Amber Lantern Apartments 18140 SW Shaw St 12 Unit Apartment Building $2,250,000 ($187,500/Unit) 6.31% Cap Rate Aloha, OR 97007

Amber Lantern Apartments presents investors with an opportunity to acquire a well-maintained, 12-unit multifamily asset in the heart of Beaverton—one of the Portland metro’s strongest and most resilient submarkets. Built in 1972 and recently updated with new interior finishes, appliances, and a repaved parking lot, the property offers a turnkey investment with stable in-place income and operational efficiency.
The spacious one-, two-, and three-bedroom units feature fully equipped kitchens with dishwashers, in-unit washers and dryers, and private patio space—highly desirable amenities that support long-term tenant retention. Off-street parking and a quiet residential setting enhance renter appeal, while the property’s Walk Score of 83 and Bike Score of 87 reflect excellent connectivity to everyday essentials.
Ideally positioned just off the Tualatin Valley Highway, Amber Lantern offers direct access to Oregon’s Silicon Forest—home to major employers like Intel, Nike, and Tektronix—driving consistent renter demand from high-income professionals. Residents enjoy proximity to key employment campuses and lifestyle destinations such as The Streets of Tanasbourne and Cedar Hills Crossing, further supporting rental performance.
With limited comparable supply in the immediate area and strong submarket fundamentals, Amber Lantern Apartments offers investors a compelling mix of location, quality, and long-term rent growth potential in one of the region’s most dynamic job corridors.