Six-Bedroom Duplex with Covered
For Sale
$499,900
713 SE ENGLEWOOD Dr, Hillsboro, OR 97123
MultiFamily, Hillsboro, OR
Property Size1,820 SF
Lot Size0.20 Acres
Price / SF$274.67
Days on Market33
Property Features for 713 SE ENGLEWOOD Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 6
Subdivision
CPO 9 HILLSBORO/ORENCO
Elementary school
Minter Bridge
Middle school
South Meadows
High school
Hillsboro
Directions
Baseline, South 7th Avenue, Duplex on Left
Standard status
Active
APN
R2165443
Size
1,820 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
2009-004 PARTITION PLAT, LOT 2, ACRES 0.20
Tax Annual Amount
3559
Legal Description
2009-004 PARTITION PLAT, LOT 2, ACRES 0.20
Amenities
washer/dryer hookup
shed
detached covered parking
RV parking
Building Details
Year built
1960
Floors in Building
1
Number of units
2
Roof type
Flat
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Toni Weingart
(503) 515-9458
Added: Aug 1
Changed: Sep 2
Last Checked: Sep 2 at 6:06PM
MLS# 198241157
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 1,820-square-foot duplex contains two units, each arranged with three bedrooms and one bathroom. Both residences include washer and dryer hookups in the bathrooms, while each unit has its own shed. Detached covered parking serves the property, and the 0.2-acre corner lot provides room for RV parking. The flat roof was replaced in 2017, and the building requires primarily cosmetic repairs.
Separate electric meters serve the units, with a shared water and sewer line. Built in 1960 and zoned Multi, the property offers a defined two-unit layout with practical storage and parking improvements already in place.
Separate electric meters serve the units, with a shared water and sewer line. Built in 1960 and zoned Multi, the property offers a defined two-unit layout with practical storage and parking improvements already in place.
Key Highlights
- Two units with three bedrooms and one bathroom per unit
- 1,820 square feet on a 0.2‑acre corner lot
- Separate electric meters; shared water and sewer line
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
Property Profile
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
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 residential units occupy a corner parcel with separate electric metering, storage sheds, and space for recreational vehicle parking.
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 units with three bedrooms and one bathroom per unit; 1,820 square feet on a 0.2‑acre corner lot; Separate electric meters; shared water and sewer line
