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
137625849
SingleFamilyResidence
7
DOM
3
10454.4 SqFt
2
1036
1930
Washington
R440543
Joseph Gale 1/10
Neil Armstrong 2/10
Forest Grove 6/10
Residential
SingleFamilyResidence
PROSPECT PARK, LOT 2-3
Listing Provided Courtesy of Michelle Stepp, Keller Williams Realty Portland Premiere
Krishna Realty data last checked: Jun 05, 2025 10:18 | Listing last modified May 30, 2025 11:08,
Source:
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Residence Information
0
1036
0
1036
Tax Recors
1036
3
2
0
2
1, Attached
Stories1
Driveway,OnStreet
1
1930
No
CementSiding
CrawlSpace
RVParking
CrawlSpace
Features and Utilities
FreeStandingRange
HardwoodFloors, WasherDryer
Deck, Fenced, RVBoatStorage, ToolShed, Yard
OneLevel
MiniSplit
Ductless, MiniSplit, PelletStove
PublicSewer
Electricity
Financial
3517.82
0
Cash,Conventional,FHA,USDALoan,VALoan
05-23-2025
No
No
Comparable Information
7
13
Cash,Conventional,FHA,USDALoan,VALoan
$550,000
$550,000
May 30, 2025 11:08
Schools
public Elementary : Joseph Gale
1/10Ratingspublic Middle : Neil Armstrong
2/10Ratingscharter High : Forest Grove
6/10Ratings
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
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.
