Updated Duplex with Fenced
New
For Sale
$649,000
6364-6360 SW 192nd Av, Beaverton, OR 97007
Two-unit property with refreshed interiors, private fenced outdoor areas, and an existing month-to-month tenancy.
Property Size2,024 SF
Price / SF$320.65
Days on Market2
Property Features for 6364-6360 SW 192nd Av
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1977
Buildings
1
Listing Agency:
Homesmart Realty Group
(541) 401-9467
Listed By:
Matin Real Estate
(503) 208-8406
Source:
Portlandrealestate
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 16 at 2:42PM
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 Homesmart Realty Group
Investment Insights
Based on property information with market context.
This 2,024-square-foot duplex includes two residential units and has been owner-occupied. Each unit has a fenced backyard, while interior improvements include LVP flooring, updated fixtures, ranges, refrigerators, dishwashers, and washers and dryers. The property was built in 1977 and has been maintained with recent updates.
The duplex sits in a residential neighborhood at 6364-6360 SW 192nd Av in Beaverton, with Hazeldale Park approximately three houses away. One current tenant has occupied a unit for a few months under a month-to-month tenancy.
The duplex sits in a residential neighborhood at 6364-6360 SW 192nd Av in Beaverton, with Hazeldale Park approximately three houses away. One current tenant has occupied a unit for a few months under a month-to-month tenancy.
Key Highlights
- Two‑unit duplex with 2,024 square feet
- Each unit includes a fenced backyard
- Recent LVP flooring and updated fixtures
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
$25,988
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
4.00%
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%
$519,760
$519.8K
Cap Rate 7%
$371,257
$371.3K
Cap Rate 9%
$288,756
$288.8K
Market Conditions
NOI Build-Up for 2,024 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
$49.8K $24.60/SF
− Vacancy
−$2.5K −$1.25/SF
EGI
$47.3K $23.35/SF
− OpEx
−$21.3K −$10.51/SF
NOI
$26.0K $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%
$519,760
Cap Rate 7%
$371,257
Cap Rate 9%
$288,756
Alternative Uses
Best Use
Apartment 5plus
$371.3K
$324.9K – $433.1K
NOI $25,988 @ 7.0% cap · market cap 4.00%
Second Best
Multifamily LT 5
$355.0K
$310.7K – $414.2K
NOI $24,852 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$546.3K
$478.0K – $637.4K
NOI $38,243 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 97007, OR
48,280
Population
19,420
Households
2.5
Avg Household Size
39
Median Age
54%
College-Educated
94%
High-School Grad
18.7 sq mi
ZIP Area
2,582
Density / Sq Mi
$116,667
Median Household Income
$62,446
Median Earnings
$1,792
Median Rent
$582,700
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-unit property with refreshed interiors, private fenced outdoor areas, and an existing month-to-month tenancy.
Where is this duplex located?
The property is located at 6364-6360 SW 192nd Av Beaverton, OR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,024 square feet; Each unit includes a fenced backyard; Recent LVP flooring and updated fixtures
