$1,495,000

3124 19TH Pl, Forest Grove, OR 97116

  • 6,348 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon0.36acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $236/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Date Added:
May 26, 2026
Data Last Updated:
June 27, 2026 at 7:44AM
Listing Office:
Barry Investment Real Estate : 503-593-9707
Listing Agent:
Phillip Barry : 503-593-9707
MLS ID:
518419674
  • Basement: None
  • A/C: None
  • Heating: Baseboard
  • General: Wood siding
  • Parking: AssignedOff streetParking spaces: 9
  • Roofing: Composition
  • General: Block
  • Road/Access: Paved
  • Golf: Laundry
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Washington
  • Zoning: CCVANDERVELDEN TRACTSLOT 10-11R415090
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Phillip Barry , Barry Investment Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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