Off market

Tax assessed value

$1,276,650

2612 Main St Unit B, Forest Grove, OR 97116

4beds

0baths

1,832sqft

MultiFamily

Built in 1950

-- sqft lot

$-- Zestimate^®

$697/sqft

$2,422 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,422/mo

Zestimate^® history

Owner options

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$2,422/mo

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$2,422/mo

Rent Zestimate^®

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$6,280/mo

Est. payment

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$6,280/mo

Est. payment

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What's special

Ideally located across from Pacific University, this updated duplex has a lot more potential. Dividable lot per seller with RMH zoning: multifamily high density that could allow 4 more units. Buyers to do their own due diligence. Both units have their own garages, large kitchens and French doors that lead to private, fenced back yards. Enjoy the income now and the future bonus of dividing and/or creating more units.

This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 0

Heating

Baseboard, Electric

Appliances

Included: Range / Oven, Refrigerator

Interior area

Total interior livable area: 1,832 sqft

Property

Parking

Parking features: Garage

Features

Exterior features: Wood

Lot

Size: 10,018 sqft
Features: Level, Corner Lot

Details

Parcel number: 1N331BC03700
Zoning: RMH

Construction

Type & style

Home type: MultiFamily

Materials

wood frame
Roof: Composition

Condition

Updated/Remodeled
Year built: 1950

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected

Community & neighborhood

Location

Region: Forest Grove

HOA & financial

Other financial information

Total actual rent: 2550

Other

Other facts

Sewer: Public Sewer
WaterSource: Public
Heating: Baseboard
RoadSurfaceType: Paved
Appliances: Refrigerator, Range
GarageYN: true
HeatingYN: true
NumberOfUnitsTotal: 2
Utilities: Electricity Connected
ConstructionMaterials: Wood Siding
Roof: Composition
LotFeatures: Level, Corner Lot
FarmLandAreaUnits: Square Feet
ParkingFeatures: Storage, Garage, Open
RentIncludes: Water, Sewer, Trash Collection
Zoning: RMH
OpenParkingYN: true
PropertyCondition: Updated/Remodeled
TotalActualRent: 2550
CapRate: 4.55
GrossScheduledIncome: 31500
MlsStatus: Active
GrossIncome: 28968
NetOperatingIncome: 21615
OperatingExpense: 7353
TaxAnnualAmount: 3098.32
Road surface type: Paved

Price history

Date	Event	Price
1/25/2021	Sold	$515,000+8.4%$281/sqft
Source: RMLS (OR) #20347241 Report a problem
12/8/2020	Pending sale	$475,000$259/sqft
Source: John L Scott Real Estate #20347241 Report a problem
11/26/2020	Listed for sale	$475,000+177.8%$259/sqft
Source: Meadows Group Inc., Realtors #20347241 Report a problem
11/30/2015	Sold	$171,000+7.6%$93/sqft
Source: Public Record Report a problem
10/23/2015	Pending sale	$158,900$87/sqft
Source: Oregon First #15310962 Report a problem
10/12/2015	Listed for sale	$158,900-7.5%$87/sqft
Source: Oregon First #15310962 Report a problem
6/12/2015	Sold	$171,762$94/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,992 +2.8%	$477,010 +3%
2024	$8,749 +3.7%	$463,120 +3%
2023	$8,441 +161.5%	$449,640 +135.5%
2022	$3,228 +1.3%	$190,930
2021	$3,186 +0.5%	--
2020	$3,169 +2.3%	$179,980 +3%
2019	$3,098 +3.2%	$174,740
2018	$3,003	$174,740 +6.1%
2017	$3,003 +25.8%	$164,720 +22.1%
2016	$2,387	$134,950 +3%
2015	$2,387 +4%	$131,020 +3%
2014	$2,295 +1.6%	$127,210 +3%
2013	$2,260 +4%	$123,510 +3%
2012	$2,174 +3.2%	$119,920 -39.6%
2011	$2,107 +0.8%	$198,380 -2.8%
2010	$2,090 +3.5%	$204,100 -7.8%
2009	$2,019 +3.5%	$221,290 -13.9%
2008	$1,951 +5%	$256,890 +3.2%
2007	$1,857 +6.9%	$248,850 +12.8%
2006	$1,738 +1.5%	$220,600 +26.1%
2005	$1,713 +1.8%	$174,970 +8.6%
2004	$1,683 +2.5%	$161,070 +1.8%
2003	$1,642 +8%	$158,280 +7%
2002	$1,521 +2.6%	$147,900 +2.8%
2001	$1,482 +19.3%	$143,840 +3.9%
2000	$1,243	$138,490