$494,900
$55K PRICE DROP

Estimated payment $3,026/month

Total Views 4,353
3 Beds
2 Baths
1,036 Sq Ft
$478 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Wood Flooring
  • Private Yard
  • Deck
  • Corner Lot
  • No HOA

About This Home

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

Michelle Stepp

Keller Williams Realty Portland Premiere Brokerage Phone: 503-597-2444 License #201214448 Listed on: 05/23/2025

Keller Williams Realty Portland Premiere

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,518

Year Built

  • Built in 1930

Lot Details

  • 10,454 Sq Ft Lot
  • Fenced
  • Corner Lot
  • Level Lot
  • Private Yard

Parking

  • 1 Car Attached Garage
  • Driveway
  • On-Street Parking
  • RV Access or Parking

Home Design

  • Cement Siding

Interior Spaces

  • 1,036 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Free-Standing Range
  • Washer and Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessibility Features
  • Level Entry For Accessibility

Outdoor Features

  • Deck
  • Shed

Schools

  • Joseph Gale Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • Ductless Heating Or Cooling System
  • Mini Split Heat Pump

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R440543

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,518

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Residential
  • Accessibility: Yes
  • Stories: 1
  • Year Built: 1930
  • Property Condition: Approximately
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories1
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Accessibility Features: OneLevel
  • Total Bathrooms: 2.0
  • Interior Amenities: HardwoodFloors, WasherDryer
  • Basement: CrawlSpace
  • Appliances: FreeStandingRange
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Main Level Full Bathrooms: 2
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 2.0
  • BathroomsTotalUpperLevel: 0.0
  • Lot Size Range: SqFt10000to14999
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Main
  • Room 9 Description: DiningRoom

Exterior Features

  • Exterior Description: CementSiding
  • Exterior Features: Deck, Fenced, RVBoatStorage, ToolShed, Yard
  • Lot Size: 10,000 to 14,999 SqFt
  • R V Description: RVParking
  • View: No
  • Lot Features: CornerLot, Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Home Warranty: No

Garage/Parking

  • Garage Type: Attached
  • Parking Description: Driveway, OnStreet
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: Ductless, MiniSplit, PelletStove
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R440543

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 3517.82

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed -- None Listed On Document
Interfamily Deed Transfer -- Accommodation
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 137625849

Regional Multiple Listing Service (RMLS)

APN: R0440543