503-241-5541
421 NE 80th Ave, Hillsboro, OR for Sale
Apartments - FOR SALE
1/61
null | Request Cap Rate


OVERVIEW

» New Construction Asset with Limited Near-Term Capital Needs. Q1 Apartments represents a new construction multifamily community, offering investors the opportunity to acquire a modern asset with minimal deferred maintenance and reduced capital expenditure requirements. The property’s contemporary systems, building components, and unit finishes provide longterm operational stability and competitive positioning within the Hillsboro rental market. Building structure and roof are still under warranty. » Desirable Large-Format 2BR Floor Plans with Broad Tenant Appeal. The property features spacious two-bedroom, two-bathroom units that cater to today’s renter preferences for flexible living arrangements, including workfrom- home capability and shared living. Larger floor plans differentiate Q1 Apartments from competing suburban assets, attracting higher-quality tenants and supporting long-term occupancy stability. » Suburban Asset Positioned to Capture Strong Workforce Housing Demand. Q1 Apartments offers larger unit sizes in a suburban setting, providing residents with greater livability and value compared to smaller urban alternatives. This positioning aligns with ongoing renter migration toward suburban locations offering improved space, accessibility, and quality of life. » Operational Upside Through Rent Growth & Expense Optimization. The property presents an opportunity to further enhance operational performance through strategic rent adjustments and continued professional management. Investors can benefit from Hillsboro’s strong rental demand fundamentals, supporting ongoing revenue growth while maintaining competitive occupancy levels. » Strategically Located Near Intel & Major Tech Employers. The property benefits from proximity to Hillsboro’s Silicon Forest, including major employers such as Intel, Genentech, Nike, and numerous semiconductor and advanced manufacturing firms. This employment base provides a deep and stable tenant pool supported by high-wage professional and technical jobs. » In One of Portland Metro’s Fastest-Growing Submarkets. Q1 Apartments benefits from strong surrounding demographics, including growing population, rising household incomes, and continued economic expansion driven by the technology sector. Residents enjoy convenient access to Highway 26, regional transit, retail amenities, and major employment hubs, supporting long-term rental demand and asset appreciation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Q1 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

SCR-MD

APN/PARCEL ID

R2214961

ASK ABOUT THIS PROPERTY

Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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Jack StephensHFO Investment Real EstateMore Info
503-241-5541

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