$501,000
SOLD MAY 8, 2025
-- Bed
-- Bath
1,560 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$321 Per Sq Ft

1% Above List Price

7 Days on Market

Highlights

  • Storage
  • Wall Furnace
  • 1-Story Property
  • Level Lot

About This Home

As of May 2025

Professionally managed duplex close to Pacific University and downtown. Excellent opportunity for owner/occupied or investor. Both units have decks, private backyards, shed storage. Off street parking for 6 vehicles on flag lot. Oversized lot has potential for expansion of existing duplex, or ADU. Buyer to do due diligence. Separate electrical and water meters for each unit. Excellent rental history. Do not disturb tenants. Write all offers subject to inspection.

Last Agent to Sell the Property

Conor Finlay

CORE, Realtors License #201217057 Listed on: 03/03/2025

Co-Listed By

Chris Johnson

CORE, Realtors License #930700182

Last Buyer's Agent

Michael Yazhari

eXp Realty, LLC License #201228070

eXp Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,132

Year Built

  • Built in 2002

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot
  • Flag Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Storage

Parking

  • Paved Parking
  • Open Parking

Schools

  • Fern Hill Elementary School
  • Tom Mccall Middle School
  • Forest Grove High School

Utilities

  • No Cooling
  • Wall Furnace
  • Private Water Source
  • Electric Water Heater

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number R2086319

Community Details

Overview

  • 2 Units
  • Forest Grove Subdivision

Building Details

  • Operating Expense $8,221
  • Gross Income $26,220
  • Net Operating Income $17,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,132

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 2002
  • Property Condition: Existing
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 10,000 to 14,999 SqFt
  • Foundation Details: Slab
  • View: No
  • Lot Features: FlagLot, Level
  • Road Surface Type: Paved
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: WallFurnace
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: Private, PublicWater

Schools

  • Elementary School: Fern Hill
  • High School: Forest Grove
  • Middle Or Junior School: Tom McCall

Lot Info

  • Zoning: RML
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454.0
  • Parcel #: R2086319

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 4132.0
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 18.88
  • Annual Gross Income: 26220.0
  • Property Net Operating Income: 17999.0
  • Annual Operating Expense: 8221.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2025
Closed on
Apr 14, 2025
Sold by
Neil And Kathy Poulsen Llc
Bought by
Cairns Tylee Michael and Cairns Jennifer Ohana
Seller's Agent
Conor Finlay
CORE, Realtors
Buyer's Agent
Michael Yazhari
eXp Realty, LLC
List Price
$495,000
Sold Price
$501,000
Premium/Discount to List
$6,000
1.21%
Views
21
Current Estimated Value
$502,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,356
Avg. Annual Appreciation
0.63%
Original Mortgage
$481,365
Outstanding Balance
$479,228
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$23,128

Purchase Details

Listed on
Feb 21, 2017
Closed on
Apr 18, 2017
Sold by
Larner Charles D and Larner Heidi M
Bought by
Neil & Kathy Poulsen Llc
Seller's Agent
Conor Finlay
CORE, Realtors
Buyer's Agent
Chris Johnson
CORE, Realtors
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%

Purchase Details

Listed on
Feb 21, 2017
Closed on
Mar 6, 2017
Sold by
Larner Charles D
Bought by
Larner Charles D and Larner Heidi M
Seller's Agent
Conor Finlay
CORE, Realtors
Buyer's Agent
Chris Johnson
CORE, Realtors
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%

Purchase Details

Listed on
Feb 19, 2015
Closed on
Apr 17, 2015
Sold by
Orozco Maria C
Bought by
Larner Charles D
Seller's Agent
Steve Dials
Weichert, Realtors on Main Street
Buyer's Agent
Steve Dials
Weichert, Realtors on Main Street
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.44%
Original Mortgage
$186,558
Interest Rate
3.7%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 27, 2003
Sold by
Brown Jerry L and Brown Cheryl S
Bought by
Orozco Maria C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,800
Interest Rate
5.79%
Mortgage Type
Balloon
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $506,700 Wfg Title
Warranty Deed $325,000 Wfg Title
Interfamily Deed Transfer -- None Available
Warranty Deed $190,000 Fidelity National Title
Warranty Deed $181,500 Fidelity Natl Title Co Of Or
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $481,365 New Conventional
Previous Owner $186,558 FHA
Previous Owner $144,800 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2025 05/08/25 Sold $501,000 +1.2% $321 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/03/2025 03/03/25 For Sale $495,000 +52.3% $317 / Sq Ft
04/25/2017 04/25/17 Sold $325,000 -3.0% $207 / Sq Ft View Prior Sale
03/18/2017 03/18/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $335,000 +76.3% $214 / Sq Ft
04/20/2015 04/20/15 Sold $190,000 -5.0% $121 / Sq Ft View Prior Sale
02/20/2015 02/20/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $199,900 -- $127 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

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 $4,132 $225,280 -- --
2024 $3,986 $218,720 -- --
2023 $3,986 $212,350 $0 $0
2022 $3,485 $212,350 $0 $0
2021 $3,440 $200,170 $0 $0
2020 $3,422 $194,340 $0 $0
2019 $3,346 $188,680 $0 $0
2018 $3,243 $183,190 $0 $0
2017 $3,143 $177,860 $0 $0
2016 $3,054 $172,680 $0 $0
2015 $2,937 $167,660 $0 $0
2014 -- $162,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 161033723

Regional Multiple Listing Service (RMLS)

APN: R2086319