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2731 SE River Rd, Hillsboro, OR 97123
About this home
Seller will provide a one year home warranty. One apartment just remodeled. Both now rented. Two 2-bedroom, one bath apartments. Each apartment has range, refrigerator, dishwasher and washer and dryer hook-ups. Rents $1,095 and $1,250. 12.9x GRM. This is a good duplex, in a nice area, just ready for any investor. Please do not disturb the tenants. Investor Package available. Sold "AS IS", but not a fixer!

Redfin Estimate
Market trends in 97123, OR
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
- NEW 19 HRS AGO$99,9002 beds2 baths960 sq ft2681 SE River Rd #39, Hillsboro, OR 97123Alberto Gamino Meza • All Professionals Real Estate
- NEW 22 HRS AGO$410,0004 beds3 baths1,902 sq ft3456 SE Pepperwood Way, Hillsboro, OR 97123Mark Scholz • Keller Williams Realty Portland Premiere
- OPEN SAT, 1PM TO 3PM$1,950,0005 beds6 baths6,512 sq ft21685 NE Ornduff Rd, Hillsboro, OR 97123Lisa Miller • Knipe Realty ERA Powered
- OPEN SAT, 1PM TO 3PM$472,5003 beds3 baths1,687 sq ft918 SE Portlandia Ave, Hillsboro, OR 97123Maureen Daniels • Berkshire Hathaway HomeServices NW Real Estate
- $450,0004 beds3 baths1,902 sq ft3414 SE Northwood Way, Hillsboro, OR 97123Teresa Sales • John L. Scott Market Center
- 3D WALKTHROUGH$519,9004 beds3 baths2,007 sq ft1568 SE Gerhard Dr, Hillsboro, OR 97123Eddie Chanez • All Professionals Real Estate
- $599,9994 beds3 baths2,864 sq ft4388 SE Pine Way, Hillsboro, OR 97123Mark Charlesworth • Keller Williams PDX Central
- $619,0003 beds2 baths2,305 sq ft912 E Main St, Hillsboro, OR 97123Clint Currin • RE/MAX Equity Group
See all
Provided by Redfin
Sale history for 2731 SE River Rd
$196/sq ft
$201/sq ft
$205/sq ft
$205/sq ft
$83/sq ft
$83/sq ft
Nice duplex in fantastic location! Conveniently located close to Max, shopping, parks & schools, with easy access to main roads. Good floor plan, private back yard. Ask your agent about Homesteps buyer incentives!
As the MLS and public records start to fill up, we'll list the details here.
Public record
- Public record
- Zoning
MR-1
Multi-Dwelling Residential Zone
Create and Maintain Middle Housing and Single Detached Residential Opportunities. The MR-1 zone implements the highest density of the Residential Medium Density Comprehensive Plan designation, providing an opportunity for small lot single detached dwellings, middle housing, and multi-dwelling residential development in appropriate areas; Preserve Neighborhood Livability. The MR-1 zone encourages livability in existing and future residential neighborhoods by allowing residential development with compatible non-residential uses such as schools, assembly facilities and parks.Include but are not limited to:
- Housing-Group
- Housing-Single unit
- Housing-Multiple units
Property details
Parking
- Parking Information
- Parking Features: Assigned, Carport
- Parking Total: 4
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Basement: Crawl Space
- Multi Unit Information
- # Of Units Total: 2
- Unit Information
- Unit Type: 1, 2
- Unit Type 1 Information
- Actual Rent: $1,095
- Area: 904
- Baths Total: 1
- Beds Total: 2
- Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $1,250
- Area: 904
- BathsTotal: 1
- Beds Total: 2
- Features: Dishwasher, Range, Refrigerator, Washer/Dryer Hookup
- Units Total: 1
Exterior
- Exterior Features
- Exterior Description: Lap Siding
- Lot Information
- Lot Features: Level
- Parcel Number: R332063
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- View YN: No
- Building Information
- Year Built: 1973
- Building Area Total: 1,808
Financial
- Tax Information
- Tax Legal Description: ROSHAK PARK, LOT 6, ACRES .18
- Tax Annual Amount: $2,551
- Rent Information
- Rent Includes: Sewer, Trash Collection, Water
- Lease / Rent Information
- CAP Rate: 5.69
- Gross Rent Multiplier: 12.9
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Baseboard
- Cooling YN: No
Location
- School Information
- Elementary School: Minter Bridge
- Middle Or Junior School: South Meadows
- High School: Hillsboro
- Location Information
- Directions: Tualatin Valley Hwy. 8 to Minter Bridge Rd to River Rd.
- Unparsed Address: 2731 SE RIVER RD, Hillsboro, OR 97123
- Community Information
- Zoning: MFR-1
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: —
- Stories: —
- Lot Size: —
- Style: Multi-Family (2-4 Unit)
- Year Built: —
- Year Renovated: —
- County: Washington County
- APN: TOFOLLOW
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public K-6 • Assigned • 1.2mi
Public 7-8 • Assigned • 1.1mi
Public 9-12 • Assigned • 0.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 92° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
11 unhealthy days expected this year, 11 days in 30 years
Sun exposure
In this area, properties receive around 9.4 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 2731 SE River Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 800 Sq. Ft. | $43,932 |
2 Beds | 2 Baths | 1200 Sq. Ft. | $56,624 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1920 Sq. Ft. | $470,138 |
6 Beds | 2 Baths | 1924 Sq. Ft. | $493,964 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1808 Sq. Ft. | $498,860 |
3 Beds | 2 Baths | 1488 Sq. Ft. | $70,679 |
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