Updated Duplex with New
For Sale
$549,000
19787 SW 67TH Ave, Tualatin, OR 97062
MultiFamily, Tualatin, OR
Property Size1,648 SF
Lot Size0.23 Acres
Price / SF$333.13
Days on Market49
Property Features for 19787 SW 67TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 3
Elementary school
Bridgeport
Middle school
Hazelbrook
High school
Tualatin
Directions
SW Sagert to 68th to 67th
Subdivision
_151
Standard status
Active
APN
R534942
Size
1,648 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
STONERIDGE, LOT 41, ACRES 0.23
Tax Annual Amount
5572
Legal Description
STONERIDGE, LOT 41, ACRES 0.23
Utilities
Heating system
Radiant, Forced Air
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Marc Zemp · License #201203833
(503) 501-6925
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 24 at 11:06AM
MLS# 154260124
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 duplex contains 1,648 square feet on a 0.23-acre lot and was built in 1978. The property is configured for residential rental use, with forced-air and radiant heating systems. A composition roof and gutters were replaced in 2020, providing a recent capital improvement to the building envelope.
The property is professionally managed and occupied by long-term tenants. Its Tualatin location provides access to public transportation, TriMet, I-5, and Hwy 205, connecting the property with regional commuter routes. RH zoning supports the existing duplex configuration.
The property is professionally managed and occupied by long-term tenants. Its Tualatin location provides access to public transportation, TriMet, I-5, and Hwy 205, connecting the property with regional commuter routes. RH zoning supports the existing duplex configuration.
Key Highlights
- Duplex with 1,648 square feet of property area
- Situated on a 0.23‑acre lot
- New roof and gutters completed in 2020
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
$21,160
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
3.85%
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%
$423,200
$423.2K
Cap Rate 7%
$302,286
$302.3K
Cap Rate 9%
$235,111
$235.1K
Market Conditions
NOI Build-Up for 1,648 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
$40.5K $24.60/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$38.5K $23.35/SF
− OpEx
−$17.3K −$10.51/SF
NOI
$21.2K $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%
$423,200
Cap Rate 7%
$302,286
Cap Rate 9%
$235,111
Alternative Uses
Best Use
Apartment 5plus
$302.3K
$264.5K – $352.7K
NOI $21,160 @ 7.0% cap · market cap 3.85%
Second Best
Multifamily LT 5
$289.1K
$252.9K – $337.3K
NOI $20,235 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$444.8K
$389.2K – $519.0K
NOI $31,138 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit rental property with RH zoning, dual heating systems, and established long-term tenancy.
Where is this duplex located?
The property is located at 19787 SW 67TH Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Duplex with 1,648 square feet of property area; Situated on a 0.23‑acre lot; New roof and gutters completed in 2020
