17345 SW Blanton St - Apartments FOR SALE


Beaverton, OR 97078- Cooper Mountain-Aloha North
$1,950,000 USD
503-593-9707
17345 SW Blanton St, Beaverton, OR for Sale
$1,950,000 USD
Apartments - FOR SALE
1/19
null | 5.58% Cap Rate

17345 SW Blanton St
Beaverton, OR 97078
Cooper Mountain-Aloha North


OVERVIEW

Blanton Place is a nine-unit multifamily community located in the highly desirable Beaverton submarket of Washington County. Situated at 17345 SW Blanton Street, the property offers immediate access to Highway 26, Tualatin Valley Highway, and some of Oregon's largest employment centers, including Nike World Headquarters and Intel's Aloha Campus. The surrounding neighborhood is characterized by strong household incomes, established residential communities, highly rated schools, and convenient access to shopping, dining, parks, and public transportation. Constructed in 2017, Blanton Place consists exclusively of spacious two-bedroom, one-and-one-half-bath townhome-style residences, each approximately 885 square feet. The thoughtfully designed floor plans feature quartz countertops, stainless steel appliances, tile backsplashes, hardwood flooring on the main level, in-unit washers and dryers, covered balconies, and covered bicycle storage—modern amenities that continue to attract quality residents and support long-term occupancy. Current ownership has consistently maintained and enhanced the property through ongoing capital improvements, including replacement of the majority of kitchen appliances with upgraded models, replacement of all toilets throughout the community to improve water efficiency, replaced majority of washers and dryers with full-size stack units, and has performed routine maintenance as needed. Combined with the property's newer construction, these improvements provide investors with a well-maintained, low-maintenance asset requiring minimal near-term capital expenditures. Blanton Place also offers meaningful upside through the implementation of a utility bill-back program, which is not currently in place, creating an opportunity to increase future net operating income with minimal capital investment. Offered at $1,950,000, Blanton Place presents investors with the opportunity to acquire a newer vintage apartment community featuring stable in-place operations, attractive modern finishes, limited deferred maintenance, and long-term appreciation potential within one of Washington County's strongest multifamily submarkets.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

9

PRICE/UNIT

$216,667

CAP RATE

5.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blanton Place

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-24

APN/PARCEL ID

R0050072

ASK ABOUT THIS PROPERTY

Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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Phillip BarryBarry Investment Real EstateMore Info
503-593-9707

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