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Prime Hillsboro 3-Unit MIxed Use Opportunity 909 SE Cedar St

3 Unit Apartment Building $899,500 ($299,833/Unit) 7% Cap Rate Hillsboro, OR 97123

Apartment Buildings Oregon Hillsboro 909 SE Cedar St, Hillsboro, OR 97123

Investment Highlights

  • Retail And Residential Combinations Possible Across From Library/Park/Regional Swim Center
  • True Live Work Opportunity - Investors and End Users Will Love This Option
  • 3 Seperate Unit Options with room to expand

Executive Summary

Seller will be executing a 1031 Exchange. This property is not under any leases- it is owner occupied. Use property for 1-3 Units- Live/Work - Restaurant/Medical Office- Three Plex- So many options!

Data Room Click Here to Access

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $74,000 $14.40
Other Income - -
Vacancy Loss - -
Effective Gross Income $74,000 $14.40
Taxes $5,000 $0.97
Operating Expenses $5,000 $0.97
Total Expenses $10,000 $1.95
Net Operating Income $64,000 $12.46

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $74,000
Annual Per SF $14.40
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $74,000
Annual Per SF $14.40
Taxes
Annual $5,000
Annual Per SF $0.97
Operating Expenses
Annual $5,000
Annual Per SF $0.97
Total Expenses
Annual $10,000
Annual Per SF $1.95
Net Operating Income
Annual $64,000
Annual Per SF $12.46

Property Facts

Price $899,500 Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Price Per Unit $299,833 Apartment Style Low Rise
Sale Type Investment Building Size 5,138 SF
Cap Rate 7% Average Occupancy 100%
Sale Conditions 1031 Exchange No. Stories 2
No. Units 3 Year Built/Renovated 1940/1999
Property Type Multifamily Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $899,500
Price Per Unit $299,833
Sale Type Investment
Cap Rate 7%
Sale Conditions 1031 Exchange
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Size 5,138 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1940/1999
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Site Amenities

  • Courtyard
  • Fenced Lot
  • Car Wash Area
  • Guest Apartment
  • Trash Pickup - Door to Door
  • Storage Space
  • Bicycle Storage
  • Multi Use Room

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,600 -
3+2 1 $2,400 -

Links

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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R0323689 Total Assessment $311,180 (2025)
Land Assessment $0 (2025) Annual Taxes $5,000 ($0.97/SF)
Improvements Assessment $0 (2025) Tax Year 2024

PROPERTY TAXES

Parcel Number
R0323689
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$311,180 (2025)
Annual Taxes
$5,000 ($0.97/SF)
Tax Year
2024

zoning

Zoning Code SCD-DT (A truly great mixed use zone that offers so many options. Call broker for full zoning packet.)
SCD-DT (A truly great mixed use zone that offers so many options. Call broker for full zoning packet.)
(503) 799-8383

Contact

  • Listing ID: 33551843

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: 909 SE Cedar St, Hillsboro, OR 97123

More public record information on 909 SE Cedar St, Hillsboro, OR 97123

The Sunset Corridor/Hillsboro Multifamily Property at 909 SE Cedar St, Hillsboro, OR 97123 is currently available. Contact Dirk Knudsen Real Estate - MORE Realty for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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Prime Hillsboro 3-Unit MIxed Use Opportunity | 909 SE Cedar St
(503) 799-8383 x

Prime Hillsboro 3-Unit MIxed Use Opportunity | 909 SE Cedar St

Dirk Knudsen

(503) 799-8383

(503) 799-8383

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