NOT LISTED FOR SALE

1700 N Davis St Cornelius, OR 97113

-- Bed
-- Bath
5,452 Sq Ft
1972 Built

Last Sold May 01, 2023

Last sale price $850,000 $156 Per Sq Ft

3 Days on Market

Highlights

  • Attached Garage
  • Wood Siding
  • 1-Story Property
  • Baseboard Heating

About This Home

As of May 2023

The Davis Street Apartments feature 5 units in the high demand sub-market of Cornelius, Oregon. The property benefits from a central location within Cornelius and offers a serene garden style setting for tenants to enjoy. The community is comprised of single-level, 2BR/1BA units, with each unit offering a spacious open floor plan, along with W/D hookups & attached garages. The current ownership has taken a pride of ownership approach to managing and improving the asset over time ? which presents an opportunity to step into a turn-key asset, with proven upside in the rents. Major improvements include new roofing, windows, parking lot, water lines, unit doors, garage doors, fencing, and various unit upgrades over time. A rare and exciting opportunity to acquire a well-cared for legacy asset.

Last Agent to Sell the Property

Phillip Barry

Joseph Bernard LLC License #200807134 Listed on: 04/03/2023

Last Buyer's Agent

Phillip Barry

Joseph Bernard LLC License #200807134 Listed on: 04/03/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,232

Year Built

  • Built in 1972

Parking

  • Attached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,452 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number R753517

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $26,601
  • Gross Income $70,026
  • Net Operating Income $43,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,232

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1972
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Garage
  • Lot Size Range: SqFt15000to19999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 15,000 to 19,999 SqFt
  • View: No
  • Roof: Composition

Garage/Parking

  • Parking Description: Attached, Garage
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Other
  • High School: Forest Grove
  • Middle Or Junior School: Neil Armstrong

Lot Info

  • Zoning: CR
  • Parcel #: R753517

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 4231.52

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 12.28
  • Annual Gross Income: 70026.0
  • Property Net Operating Income: 43425.0
  • Annual Operating Expense: 26601.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $850,000 -1.2% $156 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
04/03/2023 04/03/23 For Sale $860,000 -- $158 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Phillip Barry

    Joseph Bernard LLC

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23491251

Regional Multiple Listing Service (RMLS)
Oregon Washington County Cornelius 97113

1700 N Davis St, Cornelius, OR

This home is located at 1700 N Davis St, Cornelius, OR 97113 since 03 April 2023. This property was built in 1972. 1700 N Davis St is a home located in Washington County with nearby schools including Cornelius Elementary School, Neil Armstrong Middle School, and Tom McCall Upper Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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