$650,000 Price Analysis    ♡   Forest Grove, OR 97116 6 bed 6 bath 5,130 SqFt ($126/SqFt) 0.29 acre lot. Built 1920 Listed 2024-03-23, Taxes $4,282 | ✓ USDA Eligible near Forest Grove, OR Restrictions may apply due to home size |
Located near the Pacific University campus
* Sale Pending *The proper ty is a six-unit, two-story apartment property comprised of all flat units and was built in 1920. Construction is primarily wood frame exterior walls with painted wod lap siding and wood frame roof with composition shingle cover. The property is comprised of one-bedroom units with one bathroom.
Current rents are approximately 35% below current averages for one bedroom apartments in the area. The astute investor could bring rents to market over time as well as finish out the basement to add an additional unit to the portfolio. Offer subject to interior inspection. Do not Disturb Tenants.
Presented by Benjamin Ficker at
Keller Williams Sunset Corridor.
Property MLS #24546217 from RMLS
Water Heaters: Electricity
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Rent Includes: Sewer, TrashCollection, Water
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Middle School: Neil Armstrong
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 4897.170000000
Source Listing Status: Pending
County: Washington
Cap Rate: 5.54
Directions: HWY 8, N on Main St, W on 23rd
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R745741
Zoning: RMH
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $253,290 | $4,282 |
| 2021 | $unknown + $unknown $245,920 | $4,226 |
| 2020 | $unknown + $unknown $238,760 | $4,203 |
| 2019 | $unknown + $unknown $231,810 | $4,110 |
| 2018 | $unknown + $unknown $225,060 | $3,984 |
| 2017 | $unknown + $unknown $218,510 | $3,861 |
| 2016 | $unknown + $unknown $212,150 | $3,752 |
| 2015 | $unknown + $unknown $205,980 | $3,608 |
| 2014 | $unknown + $unknown $199,990 | $3,590 |
| 2013 | $unknown + $unknown $194,170 | $3,552 |
| 2012 | $unknown + $unknown $188,520 | $3,417 |
| 2011 | $unknown + $unknown $183,030 | $3,312 |
| 2010 | $unknown + $unknown $177,700 | $3,286 |
| 2008 | $unknown + $unknown $167,510 | $3,066 |
| 2007 | $unknown + $unknown $162,640 | $2,919 |
$650,000
RMLS
Sold 1997-01-13
$255,000
Public Record
Sold 1995-08-08
$2,060,000
Public Record
Sold 1995-08-07
$2,060,000
Public Record
Operating Expense: 28805
Building Area Total: 5130
Building Exterior Type: WoodSiding
Property Age: 104
Property Condition: Approximately
Roof: Composition
Levels or Stories: 3
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.