$494900
Price cut: $5K (07-07-2025)
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3 Bed
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2 Bath
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1036 SqFt
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46 DOM
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Built: 1930
- Status: Active
Love this home?
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.
Listing Provided Courtesy of Michelle Stepp, Keller Williams Realty Portland Premiere
General Information
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137625849
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SingleFamilyResidence
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46 DOM
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3
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10454.4 SqFt
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2
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1036
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1930
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Washington
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R440543
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Joseph Gale
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Neil Armstrong
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Forest Grove
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Residential
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SingleFamilyResidence
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PROSPECT PARK, LOT 2-3
Listing Provided Courtesy of Michelle Stepp, Keller Williams Realty Portland Premiere
PDXA1 Realty Group data last checked: Jul 08, 2025 23:58 | Listing last modified Jul 07, 2025 16:48,
Source:
Residence Information
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0
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1036
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0
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1036
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Tax Recors
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1036
-
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3
-
2
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0
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2
-
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1, Attached
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Stories1
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Driveway,OnStreet
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1
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1930
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No
-
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CementSiding
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CrawlSpace
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RVParking
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-
CrawlSpace
-
-
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Features and Utilities
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FreeStandingRange
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HardwoodFloors, WasherDryer
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Deck, Fenced, RVBoatStorage, ToolShed, Yard
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OneLevel
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MiniSplit
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-
Ductless, MiniSplit, PelletStove
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PublicSewer
-
-
Electricity
Financial
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3517.82
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0
-
-
-
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Cash,Conventional,FHA,USDALoan,VALoan
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05-23-2025
-
-
No
-
No
Comparable Information
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46
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46
-
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Cash,Conventional,FHA,USDALoan,VALoan
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$550,000
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$494,900
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-
Jul 07, 2025 16:48
Schools
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Jul 08, 2025 23:58 | Listing last modified Jul 07, 2025 16:48.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
— Ramren Garajan
Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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