Amber Lantern Apartments

18140 SW Shaw Street, Beaverton, OR 97078, Beaverton, OR 97078

  • For Sale $2,250,000
  • Property Type Other
  • Units 12
  • Year Built 1972
  • Date Updated Sep 3, 2025

Amber Lantern Apartments presents investors with an opportunity to acquire a well-maintained, 12-unit multifamily asset in the heart of Beaverton—one of the Portland metro’s strongest and most resilient submarkets. Built in 1972 and recently updated with new interior finishes, appliances, and a repaved parking lot, the property offers a turnkey investment with stable in-place income and operational efficiency.

The spacious one-, two-, and three-bedroom units feature fully equipped kitchens with dishwashers, in-unit washers and dryers, and private patio space—highly desirable amenities that support long-term tenant retention. Off-street parking and a quiet residential setting enhance renter appeal, while the property’s Walk Score of 83 and Bike Score of 87 reflect excellent connectivity to everyday essentials.

Ideally positioned just off the Tualatin Valley Highway, Amber Lantern offers direct access to Oregon’s Silicon Forest—home to major employers like Intel, Nike, and Tektronix—driving consistent renter demand from high-income professionals. Residents enjoy proximity to key employment campuses and lifestyle destinations such as The Streets of Tanasbourne and Cedar Hills Crossing, further supporting rental performance.

With limited comparable supply in the immediate area and strong submarket fundamentals, Amber Lantern Apartments offers investors a compelling mix of location, quality, and long-term rent growth potential in one of the region’s most dynamic job corridors.

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Contacts

broker
Jack Stephens

HFO Investment Real Estate | a Member of GREA

Location

Getting Around

  • Walk Score ®

    81/100 Very Walkable

  • Transit Score ®

    39/100 Some Transit

  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Beaverton, OR
  • Zip Code 97078
  • Market Portland

Points of Interest

  • Hawthorn Farm

    4.16 miles

  • Zoo Train

    7.26 miles

  • Northwest Lovejoy & 22nd

    8.49 miles

  • Northwest Northrup & 22nd

    8.54 miles

  • Northwest Lovejoy & 21st

    8.59 miles

  • Northwest Northrup & 21st

    8.63 miles

  • Marquam Hill

    8.72 miles

  • Southwest 11th & Clay

    8.75 miles

  • Southwest Market & Park

    8.84 miles

  • PSU South/Southwest 5th & Jackson

    8.84 miles

  • Chevron

    0.23 miles

  • Shell

    0.89 miles

  • Blink

    0.91 miles

  • ChargePoint

    0.95 miles

  • Costco Gasoline

    1.50 miles

  • 76

    1.95 miles

  • Electrify America

    2.12 miles

  • Fred Meyer

    2.17 miles

  • Swim Center Parking

    0.52 miles

  • Staff Parking

    0.53 miles

  • Student Parking

    0.65 miles

  • Stadium Parking

    0.83 miles

  • Elmonica/Southwest 170th Avenue

    1.40 miles

  • Beaverton Creek

    1.64 miles

  • Jay Street Lot 2

    1.72 miles

  • Jay Street Lot 3

    1.72 miles

  • Jay Street Lot 4

    1.75 miles

  • Willow Creek/Southwest 185th Avenue Transit Center

    1.82 miles

  • Extended Stay America

    1.82 miles

  • Comfort Inn

    2.33 miles

  • Beaverton Budget Inn

    2.43 miles

  • Element Portland Beaverton

    2.58 miles

  • AC Hotel Portland Beaverton

    2.61 miles

  • Hyatt House Portland/Beaverton

    2.66 miles

  • Hilton Garden Inn

    2.78 miles

  • Fairfield Inn

    2.81 miles

  • Homewood Suites

    2.84 miles

  • Motel 6

    2.98 miles

  • Don Chilitos Mexican Grill

    0.12 miles

  • Baghadad Gyro

    0.13 miles

  • OG Mexican Cuisine & Cantina

    0.18 miles

  • Antojitos Y Panaderia La Oaxaqueña

    0.18 miles

  • Zaalook

    0.19 miles

  • Subway

    0.20 miles

  • The Garage Food Carts

    0.20 miles

  • Meal Boy

    0.20 miles

  • Seoul Grill Korean Kitchen

    0.21 miles

  • Sabor Salvadoreno

    0.23 miles

  • International School of Beaverton

    0.21 miles

  • Valor School International

    0.23 miles

  • The Church of Jesus Christ of Latter-day Saints Seminary

    0.49 miles

  • Automotive Technology CTE

    0.57 miles

  • Agape Christian School

    0.57 miles

  • Kinnaman Elementary School

    0.64 miles

  • Aloha High School

    0.67 miles

  • Crescent Islamic Montessori School

    0.68 miles

  • Aloha-Huber Park School

    0.80 miles

  • Beaver Acres Elementary School

    0.95 miles

  • Molly's Daycare

    0.12 miles

  • Mayflower Montessori

    0.26 miles

  • Home Sweet Home Preschool & Child Care

    0.50 miles

  • Tiny Blesings Montessori

    0.57 miles

  • Little Explorer Montessori

    0.62 miles

  • Little Warriors Preschool

    0.63 miles

  • Creative Children's Center

    0.67 miles

  • Cascade Montessori

    0.67 miles

  • Bethlehem Lutheran Preschool

    0.70 miles

  • A+ Academy Learning Center

    0.80 miles

Frequently Asked Questions

How much does Amber Lantern Apartments cost?

The space currently listed for sale at Amber Lantern Apartments asks for $2,250,000.

What is the total square footage of Amber Lantern Apartments?

Amber Lantern Apartments totals 10,908 square feet.

When was this property built?

Amber Lantern Apartments was built in 1972.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Jack Stephens

HFO Investment Real Estate | a Member of GREA

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