Duplex with Attached
New
For Sale
$729,000
6121 SE Frances St, Hillsboro, OR 97123
Both vacant residences have private backyards, separate utilities, and laundry hookups.
Property Size2,556 SF
Price / SF$285.21
Days on Market5
Property Features for 6121 SE Frances St
General Information
Standard status
Active
Size
2,556 SF
Property subtype
Multi Family Home
Zoning
SFR-6
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,506
Amenities
private backyards
deck
attached garage
private driveway
laundry hookups
Building Details
Building Size
2,556 SF
Year Built
1997
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Patricia Kirk
(971) 202-9221
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 23 at 4:05PM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
Built in 1997, this duplex contains two vacant residences, each with 3 bedrooms, 2.5 bathrooms, a primary suite with a walk-in closet, a kitchen, and a private backyard. Both units have an attached garage, private driveway, laundry hookups, separate utilities, and a recently added deck. The property totals 2,556 square feet and is zoned SFR-6.
Unit 6123 has new carpet, a stove, and a hood vent; Unit 6121 has newer air conditioning, flooring, and appliances. A roof replacement and exterior painting were completed in 2020, followed by attic and crawlspace work in 2021. The Home Energy Score is 9.
Nearby destinations include Imlay Elementary, Brown Middle School, Century High School, Frances Street Park, and Foodlandia Food Carts. Tualatin Valley Highway, Cornelius Pass Road, and US 26 provide access to the surrounding area.
Unit 6123 has new carpet, a stove, and a hood vent; Unit 6121 has newer air conditioning, flooring, and appliances. A roof replacement and exterior painting were completed in 2020, followed by attic and crawlspace work in 2021. The Home Energy Score is 9.
Nearby destinations include Imlay Elementary, Brown Middle School, Century High School, Frances Street Park, and Foodlandia Food Carts. Tualatin Valley Highway, Cornelius Pass Road, and US 26 provide access to the surrounding area.
Key Highlights
- Two vacant units, each with 3 bedrooms and 2.5 bathrooms
- 2,556‑square‑foot duplex built in 1997
- Each unit has an attached garage, private driveway, backyard, deck, and laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,388
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,760
$767.8K
Cap Rate 7%
$548,400
$548.4K
Cap Rate 9%
$426,533
$426.5K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$58.0K $22.68/SF
− Vacancy
−$3.1K −$1.22/SF
EGI
$54.8K $21.46/SF
− OpEx
−$16.5K −$6.44/SF
NOI
$38.4K $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%
$767,760
Cap Rate 7%
$548,400
Cap Rate 9%
$426,533
Alternative Uses
Best Use
Multifamily LT 5
$548.4K
$479.9K – $639.8K
NOI $38,388 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$483.2K
$422.8K – $563.8K
NOI $33,827 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$686.4K
$600.6K – $800.8K
NOI $48,047 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
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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 - Both vacant residences have private backyards, separate utilities, and laundry hookups.
Where is this duplex located?
The property is located at 6121 SE Frances St Hillsboro, OR.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two vacant units, each with 3 bedrooms and 2.5 bathrooms; 2,556‑square‑foot duplex built in 1997; Each unit has an attached garage, private driveway, backyard, deck, and laundry hookups
