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$545,000   Price Analysis
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3716 22nd Ave
Forest Grove, OR 97116
4 bed 2 bath 1,672 SqFt ($325/SqFt)
8,712SqFt lot. Built 1971
Listed 2024-04-26, Taxes $2,895
USDA Eligible
near Forest Grove, OR
 

Excellent Investment Opportunity!

* Sale Pending *

Well Maintained Single Level 2bd/1bth DUPLEX w/Attached 1 Car Garages. Large yards wth covered patios, Quiet street, close to Pacific Univ ersity and Downtown Forest Grove with easy access to hwy 47.

All vinyl windows, new roof in 2018, remodeled in 2020. Rents are under market. No sign on property. Please do not go onto property without permission or disturb the tenants. THX!


Presented by Tim Hardy at
Keller Williams Realty Profes.
Listing Agent Photo

Property MLS #24071120 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Storage: Garage

Heating Features: Baseboard
Heating: Yes
Water Heaters: Electricity

Basement Description: CrawlSpace

Lot Description: Level
Lot Size Acres: 0.2
Lot Size Dimensions: 8, 886 sqft
Lot Size Square Feet: 8712

Garage Spaces: 2
Parking Features: Driveway, Garage

Road Surface Type: Paved

Elementary School: Joseph Gale
High School: Forest Grove
Middle School: Neil Armstrong

Neil Armstrong Middle School is a public middle school located approximately 0.6 miles away.
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Cornelius Elementary School is a public elementary school located approximately 1.4 miles away.
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Forest Grove High School is a public high school located approximately 2 miles away.
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Emmaus Christian School is a private elementary and middle school located approximately 0.9 miles away.
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Gross Income: 25842
Rent Includes: Sewer, Water

Number of Units: 2
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 3371.969999999
Source Listing Status: Pending
County: Washington
Cap Rate: 3.27
Directions: Hwy 47 - East on 23rd Ave - Right on Spruce St - 22nd Ave
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R750903
Zoning: FG-RMH
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2020$0 + $0
$164,400
$2,895
2019$0 + $0
$159,620
$2,830
2018$0 + $0
$154,980
$2,744
2017$0 + $0
$150,470
$2,659
2016$0 + $0
$146,090
$2,584
2015$0 + $0
$141,840
$2,485
2014$0 + $0
$137,710
$2,473
2013$unknown + $unknown
$133,700
$2,446
2012$unknown + $unknown
$129,810
$2,353
2011$unknown + $unknown
$126,030
$2,281
2010$unknown + $unknown
$122,360
$2,263
2009$unknown + $unknown
$118,800
$2,185
2008$unknown + $unknown
$115,340
$2,111

Listed 2024-04-26
$545,000
RMLS

Net Operating Income: 17846
Operating Expense: 7996

Year Built: 1971
Building Area Total: 1672
Building Exterior Type: LapSiding
Foundation Details: ConcretePerimeter
Property Age: 53
Property Condition: Existing
Roof: Composition
Levels or Stories: 1

Sewer: PublicSewer
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.