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Listed by Barry Investment Real Estate
$ 1,495,000
Est. payment /mo
New
3124 19TH PL Forest Grove, OR 97116
6,348 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,348 sqft
Price per Sqft $235
MLS Listing ID 518419674
HOA Y/N No
Year Built 1972
Annual Tax Amount $8,070
Tax Year 2025
Lot Size 0.360 Acres
Property Description
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.
Location
State OR
County Washington
Community Laundry
Area _152
Zoning CC
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Community Features Laundry
Roof Type Composition
Garage No
Building
Lot Description Level
Story 1
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Joseph Gale
Middle Schools Tom Mccall
High Schools Forest Grove
Others
Acceptable Financing CallListingAgent, Cash, Conventional
Listing Terms CallListingAgent, Cash, Conventional
