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Multifamily

Boones Ferry Apartments

18675 SW Boones Ferry Rd, Tualatin, OR 97062

Listing Price: $1,500,000

Cap Rate
5.80%
Number of Units
7
GRM
9.77
Occupancy
95.0%
Price/Unit
$214,286
Price/Gross SF
$252.10
Gross SF
5,950

Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to present Boones Ferry Apartments, a seven-unit multifamily community ideally situated in the heart of Tualatin, Oregon.

Positioned adjacent to Tualatin Commons, the property offers residents immediate access to a vibrant town center featuring a scenic lake, open green space, popular dining destinations, and a variety of community events throughout the year. The location also provides exceptional convenience to major retailers such as Fred Meyer, New Seasons Market, and Cabela’s, with Interstate 5 less than a mile away—connecting residents to the broader Portland metro area within minutes.

Boones Ferry Apartments has benefitted from significant recent capital improvements, including new roofs, windows, siding, and exterior paint. All seven units have been fully updated within the
past five years, featuring modern finishes and well-maintained interiors that enhance both livability and tenant retention. The unit mix includes a combination of two-bedroom/one-bath units, along with one studio and one three-bedroom/two-bath unit, appealing to a diverse tenant base.

This offering provides investors with a rare opportunity to acquire a stabilized, low-maintenance asset in one of Tualatin's most desirable neighborhoods. With strong in-place operations, durable cash flow, and long-term growth potential, Boones Ferry Apartments is positioned as an attractive investment in a high-demand suburban market.

Investment Highlights

  • Exceptional Location & Transit Access
  • Extensive Recent Capital Improvements
  • Desirable Townhome Layouts

Exclusively Listed By

Financing By

Multifamily

Boones Ferry Apartments

Listing Price: $1,500,000

Cap Rate
5.80%
Number of Units
7
GRM
9.77
Occupancy
95.0%
Price/Unit
$214,286
Price/Gross SF
$252.10
Gross SF
5,950

Investment Highlights

  • Exceptional Location & Transit Access
  • Extensive Recent Capital Improvements
  • Desirable Townhome Layouts

Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to present Boones Ferry Apartments, a seven-unit multifamily community ideally situated in the heart of Tualatin, Oregon. Positioned adjacent to Tualatin Commons, the property offers residents immediate access to a vibrant town center featuring a scenic lake, open green space, popular dining destinations, and a variety of community events throughout the year. The location also provides exceptional convenience to major retailers such as Fred Meyer, New Seasons Market, and Cabela’s, with Interstate 5 less than a mile away—connecting residents to the broader Portland metro area within minutes. Boones Ferry Apartments has benefitted from significant recent capital improvements, including new roofs, windows, siding, and exterior paint. All seven units have been fully updated within the past five years, featuring modern finishes and well-maintained interiors that enhance both livability and tenant retention. The unit mix includes a combination of two-bedroom/one-bath units, along with one studio and one three-bedroom/two-bath unit, appealing to a diverse tenant base. This offering provides investors with a rare opportunity to acquire a stabilized, low-maintenance asset in one of Tualatin's most desirable neighborhoods. With strong in-place operations, durable cash flow, and long-term growth potential, Boones Ferry Apartments is positioned as an attractive investment in a high-demand suburban market.

Exclusively Listed By

Financing By

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