1049 SE Walnut St, Hillsboro, OR 97123
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1049 SE Walnut St,Hillsboro, OR 97123
$3,235,000
- - Beds
- - Baths
- 18,516 sq. ft.
- Multi-family
- Active
Listed by: phillip barry
Office: barry investment real estate503-593-9707
MLS#:542902612
Source:PORTLAND
Price summary
- Price:$3,235,000
- Price per sq. ft.:$174.71
About this home
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....
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Home facts
- Year built:1957
- Listing ID #:542902612
- Added:6 day(s) ago
- Updated:September 18, 2026 at 12:16 PM
Rooms and interior
- Living area:18,516 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Composition
- Year built:1957
- Building area:18,516 sq. ft.
- Lot area:1.2 Acres
- Lot Features:Level
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Hillsboro
- Middle school:South Meadows
- Elementary school:W.L. Henry
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,235,000
- Price per sq. ft.:$174.71
- Tax amount:$22,756 (2025)
Parking
- Parking description:Carport, Garage
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: September 18, 2026New listings near 1049 SE Walnut St
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