12437 SW Hall Blvd - Apartments FOR SALE


Tigard, OR 97223- Downtown Tigard
$2,340,000 USD
503-351-0146
12437 SW Hall Blvd, Tigard, OR for Sale
$2,340,000 USD
Apartments - FOR SALE
1/8
null | 6.61% Cap Rate

12437 SW Hall Blvd
Tigard, OR 97223
Downtown Tigard


HIGHLIGHTS

  • Located in Washington County, a More Landlord-Friendly Environment
  • Exclusively Duplex-Style Layouts Around Central Parking
  • Strong In-Place Cash Flow with 10% Upside in Rental Income
  • Opportunity to Add Monthly Bill-Backs for Utilities
  • Proximate to Multiple Parks, Schools and Retail and Dining Options

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to present Hall Boulevard Apartments, a twelve-unit apartment community ideally located along SW Hall Boulevard in Tigard, Oregon. The property benefits from a central and highly desirable Tigard location, offering residents easy access to retail, dining, major employment centers, and main transportation corridors. The site also provides convenient connectivity to primary highways, allowing for efficient travel throughout Tigard and the greater Portland metropolitan area. Hall Boulevard Apartments is comprised entirely of two-bedroom, one-bath duplex-style units and one three-bedroom, one-bath unit offering a highly desirable residential layout that appeals to long-term tenants. Each unit features a private fenced backyard, creating a single-family home feel that differentiates the property from traditional apartment communities. Additionally, all units are equipped with washer and dryer hookups, further enhancing tenant convenience and marketability. Select units feature interior upgrades, including upgraded flooring, refinished cabinetry, and updated countertops, enhancing overall unit quality while providing a clear value-add opportunity for future ownership to continue renovations and drive rental growth. This offering represents a compelling opportunity to acquire a well-located, stabilized multifamily asset with attractive unit layouts in one of Tigard’s most desirable submarkets, providing durable cash flow and long-term investment potential.

FOR SALE DETAILS

PRICE

$2,340,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

12

PRICE/UNIT

$195,000

CAP RATE

6.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

CBD, Tigard

APN/PARCEL ID

R0460511

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

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Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.