Move-in Ready Condo in
For Sale
$264,000
770 NW 185TH AVE #203, Beaverton, OR 97006
2-bedroom, 1-bathroom condo in the Tansabourne area.
Property Size864 SF
Days on Market592
Property Features for 770 NW 185TH AVE #203
General Information
Standard status
Active
Size
864 SF
Property subtype
Condominium
Amenities
Fireplace
Wall Unit
Baseboard
Wall Heater
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Microwave
Pantry
Stainless Steel Appliance
Tile
Deck, Patio, Porch, Composition
Building Details
Building Size
864 SF
Year Built
2007
Stories
1
Listing Agency:
Keller Williams Memorial
(360) 907-1073
Listed By:
Amy Asivido-Rebman · License #WA
(360) 907-1073
Source:
Kw
Added: Jan 16, 2025
Changed: Aug 26
Last Checked: Aug 31 at 1:16AM
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 Keller Williams Memorial
Investment Insights
Based on property information with market context.
This move-in ready condo features 2 bedrooms and 1 bathroom. Located in the Tansabourne area, the interior has been freshly painted and includes new flooring. The primary bedroom offers a large walk-in closet. The property has a low HOA fee and long-term rental potential.
Key Highlights
- Move‑in ready condition with FRESHLY PAINTED INTERIOR and BRAND‑NEW FLOORING.
- Located in the highly desirable Tansabourne area.
- SPACIOUS PRIMARY BEDROOM with a large walk‑in closet.
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
$11,094
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
4.20%
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%
$221,880
$221.9K
Cap Rate 7%
$158,486
$158.5K
Cap Rate 9%
$123,267
$123.3K
Market Conditions
NOI Build-Up for 864 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
$21.3K $24.60/SF
− Vacancy
−$1.1K −$1.25/SF
EGI
$20.2K $23.35/SF
− OpEx
−$9.1K −$10.51/SF
NOI
$11.1K $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%
$221,880
Cap Rate 7%
$158,486
Cap Rate 9%
$123,267
Alternative Uses
Best Use
Apartment 5plus
$158.5K
$138.7K – $184.9K
NOI $11,094 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$233.2K
$204.1K – $272.1K
NOI $16,325 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 97006, OR
46,853
Population
19,383
Households
2.4
Avg Household Size
35
Median Age
50%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
6,507
Density / Sq Mi
$100,373
Median Household Income
$57,364
Median Earnings
$1,844
Median Rent
$535,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 2-bedroom, 1-bathroom condo in the Tansabourne area.
Where is this apartment building located?
The property is located at 770 NW 185TH AVE #203 Beaverton, OR.
What is the asking price?
The asking price for this property is $264,000.
What are key features of this property?
This property features: Move‑in ready condition with FRESHLY PAINTED INTERIOR and BRAND‑NEW FLOORING.; Located in the highly desirable Tansabourne area.; SPACIOUS PRIMARY BEDROOM with a large walk‑in closet.
