1270 Pacific Ave, Forest Grove, OR 97116
Fee simple Newer duplexes near Pacific University with strong rental demand. 1031 exchange
Property size:
26,787 SFLot size:
0.80 AcresPrice / SF:
$235/SF- Added:
- May 1, 2026
- Days on Market:
- 41
- Last Refresh:
- Jun 6 at 10:03 pm
Property Features for 1270 Pacific Ave
General Information
- Standard status
- Active
- Property type
- Duplexes, Multifamily properties, Residential income properties
- Size
- 26,787 SF
- Lot size
- 0.80 Acres
- Sale Condition
- 1031 Exchange
Building Details
- Year Built
- 2021
- Buildings
- 10
- Stories
- 2
- Units
- 20
Listing agent Fred (503) 750-8030
Listing office (503) 750-8030
Listing date May 1, 2026
HighLights
- 1031, rental, college town
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $659.0k | $24.60 |
| − Vacancy | −$33.6k | −$1.25 |
| EGI | $625.4k | $23.35 |
| − OpEx | −$281.4k | −$10.51 |
| NOI | $343.9k | $12.84 |
26,787 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.91M
$4.30M – $5.73M
NOI $343,944 @ 7.0% cap · market cap 5.46%
Second Best
Multifamily LT 5
$4.70M
$4.11M – $5.48M
NOI $328,903 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$7.23M
$6.33M – $8.44M
NOI $506,133 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Forest Grove
- County
- Washington
- State
- Oregon
- Longitude
- -123.12525
- Latitude
- 45.520096
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Fee simple Newer duplexes near Pacific University with strong rental demand. 1031 exchange
Where is this duplex located?
The property is located at 1270 Pacific Ave Forest Grove, OR.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 1031, rental, college town
