1907 23RD AVE Forest Grove, OR $ 650,000
1907 23RD AVE
$ 650,000
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1907 23RD AVE

Forest Grove, OR, 97116
$ 650,000
Bedrooms6 Baths6.0 Sq 5,130

Monthly Estimate*

$ 4,320

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Multi-Family Home for sale in Forest Grove, OR

for $650,000 with 6 bedrooms and 6 full baths. This 5,130 square foot home was built in 1920 on a lot size of 0.29.

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.

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Multi-Family Pending

Price

$ 650,000

Bedrooms

6

Full Bath

6

Property Type

Multi-Family

Taxes

$ 4,897

Style

Lot Size

0.29

Year Built

1920

Town/City

Forest Grove

County/Region

Washington

MLS | Web ID

24546217

Features
General
Sewer PublicSewer
Heating WallHeater
Cooling None
Roof Composition
Zoning RMH
Year Built 1920
Stories 3
Tax Year 2023
Gross Income 64785.0
Community Features Laundry
County Washington
Net Operating Income 35980.0
Operating Expense 28805.0
Property Type MultiFamily
Rent Includes Sewer TrashCollection Water
Status Pending
Directions HWY 8 N on Main St W on 23rd
High School Forest Grove
City ForestGrove
NumberOfUnitsTotal 6
MLS Area _152
Lot Size Square Feet 12632.0
Street Name 23RD
Listing Terms Cash Conventional
Tax Annual Amount 4897.17
Middle/Junior High School Neil Armstrong
Property Condition Approximately
Days on Market 24
Standard Status Pending
Legal Description WALKERS ADDITION TO THE TOWN OF FOREST GROVE BLOCK 10 LOT PT 4
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Interior
Basement FullBasement Unfinished
Storage Basement
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 1
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 1
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit 5 Beds Total 1
Unit 6 Beds Total 1
Street Suffix AVE
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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Exterior
Parking Features OffStreet
Lot Features Level
Water Source PublicWater
Exterior Description WoodSiding
Building Area Total 5130.0
Lot Size Acres 0.29
Road Surface Type Paved
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Internal Only
Street Number 1 1907
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* Excluded Features
List By
Keller Williams Sunset Corridor

Broker

ben@pdxinvest.com

Email

Affordability Calculator

$4,728
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
$408
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4614156 Elementary School
1951008 Middle School
Forest Grove High School High School
Pricing History
DatePricePrice ChangeDescription
3/23/2024$650,000 Listed Price

Map


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1907 23RD AVE, Forest Grove, OR, 97116 is a Multi-Family Home for sale at $650,000 with 5,130 sqft and a lot size of 0.29. 1907 23RD AVE has 6 bedrooms, 6.0 baths, and was built in 1920. The property's zip code is 97116 which is in Forest Grove, OR