1049 SE Walnut St, Hillsboro, OR 97123

Hillsboro
Local realty services provided by:Knipe Realty ERA Powered
1049 SE Walnut St,Hillsboro, OR 97123
$3,415,000
  • - Beds
  • - Baths
  • 18,516 sq. ft.
  • Multi-family
  • Active
Listed by: phillip barry
Office: barry investment real estate503-593-9707
MLS#:540504192
Source:PORTLAND

Price summary

  • Price:$3,415,000
  • Price per sq. ft.:$184.44

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...

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Home facts

  • Year built:1957
  • Listing ID #:540504192
  • Added:85 day(s) ago
  • Updated:August 08, 2026 at 12:18 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:$3,415,000
  • Price per sq. ft.:$184.44
  • Tax amount:$22,756 (2025)

Parking

  • Parking description:Carport, Garage
MLS LogoAll 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 Knipe Realty ERA Powered 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: August 8, 2026

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