Presented by: Premiere Property Group, LLC -
Property Description
Newer-construction, fee-simple duplexes located approximately 10 blocks from Pacific University. Current combined gross monthly rental income is approximately $42,000. Assumable loan with a 5.45% interest rate. Income-producing properties with established rental income and assumable financing. Potential opportunity for a 1031 exchange. Buyer to verify rental income, loan terms, assumability, and all property information.
Interior Features
Bedrooms
Unit 1 Beds Total3
Unit 10 Beds Total3
Unit 2 Beds Total3
Unit 3 Beds Total3
Unit 4 Beds Total3
Unit 5 Beds Total3
Unit 6 Beds Total3
Unit 7 Beds Total3
Unit 8 Beds Total3
Unit 9 Beds Total3
Bathrooms
UnitType10BathsTotal2
UnitType5BathsTotal2
UnitType6BathsTotal2
UnitType7BathsTotal2
UnitType8BathsTotal2
UnitType9BathsTotal2
Unit 1 Baths Total2
Unit 2 Baths Total2
Unit 3 Baths Total2
Unit 4 Baths Total2
Other Interior Features
UnitType10ActualRent4300
UnitType10FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType10UnitsTotal2
UnitType1ActualRent4300
UnitType1FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType1UnitsTotal2
UnitType2ActualRent4300
UnitType2FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType2UnitsTotal2
UnitType3ActualRent4300
UnitType3FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType3UnitsTotal2
UnitType4ActualRent4300
UnitType4FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType4UnitsTotal2
UnitType5ActualRent4300
UnitType5FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType5UnitsTotal2
UnitType6ActualRent4300
UnitType6FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType6UnitsTotal2
UnitType7ActualRent4300
UnitType7FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType7UnitsTotal2
UnitType8ActualRent4300
UnitType8FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType8UnitsTotal2
UnitType9ActualRent4300
UnitType9FeaturesDishwasher, Range, Refrigerator, WasherDryer
UnitType9UnitsTotal2
FuelDescriptionElectricity, Gas
BasementNone
Hot WaterGas, Tankless
Unit TypeUnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
General
Accessory Dwelling Unit Y/NN
CityForestGrove
CoolingCentralAir, HeatPump
CountyWashington
DirectionsPacific Ave, north of TV Hwy / Hwy 47 intersection
Elementary SchoolJoseph Gale
Gross Income0
HOANo
HeatingForcedAir, HeatPump
High SchoolForest Grove
Legal DescriptionGALES CREEK TERRACE NO. 4, LOT 150, ACRES 0.09
Listing TermsConventional
Lot Size Square Feet34,848 sqft
MLS Area_152
Middle/Junior High SchoolNeil Armstrong
Net Operating Income0
Number Of Units Total20
Operating Expense0
Parcel Number0
Property ConditionNewConstruction
Property TypeMultiFamily
Rent IncludesElectricity, MaintenanceGrounds, Sewer, TrashCollection, Water
RoofComposition, Shingle
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount$73,859
Tax Year2025
ViewDescriptionTerritorial, TreesWoods
Year Built2021
ZoningR-5
Exterior
Building Area Total27,077 sqft
Exterior DescriptionCementSiding, LapSiding, VinylSiding
Foundation DetailsConcretePerimeter, Slab
Lot FeaturesLevel
Lot Size Acres0.8
Parking FeaturesDriveway
Road Surface TypePaved
Water SourcePublicWater
Additional Details
Price History
Schools
High School
Forest Grove High School
Elementary School
Joseph Gale Elementary School
Middle School
Neil Armstrong Middle School
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