3124 19TH PL, Forest Grove, OR 97116

  • $1,495,000

Overview

  • 6348 Sqft
    Property Size
  • 1972
    Year Built
  • MultiFamily
    Property Type
  • 518419674
    MLS#
  • 0.36 Acres
    Land Area
  • Barry Investment Real Estate
    Office Name
  • Phillip Barry
    Agent Name

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
  • Price $1,495,000
  • Property Size 6348 Sqft
  • Land Area 0.36 Acres
  • Garage Size x x
  • Year Built 1972
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Barry Investment Real Estate
  • Agent Name Phillip Barry
  • Office Phone 503-593-9707

Additional details

  • Listing Terms Call Listing Agent, Cash, Conventional
  • Roof Composition
  • Sewer Public Sewer
  • Cooling None
  • Heating Baseboard
  • County Washington
  • Property Type MultiFamily
  • Parking Assigned, Off Street
  • Elementary School Joseph Gale
  • Middle School Tom McCall
  • High School Forest Grove
  • Community Features Laundry

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