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$995,000   Price Analysis
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2311 21st Pl
Forest Grove, OR 97116
10 bed 4 bath 3,630 SqFt ($274/SqFt)
Built 1963
Listed 2023-12-13, Taxes $3,667
May be USDA loan restricted due to income limits
near Forest Grove

Hard to find four-plex near Pacific University with two 3 bedroom units and two 2 bedroom units.

* No Longer For Sale *
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Each unit has been meticulously maintained, offering a cozy and inviting atmosphere with low maintenance. The layout of the units ensures privacy and comfort, making it an attractive option for tenants, owners and investors! Whether you're an experienced investor, a newcomer to the real estate market or looking for an owner occupied investment, this 4plex offers an excellent opportunity for financial growth.

Take advantage f the robust rental market near the college campus and capitalize on the strong demand for quality housing in Forest Grove. Neighboring 4plex is also available, discount offered for dual purchase.


Presented by Jamie Ford at
John L. Scott Market Center.
Listing Agent Photo

Property MLS #23384300 from RMLS

Bedrooms: 10

Full Bathrooms: 4

Storage: IndividualStorageUnits

Heating Features: Baseboard
Heating: Yes
Water Heaters: Electricity

Basement Description: CrawlSpace

Lot Description: Level

Road Surface Type: Concrete, Paved

Parking Features: Carport, Paved

Elementary School: Harvey Clark
High School: Forest Grove
Middle School: Tom McCall

Joseph Gale Elementary School is a public elementary school located approximately 0.8 miles away.
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Forest Grove High School is a public high school located approximately 1.1 miles away.
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Neil Armstrong Middle School is a public middle school located approximately 1.6 miles away.
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Early Learning Community at Pacific University is a private elementary school located approximately 0.1 miles away.
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Gross Income: 76440
Rent Includes: Sewer, TrashCollection, Water

Number of Units: 4
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 3
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 4193.770000000
Source Listing Status: Closed
County: Washington
Cap Rate: 5.7
Directions: Cedar Street to 21st Place
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R747375
Zoning: MULTI
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$216,910
$3,667
2021$unknown + $unknown
$210,600
$3,619
2020$unknown + $unknown
$204,470
$3,600
2019$unknown + $unknown
$198,520
$3,519
2018$unknown + $unknown
$192,740
$3,412
2017$unknown + $unknown
$187,130
$3,306
2016$unknown + $unknown
$181,680
$3,213
2015$unknown + $unknown
$176,390
$3,089
2014$unknown + $unknown
$171,260
$3,075
2013$unknown + $unknown
$166,280
$3,042
2012$unknown + $unknown
$161,440
$2,926
2011$unknown + $unknown
$156,740
$2,837
2010$unknown + $unknown
$152,180
$2,814
2008$unknown + $unknown
$143,450
$2,625
2007$unknown + $unknown
$139,280
$2,499

Sold 2024-05-02
$995,000
RMLS
Price Changed 2024-01-20
$995,000
RMLS
Price Changed 2024-01-19
$0
RMLS
Listed 2023-12-13
$995,000
RMLS
Sold 2001-09-28
$222,000
Public Record

Net Operating Income: 56741
Operating Expense: 19699

Year Built: 1963
Building Area Total: 3630
Building Exterior Type: Cedar
Foundation Details: ConcretePerimeter
Property Age: 61
Property Condition: UpdatedRemodeled
Roof: Composition
Levels or Stories: 1

Sewer: PublicSewer
Water Source: PublicWater

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.