12870 Allen Blvd Beaverton, OR 97005-4574

Property Details for 12870 Allen Blvd

Year built

1963

Lot size

0.29 lot acres

Property size

7,520 SF

Zone code

R2

Property type

Apartment buildings

APN

1S121AA-02102

APU

1S121AA02102

Description

This exceptional mixed-use investment opportunity presents a 10-unit apartment complex ideally situated at 12870 SW Allen Blvd in Beaverton, Oregon, zip code 97005. The property comprises four one-bedroom/one-bathroom units and six two-bedroom/one-bathroom units, offering spacious and functional living spaces for tenants. Recent significant capital improvements enhance the property's value and appeal, including a new roof (2018), new parking lot (2018/19), new exterior paint (2021), new perimeter fencing (2023), new insulation/vapor barrier (2023), and ongoing unit upgrades (2018-2024). The complex boasts on-site coin-operated laundry and off-street parking, with potential for future addition of storage lockers. Located in a thriving submarket of Beaverton (Washington County), with a population of approximately 100,000, the property benefits from proximity to major employers in Beaverton and neighboring suburbs, as well as easy access to Portland (less than 10 miles away). The Allen Blvd. District Plan, focusing on enhancing the area's livability and businesses, further positions this property for future growth. The property's combination of newer and long-term tenants contributes to a stable income stream. This rare opportunity to acquire a small apartment community in a rapidly developing area of Beaverton is priced at $1,890,000. The property's strong tenant base and recent upgrades make it an attractive investment prospect.

Location Insight

City

Beaverton

County

Washington

State

Oregon

Longitude

-122.809

Latitude

45.4763

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments