Updated Two-Unit
New
For Sale
$649,000
6364 SW 192ND Ave, Beaverton, OR 97078
Owner-occupied duplex with fenced yards, recent interior improvements, and proximity to Hazeldale Park.
Property Size2,024 SF
Price / SF$320.65
Days on Market4
Property Features for 6364 SW 192ND Ave
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
fenced backyards
Building Details
Year Built
1977
Tenancy
Single
Listing Agency:
BST Realty LLC
Listed By:
Angela Lopez · License #ALOPEZ
(503) 999-0245
Source:
Canorealestate
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 1:18PM
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 BST Realty LLC
Investment Insights
Based on property information with market context.
This 2,024-square-foot duplex was built in 1977 and has received a range of recent updates. Improvements include LVP flooring, ranges, refrigerators, dishwashers, washers and dryers, fixtures, and additional upgrades. Each unit has a private fenced backyard, and the property is owner-occupied.
The duplex is situated in a residential neighborhood, three houses from Hazeldale Park. One current tenant is on a month-to-month tenancy, providing flexible occupancy terms for the existing arrangement.
The duplex is situated in a residential neighborhood, three houses from Hazeldale Park. One current tenant is on a month-to-month tenancy, providing flexible occupancy terms for the existing arrangement.
Key Highlights
- 2,024‑square‑foot duplex built in 1977
- Three houses from Hazeldale Park
- Both units include fully fenced backyards
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
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Explore this area
Business Placement
Demographics for 97078, OR
25,234
Population
9,292
Households
2.7
Avg Household Size
35
Median Age
29%
College-Educated
89%
High-School Grad
6.3 sq mi
ZIP Area
4,005
Density / Sq Mi
$83,940
Median Household Income
$44,473
Median Earnings
$1,824
Median Rent
$462,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Owner-occupied duplex with fenced yards, recent interior improvements, and proximity to Hazeldale Park.
Where is this duplex located?
The property is located at 6364 SW 192ND Ave 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: 2,024‑square‑foot duplex built in 1977; Three houses from Hazeldale Park; Both units include fully fenced backyards
