See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1574 SE Spruce St, Hillsboro, OR, 97123

4beds
2baths
2,010sqft
$595,000
$296price/sqft
$3,739/moest. monthly cost
$149,560/yrincome needed

About This Home

A great opportunity for both investors and owner-occupants! This well-maintained, one-level duplex sits on a corner lot in a desirable residential neighborhood and offers two 2-bedroom, 1-bath units, each with an attached one-car garage, in-home laundry with utility sink, ceiling fans, and comfortable living and dining areas. The vacant Unit 1554 is move-in ready with an updated kitchen featuring new cabinets, luxury vinyl plank flooring, and a patio overlooking the large, grassy backyard. Unit 1574 is occupied by long-term tenants who would love to stay, providing immediate rental income. It also offers a fireplace and a covered deck for relaxing outdoors. The spacious yard includes a sprinkler system served by well water. Whether you're purchasing your first investment property, expanding an established real estate portfolio, or looking to live in one unit while generating rental income from the other, this duplex offers flexibility, immediate income potential, and long-term value. Convenient neighborhood shopping, dining, and everyday amenities. The vacant unit is available to show by appointment. Please do not disturb the tenants. Make offers subject to interior inspection of the occupied unit. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10250592]

Getting Around

73
WalkingVery Walkable
47
TransitSome Transit
76
BikeVery Bikeable

Schools

3/10
5/10
4/10
Hillsboro High SchoolGrades 9-121.2 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1961

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Refrigerator,Range,Electric Water Heater
  • Laundry features: Washer Dryer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Window features: Window Coverings

Heating & Cooling

  • Heating features: Forced Air,Fireplace(s)
  • Cooling features: None

Interior Area

  • Total structure area: 2,010
  • Total interior livable area: 2,010 sqft

Property

Details

  • Parcel number: R319195
  • Zoning: R-7

Features

  • Stories: 1
  • Patio & porch: Deck

Lot

  • Lot size: 0.25 Acres
  • Features: Corner Lot,Level,SqFt 10000 to 14999

Parking

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

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Earthquake
Cold Wave
Heat Wave
Ice Storm

FEMA Declared Disasters in Washington County and Oregon

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,008$36,096
Home Insurance *$123$1,476
Property Taxes $426$5,112
Electricity $182$2,188
Total$3,739$44,868
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$128,194/yr
40% on housing$112,170/yr
45% on housing$99,706/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$296This listing

vs Other Active Listings

Avg $/sqft

ZIP 97123$257
Washington County$254

vs Homes Sold Last Month

Median $/sqft

ZIP 97123$299
Washington County$291

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$595,000
2026-08-03Listed for sale$595,000
2014-06-27Listing removed$1,025
2014-06-21Listed for rent$1,025
2013-03-09Listing removed$850
2013-02-01Listed for rent$850

For Sale by Agent

AgentJeff Walker
BrokerageRE/MAX Equity Group

Similar Homes