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$545,000   Price Analysis
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3304 22nd Pl
Forest Grove, OR 97116
4 bed 2 bath 1,748 SqFt ($311/SqFt)
0.24 acre lot. Built 1971
Listed 2024-04-19, Taxes $3,046
USDA Eligible
near Forest Grove, OR
 

Fabulous Investment Opportunity Near Pacific University!

* Sale Pending *

One Story Duplex with Two, 2 bed 1 bath units separated by attached sngle car garages. All vinyl double pane windows, newer roof and exterior paint. Newer Kitchen and Bathroom cabs and flooring.

Rents are under market. Both units have large fenced yards with covered patios. 3 minute drive to Pacific University and downtown Fo rest Grove with easy access to Hwy 47. Please do not disturb the tenants or walk the property.


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

Property MLS #24571225 from RMLS

Bedrooms: 4

Full Bathrooms: 2

Storage: Garage

Heating Features: Baseboard
Heating: Yes
Water Heaters: Electricity

Basement Description: CrawlSpace

Lot Description: Cul_de_sac, Level
Lot Size Acres: 0.24
Lot Size Dimensions: 10, 454 sqft
Lot Size Square Feet: 10454

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 0.9 miles away.
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Fern Hill Elementary School is a public elementary school located approximately 1 miles away.
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Forest Grove High School is a public high school located approximately 1.7 miles away.
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Early Learning Community at Pacific University is a private elementary school located approximately 0.9 miles away.
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Gross Income: 33612
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

Calculated Total Monthly Association Fees: 0

LotSizeRange: SqFt10000to14999
Annual Tax Amount: 3484.219999999
Source Listing Status: Pending
County: Washington
Cap Rate: 4.77
Directions: Pacific Ave - N on Oak St - L on 22nd Ave - N on Maple St - R on 22nd Pl
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R748926
Zoning: RMH-FG
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$180,210
$3,046
2021$unknown + $unknown
$174,970
$3,007
2020$unknown + $unknown
$169,880
$2,991
2019$unknown + $unknown
$164,940
$2,924
2018$unknown + $unknown
$160,140
$2,834
2017$unknown + $unknown
$155,480
$2,747
2016$unknown + $unknown
$150,960
$2,670
2015$unknown + $unknown
$146,570
$2,567
2014$unknown + $unknown
$142,310
$2,555
2013$unknown + $unknown
$138,170
$2,528
2012$unknown + $unknown
$134,150
$2,431
2011$unknown + $unknown
$130,250
$2,357
2010$unknown + $unknown
$126,460
$2,338
2008$unknown + $unknown
$119,210
$2,182
2007$unknown + $unknown
$115,740
$2,077

Listed 2024-04-19
$545,000
RMLS

Net Operating Income: 25991
Operating Expense: 7621

Year Built: 1971
Building Area Total: 1748
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.