NOT LISTED FOR SALE

1907 23rd Ave Forest Grove, OR 97116

-- Bed
-- Bath
5,130 Sq Ft
0.29 Acres

Last Sold June 20, 2024

Last sale price $650,000 $127 Per Sq Ft

22 Days on Market

Highlights

  • Laundry Facilities
  • Wood Siding
  • Heating System Mounted To A Wall or Window
  • Level Lot

About This Home

As of June 2024

Located near the Pacific University campus, the property is a six-unit, two-story apartment property comprised of all flat units and was built in 1920. Construction is primarily wood frame exterior walls with painted wood lap siding and wood frame roof with composition shingle cover. The property is comprised of one-bedroom units with one bathroom. Current rents are approximately 35% below current averages for one bedroom apartments in the area. The astute investor could bring rents to market over time as well as finish out the basement to add an additional unit to the portfolio. Offer subject to interior inspection. Do not Disturb Tenants.

Last Agent to Sell the Property

Benjamin Ficker

Keller Williams Sunset Corridor Brokerage Phone: 971-235-9561 License #200412166 Listed on: 03/23/2024

Keller Williams Sunset Corridor

Last Buyer's Agent

James Spitler

eXp Realty, LLC License #201229856

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,897

Year Built

  • Built in 1920

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,130 Sq Ft Home
  • 3-Story Property

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R745741

Community Details

Building Details

  • Operating Expense $28,805
  • Gross Income $64,785
  • Net Operating Income $35,980

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,897

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1920
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Basement
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: OffStreet
  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallHeater
  • Heating Yn: No
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

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

Lot Info

  • Zoning: RMH
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632.0
  • Parcel #: R745741

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 4897.17

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 10.03
  • Annual Gross Income: 64785.0
  • Property Net Operating Income: 35980.0
  • Annual Operating Expense: 28805.0

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 Change Sq Ft Price
06/20/2024 06/20/24 Sold $650,000 0.0% $127 / Sq Ft
04/23/2024 04/23/24 Off Market $650,000 -- --
04/15/2024 04/15/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $650,000 -- $127 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Benjamin Ficker

    Seller's Agent in 2024

    Benjamin Ficker

    Keller Williams Sunset Corridor

    (971) 235-9561

    55 Total Sales

    Benjamin Ficker
    Section Image
  • James Spitler

    Buyer's Agent in 2024

    James Spitler

    eXp Realty, LLC

    (888) 814-9613

    76 Total Sales

    James Spitler
    Section Image
See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24546217

Regional Multiple Listing Service (RMLS)
Oregon Washington County Forest Grove 97116

1907 23rd Ave, Forest Grove, OR

This home is located at 1907 23rd Ave, Forest Grove, OR 97116 since 23 March 2024. This property was built in 1920. 1907 23rd Ave is a home located in Washington County with nearby schools including Harvey Clarke Elementary School, Tom McCall Upper Elementary School, and Neil Armstrong Middle 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.

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