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The Meadows 1184 NE Turner Dr 10 Unit Apartment Building $1,820,000 ($182,000/Unit) 5.52% Cap Rate Hillsboro, OR 97124
Executive Summary
10 unit apartment community with history of high occupancy. Recent improvements include new roof, vinyl windows, updated interior flooring and landscape improvements. The property has great visibility and ample parking. One of the owners is a licensed real estate broker in Oregon. Please do not disturb residents.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,820,000 | Apartment Style | Low-Rise |
| Price Per Unit | $182,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.52% | Building Size | 7,800 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Zoning | A-4, Hillsboro | ||
| Price | $1,820,000 |
| Price Per Unit | $182,000 |
| Sale Type | Investment |
| Cap Rate | 5.52% |
| Sale Condition | 1031 Exchange |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 7,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.18/1,000 SF |
| Zoning | A-4, Hillsboro |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,420 | 600 |
| 2+1 | 7 | $1,445 | 750 - 800 |
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Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R0705927 | Improvements Assessment | $0 (2026) |
| Land Assessment | $0 (2026) | Total Assessment | $813,840 (2026) |
Property Taxes
Parcel Number
R0705927
Land Assessment
$0 (2026)
Improvements Assessment
$0 (2026)
Total Assessment
$813,840 (2026)
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Contact the Sale Advisor
The Meadows | 1184 NE Turner Dr