Courtesy: eXp Realty, LLC
888-814-9613
Well-maintained and updated fourplex located in a strong rental corridor near Pacific University, major employers, shopping, and key commuter routes. This asset combines immediate cash flow with significant recent improvements, reducing near-term maintenance concerns for a new owner. All four units have been freshly remodeled, enhancing tenant appeal and supporting strong rental demand. Property upgrades include a new roof (2020), new gutters (2018), updated PEX plumbing from the meter to the building, concrete driveway replacement completed in August 2015, and exterior painting completed in September 2024. Each unit has been remodeled, and interior plumbing has been updated to PEX. Three of the four units are currently occupied. The vacant unit is available for showings and offers flexibility for an owner-occupant or investor to place a new tenant. The three occupied units are leased at $1,600 per month, with scheduled rent increases to $1,680 per month effective September 1, 2026. Tenants pay their own electric service, while ownership covers water, sewer, and garbage, contributing to straightforward property management. The thoughtfully designed unit layouts offer privacy and functionality, appealing to a broad tenant base that includes university affiliates, local workforce housing renters, and long-term residents seeking convenient access to Forest Grove amenities. Strong rental demand and limited multifamily inventory continue to support the area's long-term investment fundamentals. Whether expanding an existing portfolio or acquiring a first multifamily property, this fourplex presents an attractive opportunity to acquire a stabilized asset with substantial recent upgrades, immediate income, built-in rent growth, and future upside. The vacant unit provides immediate access for inspections, showings, and strategic leasing decisions, making this a versatile investment in one of Forest Grove's most consistently sought-after rental markets.
Courtesy: Weichert, Realtors on Main Street
971-371-3500
Introducing 2012-2016 Main Street, a standout mixed-use asset in the heart of Forest Grove, OR. This two-story building offers high-visibility ground-floor space occupied by a restaurant and adjacent office space, plus two thoughtfully laid-out residential units on the upper level. Situated just blocks from Pacific University, the property benefits from strong foot traffic, student demand, and easy access to city amenities.
Courtesy: Barry Investment Real Estate
503-593-9707
The Donna Place Apartments is an 8-unit multifamily asset located in the desirable Forest Grove submarket of Washington County. Originally constructed in 1972, the property features a low-density, single-level courtyard setting with a strong history of stable occupancy.The unit mix consists of (2) one-bedroom units and (6) two-bedroom units, offering broad tenant appeal within a quiet, residential setting. The units feature large floor plans, with most units having access to large private patios. The property currently generates solid in-place income supported by a mix of long-term residents and recently updated units. There is some near-term upside in the rents, along with additional revenue sources that can be further utilized – including the addition of Utility Bill back (not currently in place), and the implementation of storage locker rentals (currently on-site but not being rented *Potential for a new owner to renovate and capitalize on storage revenue*).Ownership has completed several capital improvements over time, including a new roof in 2017, and many ongoing interior updates at unit turnovers. The property has also benefited from the installation of new PEX water lines installed roughly 15-20 years ago, and new energy efficient vinyl windows & sliders throughout (installed roughly 15-20 years ago).The Donna Place Apartments offer investors the opportunity to acquire a well-maintained, stabilized asset with clear operational upside. A rare opportunity to invest in Forest Grove, one of Washington County’s most stable and desirable submarkets.Seller is a licensed real estate broker in the State of Oregon and is acting as the listing broker for the Property.
Courtesy: Premiere Property Group, LLC
503-670-9000
1031, sell them per your tax scenario. Since these are Fee Simple, you can sell them per your greatest tax advantage. Great assumable 5.45 rate loan! These are newer construction duplexes situated just 13 blocks from Pacific University in a great college town location with strong rental demand. The properties feature good street appeal and are convenient to campus, downtown Forest Grove, and commuting routes. **Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000 total. Current combined monthly income for all 10 properties is approximately $42,000+. Roughly half of the $6.3M portfolio purchase price may qualify for loan assumption at a low interest rate. This is an excellent opportunity for investors seeking residential income property in Forest Grove. Newer development allows you Low Maintenance cost. Fee Simple units.
Courtesy: Oregon First
503-646-5006
Turnkey Quadplex Investment Opportunity!Discover a rare, income-producing property in the heart of Forest Grove’s charming Old Town district. This well-maintained quadplex—comprised of two duplex buildings, offers immediate cash flow with all units currently rented, making it an ideal turnkey investment for both seasoned and first-time investors.Each of the four units features 2 bedrooms, 1 bathroom, plus additional storage shed. The property has seen recent updates, enhancing both curb appeal and long-term efficiency. While the interiors vary in level of updates, all units have been consistently cared for and are in solid condition.Set back in a peaceful, private setting, the property feels like a hidden oasis, complete with a landscaped common area that adds to tenant appeal and retention. Additional features include a 4 car carport, ample off-street parking, and the spacious storage shed.Investors will appreciate the upside potential providing flexibility to adjust rents to market rates or explore an owner-occupant strategy.Whether you’re looking to expand your portfolio or secure a stable, income-generating asset with future growth potential, this quadplex checks all the boxes.Pease do not disturb tenants. Write offers subject to interior inspection, after mutual acceptance.
Forest Grove is located in Oregon. Forest Grove, Oregon has a population of 25,767. Forest Grove is more family-centric than the surrounding county with 39.36% of the households containing married families with children. The county average for households married with children is 36.2%.
The median household income in Forest Grove, Oregon is $73,499. The median household income for the surrounding county is $92,025 compared to the national median of $69,021. The median age of people living in Forest Grove is 35 years.
The average high temperature in July is 81.1 degrees, with an average low temperature in January of 34.3 degrees. The average rainfall is approximately 42.3 inches per year, with 3.5 inches of snow per year.
