1270 Pacific Ave Forest Grove, OR 97116
For Sale
$6,300,000
Fee simple Newer duplexes near Pacific University with strong rental demand. 1031 exchange
Property Size26,787 SF
Lot Size0.80 Acres
Price / SF$235.19
Days on Market88
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 Agency:
(503) 750-8030
Listed By:
Fred
(503) 750-8030
Added: May 1
Changed: Jun 6
Investment Insights
Based on property information with market context.
Key Highlights
- 1031, rental, college town
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 authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
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
