Hallmark Apartments

HFO Investment Real Estate is pleased to present the opportunity to acquire Hallmark Apartments, a 39-unit multifamily community located at 9350 SW Hall Blvd in the heart of Tigard, Oregon. Built in 1978 and offered at $6,500,000, the property features an attractive mix of 20 one-bedroom ground-floor flats and 19 two-bedroom, 1.5-bath townhomes, with recent ownership investment in long-term envelope durability through Hardie siding installation. The asset presents an income-producing investment with two distinct paths to near-term NOI growth lease-up of current vacancy and mark-to-market on in-place rents without reliance on heavy capital deployment. Situated in one of the Portland MSA’s most centrally located suburban submarkets, Hallmark offers direct access to Highway 99W, I-217, and I-5, placing residents within a short drive of the Washington Square office node, the Kruse Way corporate corridor, and broader Beaverton and Lake Oswego employment centers, all while sitting less than a half-mile from Washington Square one of the top-grossing shopping malls per square foot in the United States.