 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
$50.6K $24.60/SF
− Vacancy
−$2.6K −$1.25/SF
EGI
$48.0K $23.35/SF
− OpEx
−$21.6K −$10.51/SF
NOI
$26.4K $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%
$528,500
Cap Rate 7%
$377,500
Cap Rate 9%
$293,611
Alternative Uses
Best Use
Apartment 5plus
$377.5K
$330.3K – $440.4K
NOI $26,425 @ 7.0% cap · market cap 4.40%
Second Best
Multifamily LT 5
$361.0K
$315.9K – $421.2K
NOI $25,269 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$555.5K
$486.1K – $648.1K
NOI $38,885 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
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?
Duplex - Well-equipped duplex with two separately garaged units, each with in-unit laundry and updated interiors.
Where is this duplex located?
The property is located at 19778 SW 68TH AVE Tualatin, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Duplex on a level 0.23‑acre lot with 2 separately garaged units; building area totals 2,058 SF; Unit 1: 1x 3‑bed, 2‑bath unit with vaulted ceilings, and an attached/detached garage plus in‑unit washer & dryer; Unit 2: 1x 2‑bed, 1‑bath unit with its own garage and in‑unit washer & dryer
