Duplex with Covered
For Sale
$499,900
713 SE ENGLEWOOD DR, Hillsboro, OR 97123
Two residential units include washer/dryer hookups, individual storage sheds, and separate electric meters.
Property Size1,820 SF
Days on Market54
Property Features for 713 SE ENGLEWOOD DR
General Information
Standard status
Active
Size
1,820 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,559
Amenities
washer/dryer hookup
shed
detached covered parking
RV parking
Building Details
Building Size
1,820 SF
Year Built
1960
Buildings
1
Listing Agency:
MORE Realty
Listed By:
Toni Weingart
(503) 515-9458
Source:
Eleeterealestate
Added: Aug 1
Changed: Sep 21
Last Checked: Sep 22 at 8:52PM
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 MORE Realty
Investment Insights
Based on property information with market context.
Built in 1960, this duplex contains two residential units, each with three bedrooms and one bathroom. Both units include washer/dryer hookups located in the bathrooms, along with a dedicated shed. Detached covered parking serves the property, and the large corner lot provides room for RV parking. The building needs repairs, offering a clear renovation component for a buyer evaluating the asset’s condition.
Utilities include separate electric meters, while the property shares one water and sewer line. The roof was replaced in 2017. Located at 713 SE Englewood Dr in Hillsboro, Oregon, the property combines a two-unit layout with covered parking, storage, and additional site functionality.
Utilities include separate electric meters, while the property shares one water and sewer line. The roof was replaced in 2017. Located at 713 SE Englewood Dr in Hillsboro, Oregon, the property combines a two-unit layout with covered parking, storage, and additional site functionality.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bathroom per unit
- Detached covered parking and room for RV parking
- Each unit includes a dedicated storage shed
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
$27,334
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
5.47%
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%
$546,680
$546.7K
Cap Rate 7%
$390,486
$390.5K
Cap Rate 9%
$303,711
$303.7K
Market Conditions
NOI Build-Up for 1,820 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
$41.3K $22.68/SF
− Vacancy
−$2.2K −$1.22/SF
EGI
$39.0K $21.46/SF
− OpEx
−$11.7K −$6.44/SF
NOI
$27.3K $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 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%
$546,680
Cap Rate 7%
$390,486
Cap Rate 9%
$303,711
Alternative Uses
Best Use
Multifamily LT 5
$390.5K
$341.7K – $455.6K
NOI $27,334 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$344.1K
$301.1K – $401.4K
NOI $24,086 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$488.7K
$427.7K – $570.2K
NOI $34,212 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,514
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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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 - Two residential units include washer/dryer hookups, individual storage sheds, and separate electric meters.
Where is this duplex located?
The property is located at 713 SE ENGLEWOOD DR Hillsboro, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 bathroom per unit; Detached covered parking and room for RV parking; Each unit includes a dedicated storage shed
