12870 Allen Blvd Beaverton, OR 97005-4574

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.