?
  • Chat with Us
  • Submit Feedback
  • TopHap Academy
  • What's New?
Commercial > Multi-family / Apartments
Active
03/19/2025
List Price
$3,675,000

1049 Walnut St
Hillsboro, OR 97123

  • Photo 0
  • Photo 1
  • Photo 2
  • Photo 3
  • Photo 4
  • Photo 5
  • Photo 6
  • Photo 7
  • Photo 8
  • Photo 9
  • Photo 10
  • Photo 11
  • Photo 12
  • Photo 13
  • Photo 14
  • Photo 15
  • Photo 16
  • Photo 17
  • Photo 18
  • Photo 19
  • Photo 20
  • Photo 21
  • Photo 22
  • Photo 23
  • Photo 24
  • Photo 25
  • Photo 26
  • Photo 27
  • Photo 28
  • Photo 29
  • Photo 30
  • Photo 31
  • Photo 32
  • Photo 33
  • Photo 34
  • Malobo BannerMalobo Banner Square
    1049 Walnut St, Hillsboro, OR 97123 is a multi-family/apartments property built in 1957 on a 1.200 acre lot with 15 construction permits. This multi-family/apartments is currently listed for $3,675,000, and it was last sold in 2005 for $600,000.

    MLS Description

    The listing agent's description. Original Listing

    The Walnut Apartments present a rare opportunity to acquire a 22-unit single level apartment community within the strong sub-market of Hillsboro, Oregon (Washington County). The community offers a value-add component through increased efficiencies and operations. The property provides a unique housing option with a low-density courtyard setting that is spread out amongst 5 buildings. Comprised of a strong unit mix of (4) 1BR, (16) 2BR, and (2) 3BR units, the community has unique amenity offerings in place for this vintage, with units that feature washer/dryer hook ups (for the 2BR & 3BR floor-plans), dedicated carports/garages for each unit, private back patios, clean functional floor-plans, and a serene single level court-yard setting that is truly unique to the area. Additional storage options onsite, along with a fully finished utility room (that currently serves as a manager's office) are available on-site and provide opportunity for additional revenue growth. The property has been well cared for and has undergone many recent capital improvements in recent years, including new energy efficient vinyl windows (2016/2017), New electrical panels in all units (2023), and interior renovations to various levels throughout the years - including the high end renovation of the 3-bedroom units in 2023/2024. The current rents in place trail the market by approximately 15-20%, allowing a value-add investor to bring a new vision to the community by way of interior renovations & present a prime opportunity to capture immediate rental upside. The unique single level nature, and the proximity to downtown Hillsboro provides convenient access to entertainment, services, employment opportunities, and transportation (the property is located 3 blocks from the MAX line). The location of the asset is positioned in the path of progress to reap the long-term benefits of continued improvements and expansion within the Hillsboro sub-market. The Walnut Apartments - a rare opportunity to acquire a legacy property within the Washington County sub-market, with immediate operational value-add opportunities to execute on day one.

    Listing Agents

    The listing agent for 1049 Walnut St is Phillip Barry.

    Permits

    1049 Walnut St has 15 permit records.

    Permit History
    15
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    1049 Walnut St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 1049 Walnut St

    School Information

    Public/private schools serving 1049 Walnut St

    Neighborhood

    This property is located in Hillsboro Orenco, Hillsboro, OR 97123.

    Market Trends

    Historical market data near 1049 Walnut St over selected time period.

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Nearby Properties on Walnut St