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Forest Grove,OR 97116
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,036 sqft
Price per Sqft $530
MLS Listing ID 137625849
Style Stories1
Bedrooms 3
Full Baths 2
Year Built 1930
Annual Tax Amount $3,517
Tax Year 2024
Lot Size 10,454 Sqft
Property Sub-Type Single Family Residence
Property Description
Investor Opportunity in the Heart of Forest Grove! Located just minutes from Pacific University, this 1930s-era home offers the perfect blend of current rental potential and future development. Situated on an oversized lot and zoned Residential High Density, this property presents a rare opportunity for savvy investors and developers. The existing 3 bedroom, 2 bathroom home has solid bones and rental income potential, but the real value lies in the land. If you subdivide the lot there is significant potential for redevelopment—think duplex, triplex, fourplex, or even a larger multifamily project. Whether you're looking to renovate and rent, or start fresh with a higher-density build, this property checks all the boxes. Buyers to perform their own due diligence with the City of Forest Grove regarding zoning, land use, and development options. Don't miss your chance to secure a prime piece of property in a growing area.
Location
State OR
County Washington
Area _152
Interior
Heating Ductless, Mini Split, Pellet Stove
Cooling Mini Split
Exterior
Exterior Feature Deck, Fenced, R V Boat Storage, Tool Shed, Yard
Parking Features Attached
Garage Spaces 1.0
Building
Lot Description Corner Lot, Level
Story 1
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Joseph Gale
Middle Schools Neil Armstrong
High Schools Forest Grove
Others
Acceptable Financing Cash,Conventional,FHA,USDALoan,VALoan
Listing Terms Cash,Conventional,FHA,USDALoan,VALoan