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Property profile

1049 Walnut St Hillsboro, OR 97123

OFF-MARKET
Other apartment buildings
Property ID
US71-0432888
0.44 ac lot
Trust Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Walnut Apartments is a 22-unit, single-level apartment community configured as a low-density, courtyard-style complex across five separate buildings. The unit mix consists of four one-bedroom units, sixteen two-bedroom units, and two three-bedroom units. Residential features include washer/dryer hookups in all two- and three-bedroom floorplans, private fenced patios, and a dedicated carport or garage for each resident. The buildings and interiors reflect capital improvements that include energy-efficient vinyl windows installed in 2016–2017, new electrical panels in all units completed in 2023, and new gutters installed in 2025, along with ongoing interior renovations, including higher-end upgrades to the three-bedroom units completed in 2023–2024. The property also includes on-site storage and a fully finished utility room that has been used as owner storage. The community is located at 1049 SE Walnut St in Hillsboro, about three blocks from the MAX Light Rail and near downtown Hillsboro, supporting access to transportation and nearby services.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Lot 0.44 ac (19,166 SF)
Zoning code SCR-MD
APN 1S206AA-08401
UPID US71-0432888

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1049 Walnut St Hillsboro, OR 97123-4650
Hillsboro metro Census 32409 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$670k

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
2005
$600,000
1969
Price N/A

Zoning & alternative use

SCR-MD · Hillsboro, OR
Zoning description

The SCR-MD zone implements the SCPA Station Community Planning Area designation, providing an opportunity for medium density residential development generally within 1300 to 2600 feet of a light rail station

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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