$1,050,000
$45K PRICE DROP

Estimated payment $5,997/month

Total Views 33,420
6 Beds
6 Baths
2,652 Sq Ft
$396 Price per Sq Ft

Highlights

  • Hot Property
  • 2-minute walk to Tuality Hospital/Se 8Th Avenue
  • Landscaped with Trees
  • Private Lot
  • No HOA
  • Property is near a bus stop

About This Home

Rare opportunity to own a 3-unit investment property in the heart of Hillsboro! LOCATION couldn’t be better - one block from Pacific University Campus, OHSU/Tuality Hospital, busline, MAX, and city center. This unique property includes three well-maintained townhomes, each on its own tax lot, with 2 bedrooms and 1.1 baths. Brand new roof (2024), new washer-dryer and refrigerators (2024), private fenced back yards with new Trex decking (2025), efficient gas heating, modern wood laminate flooring on the main level, new paint—the list goes on! No HOA fees!Enjoy passive cash flow as an investor, or live in one unit while renting out the others (qualifying for a traditional, low down-payment mortgage).Don’t miss this rare chance to secure a versatile and valuable property. Schedule your showing today! [Home Energy Score = 9. HES Report at

Listing Agent

Sherry Hawkins

Knipe Realty ERA Powered Brokerage Phone: 503-750-1104 License #200506062 Listed on: 06/19/2025

Knipe Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,234

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 871 Sq Ft Lot
  • Private Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,652 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Security Lights

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • Driveway
  • Paved Parking

Schools

  • Lincoln Elementary School
  • Evergreen Middle School
  • Glencoe High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet

Additional Features

  • Green Certified Home
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R2117509

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $13,537
  • Gross Income $59,425
  • Net Operating Income $46,032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,234

Year Built

Built in 2002 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2002
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Total Bedrooms: 6
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 0K to 2,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level, OnBusline, Private, Trees
  • Road Surface Type: Concrete, Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Paved
  • Attached Garage: No

Utilities

  • Energy Efficiency Features: AddedWallInsulation,DoublePaneWindows,InsulationandCeilingInsulation
  • Fuel Description: Gas
  • Hot Water: Electricity,Tank
  • Internet Service Type: Cable
  • Security: SecurityLights, Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Rosedale
  • High School: Glencoe
  • Middle Or Junior School: Evergreen
  • Elementary School #2: Lincoln

Lot Info

  • Zoning: SCR-DNC
  • Lot Size Acres: 0.02
  • Lot Size Sq Ft: 871.0
  • Parcel #: R2117509
  • Assessor Parcel Number 2: R2117510
  • Assessor Parcel Number 3: R2117099

Green Features

  • Green Certification: Yes

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 2234.28

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 17.67
  • Annual Gross Income: 59425.0
  • Property Net Operating Income: 46032.0
  • Annual Operating Expense: 13537.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,234 $136,690 -- --
2024 $2,171 $132,710 -- --
2023 $2,171 $128,850 $0 $0
2022 $2,112 $128,850 $0 $0
2021 $2,070 $121,460 $0 $0
2020 $2,025 $117,930 $0 $0
2019 $1,967 $114,500 $0 $0
2018 $1,883 $111,170 $0 $0
2017 $1,815 $107,940 $0 $0
2016 $1,765 $104,800 $0 $0
2015 $1,694 $101,750 $0 $0
2014 $1,684 $98,790 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 Price Changed $1,050,000 -4.1% $396 / Sq Ft
06/19/2025 06/19/25 For Sale $1,095,000 -- $413 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $308,150 Wfg Title
Warranty Deed $206,000 Pacific Nw Title
Source: Public Records

About the Listing Agent

Sherry Hawkins

Knipe Realty ERA Powered

(503) 987-3459

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As an agent who is an expert in this local area, Sherry brings a wealth of knowledge and expertise about buying and selling real estate here. It is not the same everywhere, so you need someone you can trust for up-to-date information. She is eager to serve you.

You need someone who knows this area inside and out! I can collaborate with you to find the right home at the right price for you, including all the neighborhood amenities that matter – not to mention the essential criteria you

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 588455852

Regional Multiple Listing Service (RMLS)

APN: R2117509