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$3,235,000
542902612 MLS
The Walnut Apartments represent a rare opportunity to acquire a 22-unit, single-level apartment community in the highly desirable Hillsboro submarket (Washington County), offering immediate operational value-add potential.The property features a low-density, courtyard-style layout spread across five separate buildings, an increasingly scarce product type that provides a differentiated living experience. The unit mix includes (4) one-bedroom, (16) two-bedroom, and (2) three-bedroom units, with a variety of floorplans and strong in-place amenities for this vintage. Units feature washer/dryer hookups in all two- and three-bedroom floorplans, private fenced patios, and dedicated carports or garages for each resident, features that continue to drive tenant demand and support rent growth.Additional income potential exists through on-site storage and a fully finished utility room (currently utilized as owner storage), providing a clear path to further revenue growth beyond the rents.The property has been well maintained with meaningful recent capital improvements, including energy-efficient vinyl windows (2016–2017), new electrical panels in all units (2023), new gutters (2025), and ongoing interior renovations, highlighted by higher-end upgrades to the three-bedroom units completed in 2023–2024.Current rents are estimated to be below market, presenting investors with the opportunity to implement a targeted renovation and management strategy to capture significant rental upside, or continue to benefit from organic rent growth in Hillsboro.Located just three blocks from the MAX Light Rail and near downtown Hillsboro, the property offers excellent access to major employment centers, services, and transportation. The Walnut Apartments are well-positioned in the path of continued growth and investment within the Hillsboro submarket, offering investors the opportunity to acquire a well-located asset with immediate upside and long-term appreciation potential.

1049 SE WALNUT ST, Hillsboro

$549,000
707233148 MLS
Investment opportunity in a convenient Hillsboro location! This income-producing duplex features two units, each with 2 bedrooms, 1 bathroom, approximately 784 square feet of living space, and an attached 1-car garage. Both units offer washer and dryer hookups, plus sliding doors that open to private patios and yard space. Unit B is currently vacant and available to show, making it easy to get a closer look at the property and its potential. Less than 2 miles from Old Town Hillsboro, with local shops, restaurants, theaters, and more nearby. Looking to expand your investment? The adjoining duplex is also available under MLS #651875792, or purchase both properties together under MLS #100259281. A great opportunity to add a well-located multifamily property to your portfolio!

1540 SE BUSH A AND B ST, Hillsboro

$749,000
762387194 MLS
This is a dream come true for income potential in this well maintained Hillsboro duplex with both units offering 3 bedrooms, 2.5 bathrooms, & a backyard. Each kitchen offers generous cabinetry & a pass-through to the living area, while upstairs, a spacious primary suite includes an attached bath & walk-in closet. Newly installed decks, separate grassy backyards, an attached single-car garage, private driveway, laundry hookups, & separate utilities round out each unit. Unit 6123 features brand new carpet, hood vent, & stove, while Unit 6121 has newer AC, flooring, & appliances. Recent improvements include attic & crawlspace work in 2021, plus a new roof & exterior paint in 2020!Because both units are vacant, this duplex offers versatility! 1) Live in one & rent the other as a step into investing, 2) take advantage of current market rent opportunities on both units for immediate positive cashflow, or even 3) a great fit for multigenerational living with unit separation. Close to Imlay Elementary, Brown Middle School, & Century High School, minutes from Frances Street Park, Foodlandia Food Carts, BRIX Tavern, Spitz, Insomnia Coffee, & Handel's Homemade Ice Cream, with easy access to Tualatin Valley Highway, Cornelius Pass Road, & US 26 for commuting to Intel, Nike, & other major employers. Two move-in-ready units & income potential you can't find regularly make this duplex an opportunity worth a closer look. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251162]

6121 SE FRANCES ST, Hillsboro

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