REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Carrie Warlaumont

carriewarlaumont@epique.me +1(503) 803-3812

Listed by Barry Investment Real Estate

$ 1,495,000

Est. payment | -/mo

6,348 SqFt

Save

$ 1,495,000

Est. payment | -/mo

Save

6,348 SqFt

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

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 803-3812

carriewarlaumont@epique.me

1026 SW Greenburg Rd Fl 4, Portland, OR, 97223

3124 19TH PL Forest Grove, OR 97116