Skip to main content
Back to Search Results
|

1049 SE Walnut St, Hillsboro, OR 97123

Show All 35 Photos
For Sale

$3,675,000

1.2 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 1.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 11453791

Courtesy Of Joseph Bernard Investment Real Estate

(503) 546-9390

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    1.2 Acres

Map and Directions

Directions to 1049 SE Walnut St, Hillsboro, OR 97123

Home seller CENTURY 21 North Homes Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North Homes Realty

(503) 652-2260
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading