2321 21ST PL, Forest Grove, OR 97116
- $940,000
- 3,252
- SqFt
- Sold Price
- $940,000
- List Price
- $975,000
- Closing Date
- Aug 12, 2026
- Days on Market
- 61
- MLS#
- 608596890
- Property Type
- Multifamily
- Sqft. of Residence
- 3,252
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Hillsboro, Forest Grove
- Status
- SOLD
Property Description
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.
Additional Information
- Tax Amount
- $5,485
- Year Built
- 1963
- High School
- Forest Grove
- Elementary School
- Harvey Clark
- Middle School
- Tom McCall
- Acres
- 0.22
- Living Area
- 3,252
- Stories
- 1
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- None
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Sewer, Trash Collection, Water
- Hot Water Description
- Electricity
- Exterior Description
- Cedar
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Carport, Paved
- Parking Description
- Carport, Paved
- Road Surface
- Paved
- Number Of Units Total
- 4
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1600
- Unit Type One Sq Ft
- 813
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1600
- Unit Type Three Sq Ft
- 813
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 2
- Unit Type Four Sq Ft
- 813
- Unit Type Four Units Total
- 1
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Listing courtesy of eXp Realty, LLC. Selling Office: eXp Realty, LLC.
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