$650,000 Price Analysis    ♡   Forest Grove, OR 97116 7 bed 4 bath unknown SqFt ($0/SqFt) Built 1968 Listed 2024-01-19, Taxes $4,904 | ✓ USDA Eligible near Forest Grove, OR |
Best Forest Grove duplex cap rate on the market
* Sale Pending *6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additio nal units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20, 000 to make the 4th unit.
HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove locaton, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.
Presented by Jesse Dill at
Premiere Property Group, LLC.
Property MLS #24581375 from RMLS
Heating: Yes
Water Heaters: Electricity
High School: Forest Grove
Middle School: Neil Armstrong
Map directions Map directions Map directions Map directionsRent Includes: Water
Unit Type: UnitTypeType1, UnitTypeType2
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Annual Tax Amount: 5608.979999999
Source Listing Status: Pending
County: Washington
Cap Rate: 6.06
Directions: Sunset Drive, East on 24th, North on Cedar to property
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R744485
Zoning: RMH
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $290,100 | $4,904 |
| 2021 | $unknown + $unknown $281,660 | $4,841 |
| 2020 | $unknown + $unknown $273,460 | $4,814 |
| 2019 | $unknown + $unknown $265,500 | $4,707 |
| 2018 | $unknown + $unknown $257,770 | $4,563 |
| 2017 | $unknown + $unknown $250,270 | $4,422 |
| 2016 | $unknown + $unknown $242,990 | $4,297 |
| 2015 | $unknown + $unknown $235,920 | $4,132 |
| 2014 | $unknown + $unknown $229,050 | $4,112 |
| 2013 | $unknown + $unknown $221,610 | $3,976 |
| 2012 | $unknown + $unknown $222,380 | $3,953 |
| 2011 | $unknown + $unknown $220,430 | $3,989 |
| 2010 | $unknown + $unknown $214,010 | $3,957 |
| 2008 | $unknown + $unknown $201,730 | $3,692 |
| 2007 | $unknown + $unknown $195,860 | $3,515 |
$650,000
RMLS
Price Changed 2024-01-20
$695,000
RMLS
Listed 2024-01-19
$0
RMLS
Sold 2020-01-13
$532,000
Public Record
Sold 2018-07-11
$390,000
Public Record
Sold 1994-06-08
$142,000
Public Record
Operating Expense: 10109
Building Exterior Type: Brick, LapSiding
Foundation Details: ConcretePerimeter
Property Age: 56
Property Condition: Existing
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.