9350 SW Hall Blvd - Apartments FOR SALE


Tigard, OR 97223
$6,500,000 USD
503-241-5541
9350 SW Hall Blvd, Tigard, OR for Sale
$6,500,000 USD
Apartments - FOR SALE
1/41
null | 5.82% Cap Rate

9350 SW Hall Blvd
Tigard, OR 97223


OVERVIEW

HFO Investment Real Estate is pleased to present the opportunity to acquire Hallmark Apartments, a 39-unit multifamily community located at 9350 SW Hall Blvd in the heart of Tigard, Oregon. Built in 1978 and offered at $6,500,000, the property features an attractive mix of 20 one-bedroom ground-floor flats and 19 two-bedroom, 1.5-bath townhomes, with recent ownership investment in long-term envelope durability through Hardie siding installation. The asset presents an income-producing investment with two distinct paths to near-term NOI growth lease-up of current vacancy and mark-to-market on in-place rents without reliance on heavy capital deployment. Situated in one of the Portland MSA’s most centrally located suburban submarkets, Hallmark offers direct access to Highway 99W, I-217, and I-5, placing residents within a short drive of the Washington Square office node, the Kruse Way corporate corridor, and broader Beaverton and Lake Oswego employment centers, all while sitting less than a half-mile from Washington Square one of the top-grossing shopping malls per square foot in the United States.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

39

PRICE/UNIT

$166,667

CAP RATE

5.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hallmark Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

59

LAND DETAILS

LAND ACRES

1.85 AC

LAND SF

80,586 SF

ZONING

R24, Tigard

APN/PARCEL ID

R0237899

ASK ABOUT THIS PROPERTY

Greg FrickHFO Investment Real EstateMore Info
503-241-5541

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Greg FrickHFO Investment Real EstateMore Info
503-241-5541

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