121 SE 8TH AVE Hillsboro, OR $ 1,120,000
121 SE 8TH AVE
$ 1,120,000
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121 SE 8TH AVE

Hillsboro, OR, 97123
$ 1,120,000
Bedrooms6 Baths6.0 Sq 2,652

Monthly Estimate*

$ 6,896

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Multi-Family Home for sale in Hillsboro, OR

for $1,120,000 with 6 bedrooms and 6 full baths. This 2,652 square foot home was built in 2002 on a lot size of 0.02.

Rare Tri-Plex and an exceptional investment opportunity in the Heart of Hillsboro!Just one block from Pacific University, minutes from OHSU/Tuality Hospital, MAX, bus lines, and vibrant downtown Hillsboro. This highly desirable property features three well-appointed townhomes—each on its own tax lot—offering 2 bedrooms and 1.1 baths per unit. Two units have new furnishings that come with the property!Extensively updated, this property boasts a new roof (2024), new washers, dryers, and refrigerators (2024), and private, fully fenced yards with new Trex decking (2025). Additional highlights include efficient gas heating, modern wood-laminate flooring on the main level, and fresh interior paint throughout. Best of all, there are no HOA fees.Ideal for investors seeking strong returns or owner-occupants looking to live in one unit while generating rental income from the others. Also great for short term rentals! A truly rare offering combining premier location, flexibility, and long-term value. Schedule your private showing today! [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10233586]

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Multi-Family Active

Price

$ 1,120,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 2,242

Style

Lot Size

0.02

Year Built

2002

Town/City

Hillsboro

County/Region

Washington

MLS | Web ID

108703487

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling None
Roof Composition
Zoning SCR-DNC
Security Features Sidewalk
Year Built 2002
Stories Count 2
Tax Year 2025
Parcel Number R2117509
Gross Income 55764.0
County Washington
Net Operating Income 49764.0
Operating Expense 12525.0
Property Type MultiFamily
HOA N
Subdivision Name CPO 9 HILLSBORO/ORENCO
Rent Includes None
Status Active
Directions E Main St (L) on SE 8th Ave ( Property On Right)
High School Glencoe
City Hillsboro
Disclosures Disclosure
Number Of Units Total 3
MLS Area _152
Lot Size Square Feet 871.0
Listing Terms Cash Conventional
Elementary School Lincoln
Tax Annual Amount 2242.58
Middle/Junior High School Evergreen
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description THOMAS PLACE LOT 2 ACRES 0.02
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Interior
Basement CrawlSpace
Hot Water Electricity Tank
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Exterior
Parking Features Driveway
Lot Features Level OnBusline
Water Source PublicWater
Total Parking 3.0
Exterior Description WoodSiding
Foundation Details ConcretePerimeter
Building Area Total 2652.0
Lot Size Acres 0.02
Road Surface Type Paved
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Internal Only
Street Number 1 121
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* Excluded Features
List By
Knipe Realty Era Powered

Broker

503-929-1223

Contact

Affordability Calculator

$7,083
Per Month
97%
3%
0%
Monthly Principal & Interest
$6,896
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949532 Elementary School
1949451 Middle School
Glencoe High School High School
Pricing History
DatePricePrice ChangeDescription
1/31/2026$1,120,000 Listed Price

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121 SE 8TH AVE, Hillsboro, OR, 97123 is a Multi-Family Home for sale at $1,120,000 with 2,652 sqft and a lot size of 0.02. 121 SE 8TH AVE has 6 bedrooms, 6.0 baths, and was built in 2002. The property's zip code is 97123 which is in Hillsboro, OR