$1,300,000
$100K PRICE DROP

Estimated payment $7,598/month

Total Views 8,697
-- Bed
-- Bath
5,040 Sq Ft
$258 Price per Sq Ft

Highlights

  • Corner Lot
  • Property is near a bus stop
  • High Speed Internet
  • Handicap Accessible
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

Beautiful updated historic Forest Grove craftsman. Currently being used as an investment property with two amazing units. Adjacent Developable Lot for sale - additional $150,000 if purchased together. 8 bedrooms, 4 full baths, and 2 kitchens, one on each level. Updated in 2016 with tasteful additions, and extremely well maintained. Investor opportunity with solid cash flow.

Listing Agent

Mathew Purcell

John L. Scott Market Center Brokerage Phone: 503-844-9800 License #201209428

John L. Scott Market Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Unreinforced Masonry Building

Interior Spaces

  • 5,040 Sq Ft Home
  • 3-Story Property
  • Apartment Living Space in Basement
  • Security Lights

Parking

  • Open Parking
  • Assigned Parking

Schools

  • Harvey Clark Elementary School
  • Neil Armstrong Middle School
  • Forest Grove High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Handicap Accessible
  • Property is near a bus stop

Listing and Financial Details

  • Assessor Parcel Number R784413

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $20,000
  • Gross Income $70,740
  • Net Operating Income $82,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,270

Year Built

Built in 1912 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1912
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: SeparateLivingQuartersApartmentAuxLivingUnit
  • Storage: Garage
  • Lot Size Range: SqFt10000to14999

Exterior Features

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

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,FiberOptics
  • Security: HandicapAccess, SecurityLights, Sidewalk
  • Cooling: CentralAir, MiniSplit
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

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

Lot Info

  • Zoning: cc
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196.0
  • Parcel #: R784413

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4269.52

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 3
  • Gross Rent Multiplier: 18.38
  • Annual Gross Income: 70740.0
  • Property Net Operating Income: 82000.0
  • Annual Operating Expense: 20000.0

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 $4,270 $226,500 -- --
2024 $4,233 $226,000 -- --
2023 $4,233 $225,500 $0 $0
2022 $3,804 $225,500 $0 $0
2021 $3,860 $224,570 $0 $0
2020 $3,727 $211,670 $0 $0
2019 $3,752 $211,590 $0 $0
2018 $3,745 $211,520 $0 $0
2017 $3,736 $211,450 $0 $0
2016 $4,306 $243,440 $0 $0
2015 $4,059 $236,350 $0 $0
2014 $4,823 $236,345 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2025 03/31/25 Price Changed $1,300,000 -7.1% $258 / Sq Ft
01/30/2025 01/30/25 For Sale $1,400,000 +75.0% $278 / Sq Ft
11/29/2021 11/29/21 Sold $800,000 -11.1% $159 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
07/19/2021 07/19/21 Price Changed $900,000 -2.7% $179 / Sq Ft
03/19/2021 03/19/21 For Sale $925,000 -- $184 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Deed History

Date Type Sale Price Title Company
Warranty Deed $91,000 None Listed On Document
Warranty Deed $800,000 First American Title
Warranty Deed $275,000 First American
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 New Conventional
Previous Owner $206,250 New Conventional
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 754960883

Regional Multiple Listing Service (RMLS)

APN: R0784413