Listed by Premiere Property Group, LLC

$6,300,000

Est. payment - /mo

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26,787 SqFt

New

1270 PACIFIC AVE Forest Grove, OR 97116

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 26,787 sqft

Price per Sqft $235

MLS Listing ID 578623787

Year Built 2021

Annual Tax Amount $76,139

Tax Year 2025

Lot Size 0.800 Acres

Property Description

These are newer construction duplexes situated just 3 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 totalCurrent 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.

Location

State OR

County Washington

Area _152

Zoning R-5

Rooms

Basement None

Interior

Heating Forced Air, Heat Pump

Cooling Central Air, Heat Pump

Exterior

View Territorial, Trees Woods

Roof Type Composition,Shingle

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter, Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Joseph Gale

Middle Schools Neil Armstrong

High Schools Forest Grove

Others

Acceptable Financing Conventional

Listing Terms Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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