5636-5648 SW Beaverton Hillsdale Hwy
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5636-5648 SW Beaverton Hillsdale Hwy
17 Unit Apartment Building $2,950,000 ($173,529/Unit) 5.44% Cap Rate Portland, OR 97221
Investment Highlights
- Great Southwest Portland Location
- New Gutters
- Rental Upside
- Newly Striped Parking Lot
- On-Site Laundry
- Excellent Access to Shopping and Public Transportation
Executive Summary
Located on Beaverton Hillsdale HWY, between two of Southwest Portland’s more desirable neighborhoods, Raleigh Hills & Hillsdale, the Raleigh Heights apartments provide residents with an exceptional location and investors with a value-add opportunity.
The 17-unit complex has a national grocery store, pharmacy, coffee shop, and several restaurants within one block. Additionally, the Portland Athletic Club sits across the street. High frequency public transportation allows easy access to downtown Portland and downtown Beaverton.
Built in 1974 & 1978 and comprised of one and two-bedroom units, Raleigh Heights offers a park-like setting with many units having territorial views and several having private decks or patios. Roughly half the units have been updated along with new gutters, and a newly striped parking lot with ample parking for tenants and guests.
The 17-unit complex has a national grocery store, pharmacy, coffee shop, and several restaurants within one block. Additionally, the Portland Athletic Club sits across the street. High frequency public transportation allows easy access to downtown Portland and downtown Beaverton.
Built in 1974 & 1978 and comprised of one and two-bedroom units, Raleigh Heights offers a park-like setting with many units having territorial views and several having private decks or patios. Roughly half the units have been updated along with new gutters, and a newly striped parking lot with ample parking for tenants and guests.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,950,000 | Apartment Style | Low Rise |
| Price Per Unit | $173,529 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 5.44% | Building Size | 11,750 SF |
| No. Units | 17 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment |
| Price | $2,950,000 |
| Price Per Unit | $173,529 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 11,750 SF |
| No. Stories | 2 |
| Year Built | 1978 |
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 634 |
| 2+1 | 4 | - | 877 |
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PROPERTY TAXES
| Parcel Number | R111056 | Improvements Assessment | $0 (2023) |
| Land Assessment | $0 (2023) | Total Assessment | $931,140 (2023) |
PROPERTY TAXES
Parcel Number
R111056
Land Assessment
$0 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$931,140 (2023)
zoning
| Zoning Code | R2 |
| R2 |
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5636-5648 SW Beaverton Hillsdale Hwy
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