3124 19TH PL, Forest Grove, OR 97116
- $1,495,000
Overview
- 6348 Sqft
- 1972
- MultiFamily
- 518419674
- 0.36 Acres
- Barry Investment Real Estate
- Phillip Barry
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.
Details
Updated on May 26, 2026 at 11:46 pm-
MLS# 518419674
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Price $1,495,000
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Property Size 6348 Sqft
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Land Area 0.36 Acres
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Garage Size x x
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Year Built 1972
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Property Type MultiFamily
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Property Status Active
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Office Name Barry Investment Real Estate
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Agent Name Phillip Barry
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Office Phone 503-593-9707
Additional details
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Listing Terms Call Listing Agent, Cash, Conventional
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Roof Composition
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Sewer Public Sewer
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Cooling None
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Heating Baseboard
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County Washington
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Property Type MultiFamily
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Parking Assigned, Off Street
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Elementary School Joseph Gale
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Middle School Tom McCall
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High School Forest Grove
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Community Features Laundry
Walkscore
Mortgage Calculator
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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PMI
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Monthly HOA Fees
Contact Information
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