Two-Unit Residential Income
For Sale
$599,900
2235 SE 53RD Ave, Hillsboro, OR 97123
MultiFamily, Hillsboro, OR
Property Size2,140 SF
Lot Size0.16 Acres
Price / SF$280.33
Days on Market48
Property Features for 2235 SE 53RD Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
resid
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Subdivision
Brookwood/ Golden Acres
Elementary school
Tamarack
Middle school
South Meadows
High school
Hillsboro
Directions
TV Hwy to Imlay or Brookwood to Drake to 53rd
Standard status
Active
APN
R977027
Size
2,140 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
GOLDEN ACRES NO.4, LOT 121, ACRES 0.16
Tax Annual Amount
4547
Legal Description
GOLDEN ACRES NO.4, LOT 121, ACRES 0.16
Utilities
Heating system
Forced Air
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Roof type
Composition
Listing Agency:
John L. Scott
(503) 645-7433
Listed By:
Pat Griffith
(503) 939-9090
Added: Sep 1
Changed: Oct 17
Last Checked: Oct 18 at 3:06PM
MLS# 450864679
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.
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Investment Insights
Based on property information with market context.
This duplex contains 2,140 square feet across two residential units on a 0.16-acre parcel. Each unit has its own gas furnace, with both heating systems replaced within the last 3 years. The property also includes forced-air heating, a composition roof, and residential zoning. Built in 1978, the asset is occupied by long-term tenants.
The property is located in Hillsboro, Oregon, in Washington County. Its configuration, separate heating systems, and existing tenancy provide a straightforward residential income profile. Interior inspection is subject to offer terms.
The property is located in Hillsboro, Oregon, in Washington County. Its configuration, separate heating systems, and existing tenancy provide a straightforward residential income profile. Interior inspection is subject to offer terms.
Key Highlights
- Duplex with 2,140 square feet of total building area
- Two residential units with separate gas furnaces
- Both furnaces replaced within the last 3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,140
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,800
$642.8K
Cap Rate 7%
$459,143
$459.1K
Cap Rate 9%
$357,111
$357.1K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$48.5K $22.68/SF
− Vacancy
−$2.6K −$1.22/SF
EGI
$45.9K $21.46/SF
− OpEx
−$13.8K −$6.44/SF
NOI
$32.1K $15.02/SF
Area
Hillsboro, OR
Vacancy
5.40%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$642,800
Cap Rate 7%
$459,143
Cap Rate 9%
$357,111
Alternative Uses
Best Use
Multifamily LT 5
$459.1K
$401.8K – $535.7K
NOI $32,140 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$404.6K
$354.0K – $472.0K
NOI $28,321 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$574.7K
$502.8K – $670.5K
NOI $40,227 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 97123, OR
48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature separate gas furnaces and established long-term tenancy.
Where is this duplex located?
The property is located at 2235 SE 53RD Ave Hillsboro, 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 with 2,140 square feet of total building area; Two residential units with separate gas furnaces; Both furnaces replaced within the last 3 years
