Duplex with Private
For Sale
$729,000
6121 SE FRANCES St, Hillsboro, OR 97123
MultiFamily, Hillsboro, OR
Property Size2,556 SF
Lot Size0.14 Acres
Price / SF$285.21
Days on Market49
Property Features for 6121 SE FRANCES St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
SFR-6
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3
Subdivision
Frances Estates
Elementary school
Imlay
Middle school
Brown
High school
Century
Directions
Tualatin Valley Hwy, S on 62nd Ave, R on Frances St
Standard status
Active
APN
R2060971
Size
2,556 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
FRANCES ESTATES, LOT 27, ACRES 0.14
Tax Annual Amount
6506
Legal Description
FRANCES ESTATES, LOT 27, ACRES 0.14
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1997
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Patricia Kirk
(971) 202-9221
Added: Aug 27
Changed: Oct 14
Last Checked: Oct 14 at 10:06AM
MLS# 762387194
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 2,556-square-foot duplex contains two vacant residences, each with three bedrooms, 2.5 bathrooms, a primary suite with a walk-in closet, and a private backyard. Both sides have an attached garage, private driveway, laundry hookups, separate utilities, and a newly installed deck. The property occupies 0.14 acres and was built in 1997.
Updates include a roof and exterior paint completed in 2020, followed by attic and crawlspace work in 2021. Unit 6123 has new carpet, a stove, and a hood vent; Unit 6121 has newer air conditioning, flooring, and appliances. Forced-air heating and central air serve the property.
The duplex is at 6121 SE Frances St in Hillsboro, with access to Tualatin Valley Highway, Cornelius Pass Road, and US 26. Nearby points include Imlay Elementary, Brown Middle School, Century High School, and Frances Street Park. Zoning is SFR-6, and the Home Energy Score is 9.
Updates include a roof and exterior paint completed in 2020, followed by attic and crawlspace work in 2021. Unit 6123 has new carpet, a stove, and a hood vent; Unit 6121 has newer air conditioning, flooring, and appliances. Forced-air heating and central air serve the property.
The duplex is at 6121 SE Frances St in Hillsboro, with access to Tualatin Valley Highway, Cornelius Pass Road, and US 26. Nearby points include Imlay Elementary, Brown Middle School, Century High School, and Frances Street Park. Zoning is SFR-6, and the Home Energy Score is 9.
Key Highlights
- Two vacant units, each with 3 bedrooms and 2.5 bathrooms
- 2,556 square feet on a 0.14‑acre lot
- Private backyards, attached garages, and separate utilities for both units
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
231
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant and provide three bedrooms, 2.5 bathrooms, and attached garages.
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 feet on a 0.14‑acre lot; Private backyards, attached garages, and separate utilities for both units
