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 Market639
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 Premier Partners
Listed By:
Amy Asivido-Rebman · License #WA
(360) 907-1073
Source:
Kw
Added: Jan 16, 2025
Changed: Oct 13
Last Checked: Oct 16 at 8:28AM
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 Premier Partners
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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 / Yr
$11,094
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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.
