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    • Price cut: $700K (5/12)
    $1,049,999

    121 SE 8th Ave, Hillsboro, OR 97123

    6beds
    2,652sqft
    : 
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    Multi Family
    Built in 2002
    -- sqft lot
    $-- Zestimate®
    $396/sqft
    $-- HOA

    What's special

    New furnishingsPrivate fully fenced yardsFresh interior paint throughoutEfficient gas heating
    Check out this fabulous tri-plex! 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. Units have separate tax ID #’s and can be sold separately. [Home Energy Score = 9. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10233586]
    171 days
    |
    238
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Renae Thompson 503-929-1223,

    Knipe Realty ERA Powered

    Source: RMLS (OR),MLS#: 108703487MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 3
      • Partial bathrooms: 3
      Heating
      • Forced Air
      Cooling
      • None
      Appliances
      • Included: Refrigerator, Washer/Dryer, Electric Water Heater, Tank Water Heater
      Features
      • Flooring: Hardwood
      • Basement: Crawl Space
      Interior area
      • Total structure area: 2,652
      • Total interior livable area: 2,652 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Deck
      • Has view: Yes
      • View description: City, Territorial
      Lot
      • Size: 871 Square Feet
      • Features: Level, On Busline, SqFt 0K to 2999
      Details
      • Additional parcels included: R2117099,R2117510
      • Parcel number: R2117509
      • Zoning: SCR-DNC

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Siding
      • Foundation: Concrete Perimeter
      • Roof: Composition
      Condition
      • Approximately
      • Year built: 2002

      Utilities & green energy

      • Gas: Gas
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Sidewalk
      • Subdivision: Cpo 9 Hillsboro/Orenco
      Location
      • Region: Hillsboro

      Financial & listing details

      • Price per square foot: $396/sqft
      • Tax assessed value: $276,790
      • Annual tax amount: $2,242
      • Date on market: 1/30/2026
      • Listing terms: Cash,Conventional
      • Total actual rent: 6084
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/12/2026Price change$350,000-66.7%$132/sqft
        Source: RMLS (OR) #401477531 Report a problem
        4/10/2026Price change$1,049,999-6.3%$396/sqft
        Source: RMLS (OR) #108703487 Report a problem
        1/31/2026Listed for sale$1,120,000+263.5%$422/sqft
        Source: RMLS (OR) #108703487 Report a problem
        5/22/2023Sold$308,150$116/sqft
        Source: Public Record Report a problem
        8/23/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        8/18/2021Listed for rent$1,450$1/sqft
        Source: Zillow Rental Manager Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,243 +0.4%$136,690 +3%
        2024$2,234 +2.9%$132,710 +3%
        2023$2,171 +2.8%$128,850 +3%
        2022$2,112 +2%$125,100
        2021$2,070 +2.2%--
        2020$2,025 +3%$117,930 +3%
        2019$1,967 +4.5%$114,500
        2018$1,883 $114,500 +6.1%
        2017$1,883 +6.7%$107,940 +3%
        2016$1,765 $104,800 +3%
        2015$1,765 +4.2%$101,750 +3%
        2014$1,694 +2.8%$98,790 +3%
        2013$1,648 +3.2%$95,920 +3%
        2012$1,597 +3.8%$93,130 -17.2%
        2011$1,539 +1.3%$112,540 -7.6%
        2010$1,519 +3.6%$121,830 -5.7%
        2009$1,467 +5.8%$129,160 -8.6%
        2008$1,387 +0.4%$141,250 +0.8%
        2007$1,381 +18.7%$140,120 +9.5%
        2006$1,163 -0.2%$127,920 +23.4%
        2005$1,166 +1.6%$103,630 +3.9%
        2004$1,147 $99,780
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 97123

        Getting around

        86 / 100
        Very Walkable
        56 / 100
        Good Transit
        84 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Lincoln
        • Middle: Evergreen
        • High: Glencoe

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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