Duplex with Fenced RV
662-664 Northwest Connell Avenue Hillsboro, OR 97124
662-664 Northwest Connell Avenue, Hillsboro, OR, 97124
$540,000
For Sale
$540,000
One-level duplex offering large fenced yards, extra parking, and a fenced RV parking area for each side.
Property Size1,530 SF
Price / SF$352.94
Days on Market112
Property Features for 662-664 Northwest Connell Avenue
General Information
- Standard status
- Active
- Size
- 1,530 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
RE/MAX Equity Group
(503) 681-9446
Listed by
Timothy Gardner · License #840500183
(503) 681-9446
Source
Compass
Added: Apr 3 Updated: Jul 22 at 11:42PM Checked: Jul 22 at 11:42PM
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 RE/MAX Equity Group
Investment Insights
Based on property information with market context.
This one-level duplex offers two sides designed for comfortable, self-contained living. Each unit features a huge yard, along with additional parking. The property also includes a separate, fenced RV parking area, providing practical storage and flexibility beyond standard parking.
Located in Hillsboro near downtown amenities, the property is described as close to food carts, a brew pub, and theater. It is also noted to be about 6 blocks from the MAX station, the Saturday Farmers Market, and the Tuesday night market.
The seller notes this duplex may qualify for down payment grant and/or down payment assistance programs for qualified first-time buyers. It is presented as an owner-occupant opportunity where one side can be lived in while the other can be rented.
Located in Hillsboro near downtown amenities, the property is described as close to food carts, a brew pub, and theater. It is also noted to be about 6 blocks from the MAX station, the Saturday Farmers Market, and the Tuesday night market.
The seller notes this duplex may qualify for down payment grant and/or down payment assistance programs for qualified first-time buyers. It is presented as an owner-occupant opportunity where one side can be lived in while the other can be rented.
Key Highlights
- One‑level duplex with large fenced yards for each side
- Fenced RV parking area for each side, plus additional parking
- 1‑story home with crawl space and a concrete perimeter foundation
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $22.68 |
| − Vacancy | −$1.9k | −$1.22 |
| EGI | $32.8k | $21.46 |
| − OpEx | −$9.8k | −$6.44 |
| NOI | $23.0k | $15.02 |
1,530 SF · lease $22.68/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.3K
$287.2K – $383.0K
NOI $22,979 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$289.3K
$253.1K – $337.5K
NOI $20,248 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$410.9K
$359.5K – $479.3K
NOI $28,760 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - One-level duplex offering large fenced yards, extra parking, and a fenced RV parking area for each side.
Where is this duplex located?
The property is located at 662-664 Northwest Connell Avenue Hillsboro, OR.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: One‑level duplex with large fenced yards for each side; Fenced RV parking area for each side, plus additional parking; 1‑story home with crawl space and a concrete perimeter foundation
