18675 SW Boones Ferry Rd - Apartments FOR SALE


Tualatin, OR 97062
$1,500,000 USD
503-351-0146
18675 SW Boones Ferry Rd, Tualatin, OR for Sale
$1,500,000 USD
Apartments - FOR SALE
1/10
null | 5.8% Cap Rate

18675 SW Boones Ferry Rd
Tualatin, OR 97062


HIGHLIGHTS

  • Highly Desirable Suburban Location
  • Full Exterior Renovation
  • Private Entrances & Convenient Parking

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to present Boones Ferry Apartments, a seven-unit multifamily community ideally situated in the heart of Tualatin, Oregon. Positioned adjacent to Tualatin Commons, the property offers residents immediate access to a vibrant town center featuring a scenic lake, open green space, popular dining destinations, and a variety of community events throughout the year. The location also provides exceptional convenience to major retailers such as Fred Meyer, New Seasons Market, and Cabela’s, with Interstate 5 less than a mile away—connecting residents to the broader Portland metro area within minutes. Boones Ferry Apartments has benefitted from significant recent capital improvements, including new roofs, windows, siding, and exterior paint. All seven units have been fully updated within the past five years, featuring modern finishes and well-maintained interiors that enhance both livability and tenant retention. The unit mix includes a combination of two-bedroom/one-bath units, along with one studio and one three-bedroom/two-bath unit, appealing to a diverse tenant base. This offering provides investors with a rare opportunity to acquire a stabilized, low-maintenance asset in one of Tualatin's most desirable neighborhoods. With strong in-place operations, durable cash flow, and long-term growth potential, Boones Ferry Apartments is positioned as an attractive investment in a high-demand suburban market.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$260 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,286

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CC

APN/PARCEL ID

R0533435

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.