Estimated payment $2,930/month
Investor Opportunity in the Heart of Forest Grove! Located just minutes from Pacific University, this 1930s-era home offers the perfect blend of current rental potential and future development. Situated on an oversized lot and zoned Residential High Density, this property presents a rare opportunity for savvy investors and developers. The existing 3 bedroom, 2 bathroom home has solid bones and rental income potential, but the real value lies in the land. If you subdivide the lot there is significant potential for redevelopment—think duplex, triplex, fourplex, or even a larger multifamily project. Whether you’re looking to renovate and rent, or start fresh with a higher-density build, this property checks all the boxes. Buyers to perform their own due diligence with the City of Forest Grove regarding zoning, land use, and development options. Don’t miss your chance to secure a prime piece of property in a growing area.
Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 971-221-6842 License #201214448 Listed on: 05/23/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,518 | $191,790 | -- | -- |
| 2024 | $3,394 | $186,210 | -- | -- |
| 2023 | $3,394 | $180,790 | $0 | $0 |
| 2022 | $2,968 | $180,790 | $0 | $0 |
| 2021 | $2,929 | $170,420 | $0 | $0 |
| 2020 | $2,913 | $165,460 | $0 | $0 |
| 2019 | $2,849 | $160,650 | $0 | $0 |
| 2018 | $2,761 | $155,980 | $0 | $0 |
| 2017 | $2,676 | $151,440 | $0 | $0 |
| 2016 | $2,601 | $147,030 | $0 | $0 |
| 2015 | $2,501 | $142,750 | $0 | $0 |
| 2014 | $2,489 | $138,600 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $484,900 | -2.0% | $468 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $494,900 | -1.0% | $478 / Sq Ft |
| 06/12/2025 06/12/25 | Price Changed | $499,900 | -9.1% | $483 / Sq Ft |
| 05/23/2025 05/23/25 | For Sale | $550,000 | -- | $531 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Personal Reps Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | Accommodation |
$519,000
Special Financing Options available- assumable 3.25% loan or 2-1 Buydown with preferred lender - pick up a flyer for more details! This home is nestled in a cul-de-sac just a few blocks from Pacific University and Historic Downtown Forest Grove. Thoughtful updates include EV charging, whole home A/C, a widened driveway with basketball hoop, fully fenced outdoor space with extra privacy and a
Elisa Buckley John L. Scott
$445,000
This beautifully updated home offers 3 spacious bedrooms, 2.5 bathrooms, and a thoughtfully designed layout filled with modern upgrades and timeless charm. Downstairs showcases brand-new LVP flooring, while the upstairs offers all-new carpet and fresh interior paint, creating a warm and welcoming feel throughout. The fully remodeled kitchen is a true highlight, featuring new cabinetry, sleek
Briana Cleland eXp Realty, LLC
$545,000
Welcome to your dream home in Forest Grove! This beautifully designed 2020 traditional-style home offers 4 bedrooms, 3.5 baths, and 2,522 sq. ft. of stylish, functional living space ready to impress. The main level features sleek laminate flooring, a gourmet kitchen with stainless steel appliances, a large island with eating bar, and a cozy gas fireplace—perfect for everyday living and
Sherry Hawkins Knipe Realty ERA Powered
$495,000
Welcome to this inviting 4-bedroom, 2-bathroom home nestled on a generous corner lot in a quiet, well-established neighborhood. Perfect for anyone looking for a spacious home. This property combines comfort, charm, and convenience. A beautiful mature shade tree is wonderful, creating curb appeal and a cool retreat during warm afternoons. Inside, you’ll find a bright and functional layout with
Lois Waugh HomeSmart Realty Group
$535,000
Seller willing to consider contributing toward Buyer Closing Costs! Basic Home Warranty Provided to Buyers. New Roof, New Carpet & New Stainless Steel Appliances. Move in ready! Quiet cul-de-sac in Forest Grove, well-maintained home offers comfort and space, with 3 bedrooms plus a spacious fourth bedroom or bonus room, 2.5 bathrooms, and 2,290 square feet of living space.Living Room has oversized
Kristen Spellman Real Broker
$555,000
Fully Remodeled Split-Level Home on Quiet Cul-de-Sac.Tucked away at the end of a peaceful street in Cornelius, this beautifully remodeled home offers a perfect blend of style, space, and convenience. With 4 bedrooms and 2.5 bathrooms, including two spacious primary suites, it’s ideal for multi-generational living or welcoming guests in comfort. Step inside to discover a bright, open layout with
Nicole Ellis John L. Scott Market Center
$459,000
Just blocks away from Historic Downtown Forest Grove. The 1915 A.B. Caples house is ready for a new owner with its original charm. On Large Corner Lot with established landscape for privacy. Covered Front Porch entry perfect for sitting and enjoying the breeze. Original Fir Floors. Jotul Woodstove. Stairway entry with built in bench and wainscoting beadboard details. Formal Dining area with Bay
Shauna Stroup-Harrison Oregon First
$525,000
Discover the perfect blend of comfort and elegance in this stunning 4 bedroom retreat where every detail has been thoughtfully designed for your enjoyment. Step inside to find a cozy fireplace that invites warmth and relaxation, while the upscale kitchen dazzles with gorgeous countertops, stainless steel appliances, pantry and an abundance of beautiful cabinetry, making it a chef’s dream.
Margie Waltz John L. Scott Market Center
$458,500
Sunny, corner lot location in the scenic Gales Creek Terrace neighborhood. This popular Great Room plan also has an upstairs bonus room. Main floor living room and island kitchen with eating area, gas fireplace and sliding door to the nifty backyard with hardscape wall and nook area. You can wake up to views of the Coast Range Mountains from the large window in the primary bedroom. Vaulted suite
Tim Pearson MORE Realty
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 137625849
APN: R0440543
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