Active

$675,000

12380 SW Walnut St, Tigard, OR 97223

4beds

2,204sqft

$4,979/mo

Get pre-qualified

Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$306/sqft

$-- HOA

What's special

Mature fir trees

Excellent investment opportunity in an established Tigard neighborhood! This well-maintained, single-level duplex features two mirrored units, each offering 2 bedrooms, 2 bathrooms, and 1,102 square feet of comfortable living space. Beautiful vaulted ceilings create an open, airy feel, while mature fir trees and spacious, fully fenced backyards provide privacy and room to relax or entertain. Recent improvements include a new roof in 2020, water heaters in 2023, and several updated appliances. Conveniently located within 2 miles of Summerlake Park, Progress Ridge, and downtown Tigard, with shopping, dining, and recreation nearby. With a current 5.8% cap rate and a history of consistent occupancy, this property presents an attractive opportunity for investors seeking established rental performance. The versatile duplex layout also offers flexibility for a variety of ownership goals, including the potential for owner-occupied living with supplemental rental income.

6 days
410
15

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard

Appliances

Included: Dishwasher, Disposal, Refrigerator, Washer/Dryer, Electric Water Heater

Features

Basement: Crawl Space

Interior area

Total structure area: 2,204
Total interior livable area: 2,204 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Driveway
Garage spaces: 2
Has uncovered spaces: Yes

Features

Stories: 1
Has view: Yes
View description: Trees/Woods

Lot

Size: 0.27 Acres
Features: Level, Trees, SqFt 10000 to 14999

Details

Parcel number: R473428
Zoning: R 4.5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Curl Acres

Location

Region: Tigard

Financial & listing details

Price per square foot: $306/sqft
Tax assessed value: $774,140
Annual tax amount: $6,688
Date on market: 10/9/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Total actual rent: 4150
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
10/9/2026	Listed for sale	$675,000+125%$306/sqft
Source: RMLS (OR) #713740556 Report a problem
9/30/2008	Sold	$300,000-3.2%$136/sqft
Source: Public Record Report a problem
8/8/2008	Price change	$309,900-6.1%$141/sqft
Source: Postlets #8063698 Report a problem
7/29/2008	Listed for sale	$329,900+52.9%$150/sqft
Source: Postlets #8063698 Report a problem
2/8/2008	Sold	$215,801+26.9%$98/sqft
Source: Public Record Report a problem
11/28/1997	Sold	$170,000$77/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,689 +9.6%	$357,810 +3%
2024	$6,100 +2.8%	$347,390 +3%
2023	$5,937 +3%	$337,280 +3%
2022	$5,766 +2.6%	$327,460
2021	$5,622 +3.1%	--
2020	$5,453 +4.5%	$308,670 +3%
2019	$5,217 +4.2%	$299,680
2018	$5,005	$299,680 +6.1%
2017	$5,005 +8.6%	$282,490 +3%
2016	$4,607	$274,270 +3%
2015	$4,607 +4%	$266,290 +3%
2014	$4,428 +13.9%	$258,540 +3%
2013	$3,887 0%	$251,010 +3%
2012	$3,888 +4.6%	$243,700 -6.6%
2011	$3,719 -1.3%	$260,930 -20.4%
2010	$3,768 +1.4%	$327,820 -2.2%
2009	$3,716 +9.9%	$335,290 -3.5%
2008	$3,381 +2.7%	$347,310 -4.3%
2007	$3,291 +7.7%	$362,920 +15.3%
2006	$3,056 -0.7%	$314,890 +15.7%
2005	$3,078 +3.2%	$272,270 +4.1%
2004	$2,982 +2.3%	$261,440 +10.2%
2003	$2,915 +5.1%	$237,220 +17.5%
2002	$2,773 +10%	$201,880 +3.1%
2001	$2,521 +4.7%	$195,800 -3.1%
2000	$2,408	$202,070