Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by Barry Investment Real Estate

$1,495,000

Est. payment - /mo

6,348 SqFt

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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

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Regional Multiple Listing Service (RMLS)

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

3124 19TH PL Forest Grove, OR 97116

Discover Northwest Realty - Land

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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