Remodeled Duplex with Attached
For Sale
$875,000
19865 SW 68th Ave, Tualatin, OR 97062
Two residences feature fenced outdoor areas, fireplaces, updated kitchens, and in-unit laundry.
Property Size2,580 SF
Price / SF$339.15
Days on Market31
Property Features for 19865 SW 68th Ave
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
attached garage
private fenced backyard
fireplace
in-unit laundry
Building Details
Year Built
1978
Year Renovated
2019
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
John Tae · License #201209617
Source:
Rosecityrealtygroup
Added: Jul 31
Changed: Aug 28
Last Checked: Aug 29 at 12:06PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This duplex contains 2,580 square feet, with approximately 1,290 square feet in each unit. Both residences offer three bedrooms, 2.5 bathrooms, an attached garage, a private fenced backyard, a fireplace, in-unit laundry, and an open-concept floor plan. Extensive remodeling completed in 2019 included kitchen updates with granite countertops, center islands, modern cabinetry, updated flooring, and contemporary finishes. One upstairs bedroom in Unit 19865 has LVP flooring.
The property is located in Tualatin’s Stone Ridge neighborhood near Atfalati Park, Bridgeport Village, Meridian Park Hospital, shopping, dining, public transportation, I-5, and OR-217. Its two-unit configuration supports use by tenants or an owner-occupant, with rental income from the second residence.
The property is located in Tualatin’s Stone Ridge neighborhood near Atfalati Park, Bridgeport Village, Meridian Park Hospital, shopping, dining, public transportation, I-5, and OR-217. Its two-unit configuration supports use by tenants or an owner-occupant, with rental income from the second residence.
Key Highlights
- 2,580‑square‑foot duplex with approximately 1,290 square feet per unit
- Each unit includes 3 bedrooms, 2.5 bathrooms, and an attached garage
- Both units have private fenced backyards, fireplaces, and in‑unit laundry
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
$33,127
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
3.79%
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%
$662,540
$662.5K
Cap Rate 7%
$473,243
$473.2K
Cap Rate 9%
$368,078
$368.1K
Market Conditions
NOI Build-Up for 2,580 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
$63.5K $24.60/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$60.2K $23.35/SF
− OpEx
−$27.1K −$10.51/SF
NOI
$33.1K $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%
$662,540
Cap Rate 7%
$473,243
Cap Rate 9%
$368,078
Alternative Uses
Best Use
Apartment 5plus
$473.2K
$414.1K – $552.1K
NOI $33,127 @ 7.0% cap · market cap 3.79%
Second Best
Multifamily LT 5
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$696.4K
$609.4K – $812.5K
NOI $48,748 @ 7.0% cap · market cap 5.57%
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
1,032
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 - Two residences feature fenced outdoor areas, fireplaces, updated kitchens, and in-unit laundry.
Where is this duplex located?
The property is located at 19865 SW 68th Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,580‑square‑foot duplex with approximately 1,290 square feet per unit; Each unit includes 3 bedrooms, 2.5 bathrooms, and an attached garage; Both units have private fenced backyards, fireplaces, and in‑unit laundry
