2321 21st Pl, Forest Grove, OR 97116
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
2321 21st Pl,Forestgrove, OR 97116
$975,000
- - Beds
- - Baths
- 3,252 sq. ft.
- Multi-family
- Pending
Listed by: nick shivers, marcus winklepleck
Office: exp realty, llc.888-814-9613
MLS#:608596890
Source:PORTLAND
Price summary
- Price:$975,000
- Price per sq. ft.:$299.82
About this home
Well-maintained and updated fourplex located in a strong rental corridor near Pacific University, major employers, shopping, and key commuter routes. This asset combines immediate cash flow with significant recent improvements, reducing near-term maintenance concerns for a new owner. All four units have been freshly remodeled, enhancing tenant appeal and supporting strong rental demand. Property upgrades include a new roof (2020), new gutters (2018), updated PEX plumbing from the meter to the building, concrete driveway replacement completed in August 2015, and exterior painting completed in September 2024. Each unit has been remodeled, and interior plumbing has been updated to PEX. Three of the four units are currently occupied. The vacant unit is available for showings and offers flexibility for an owner-occupant or investor to place a new tenant. The three occupied units are leased at $1,600 per month, with scheduled rent increases to $1,680 per month effective September 1, 2026. Tenants pay their own electric service, while ownership covers water, sewer, and garbage, contributing to straightforward property management. The thoughtfully designed unit layouts offer privacy and functionality, appealing to a broad tenant base that includes university affiliates, local workforce housing renters, and long-term residents seeking convenient access to Forest Grove amenities. Strong rental demand and limited multifamily inventory continue to support the area's long-term investment fundamentals. Whether expanding an existing portfolio or acquiring a first multifamily property, this fourplex presents an attractive opportunity to acquire a stabilized asset with substantial recent upgrades, immediate income, built-in rent growth, and future upside. The vacant unit provides immediate access for inspections, showings, and strategic leasing decisions, making this a versatile investment in one of Forest Grove's most consistently sought-after rental markets....
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Home facts
- Year built:1963
- Listing ID #:608596890
- Added:48 day(s) ago
- Updated:July 29, 2026 at 08:34 AM
Rooms and interior
- Basement Description:Crawl Space
- Living area:3,252 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1963
- Building area:3,252 sq. ft.
- Lot area:0.22 Acres
- Lot Features:Level
- Foundation Description:Concrete Perimeter
- Levels:1 Story
Schools
- High school:Forest Grove
- Middle school:Tom McCall
- Elementary school:Harvey Clark
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$299.82
- Tax amount:$5,486 (2025)
Parking
- Total parking spaces:4
- Parking description:Carport, Paved
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