New Duplex Portfolio
1270 PACIFIC Ave, Forest Grove, OR 97116
MULTI_FAMILY - ForestGrove, OR
Property size:
27,077 SFLot size:
0.80 AcresPrice / SF:
$232/SF- Added:
- May 1, 2026
- Days on Market:
- 66
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 1270 PACIFIC Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-5
- Bedrooms
- 60
- Bathrooms
- 40
- Rooms
- Bedroom 39, Bathroom 38, Bathroom 19, Bathroom 24, Bedroom 3, Bedroom 15, Bedroom 32, Bathroom 37, Bedroom 40, Bedroom 25, Bedroom 52, Bathroom 14, Bedroom 48, Bedroom 41, Bedroom 4, Bedroom 26, Bathroom 1, Bathroom 20, Bedroom 57, Bathroom 8, Bathroom 17, Bedroom 6, Bedroom 14, Bedroom 35, Bedroom 54, Bedroom 34, Bedroom 17, Bathroom 9, Bathroom 11, Bathroom 31, Bathroom 29, Bedroom 36, Bedroom 19, Bathroom 23, Bathroom 15, Bedroom 22, Bathroom 7, Bathroom 10, Bathroom 6, Bathroom 12, Bathroom 2, Bedroom 37, Bathroom 35, Bathroom 27, Bathroom 16, Bathroom 3, Bathroom 30, Bathroom 32, Bathroom 28, Bedroom 8, Bedroom 31, Bedroom 2, Bedroom 51, Bedroom 27, Bedroom 38, Bedroom 49, Bathroom 21, Bedroom 59, Bathroom 13, Bedroom 50, Bedroom 20, Bedroom 55, Bedroom 18, Bathroom 33, Bedroom 60, Bathroom 36, Bedroom 29, Bedroom 58, Bathroom 34, Bathroom 22, Bedroom 5, Bedroom 33, Bedroom 28, Bedroom 9, Bedroom 12, Bathroom 5, Bedroom 43, Bedroom 44, Bedroom 11, Bedroom 45, Bedroom 47, Bedroom 56, Bedroom 10, Bathroom 26, Bedroom 21, Bedroom 53, Bedroom 7, Bedroom 42, Bedroom 24, Bathroom 18, Bedroom 46, Bathroom 25, Bedroom 23, Bedroom 30, Bedroom 1, Bedroom 16, Bedroom 13, Bathroom 39, Bathroom 40, Bathroom 4
- Standard status
- Active
- APN
- R2220699
- Size
- 27,077 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Description
- GALES CREEK TERRACE NO. 4, LOT 150, ACRES 0.09
- Tax Annual Amount
- 73859
Utilities
- Heating system
- Heat Pump (Heating), Forced Air
- Cooling system
- Central Air, Heat Pump
Building Details
- Year built
- 2021
- Floors in Building
- 2
- Number of units
- 20
- Roof type
- Shingle, Composition
Listing agent Fred Mueller (503) 750-8030
Listing office Premiere Property Group, LLC 5000 Meadows Rd Ste 150, Lake Oswego, OR (503) 670-9000
Listing date May 1, 2026
MLS# 578623787
Listing URL
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 10 duplex portfolio with Year Built 2021 construction
- Heating options: heat pump and forced air; cooling includes central air and heat pump
- Roof: shingle/composition
- Portfolio pricing options: 3 duplexes at $660,000 each, 6 duplexes at $645,000 each, or all 10 duplexes for $6,300,000 total
- Current combined monthly income for all 10 properties is approximately $42,000+
- Units are fee simple; includes an assumable 5.45 rate loan and is about 13 blocks from Pacific University
Overview
This offering is a portfolio of newer construction duplexes presented as fee simple properties. The package is available in multiple configurations, including 3 duplexes, 6 duplexes, or all 10 duplexes. The listing notes that an operating statement may be available upon request.
The property is located at 1270 Pacific Ave in Forest Grove, Oregon, in Washington County. The remarks indicate the duplexes are approximately 13 blocks from Pacific University, placing them within convenient distance of campus, downtown Forest Grove, and commuting routes. The asset is identified under zoning R-5.
For investors seeking residential income in Forest Grove, this portfolio structure allows buyers to select a size that fits their strategy, while maintaining the consistency of duplex format across the units. With the properties described as newer construction, the focus is on a relatively straightforward, low-maintenance setup often associated with newer builds. As a fee simple offering, buyers can sell the properties under their own tax planning scenario per the seller’s provided guidance. Terms, availability, and any additional documentation can be provided directly through the listing agent.
The property is located at 1270 Pacific Ave in Forest Grove, Oregon, in Washington County. The remarks indicate the duplexes are approximately 13 blocks from Pacific University, placing them within convenient distance of campus, downtown Forest Grove, and commuting routes. The asset is identified under zoning R-5.
For investors seeking residential income in Forest Grove, this portfolio structure allows buyers to select a size that fits their strategy, while maintaining the consistency of duplex format across the units. With the properties described as newer construction, the focus is on a relatively straightforward, low-maintenance setup often associated with newer builds. As a fee simple offering, buyers can sell the properties under their own tax planning scenario per the seller’s provided guidance. Terms, availability, and any additional documentation can be provided directly through the listing agent.
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 | $666.1k | $24.60 |
| − Vacancy | −$34.0k | −$1.25 |
| EGI | $632.1k | $23.35 |
| − OpEx | −$284.5k | −$10.51 |
| NOI | $347.7k | $12.84 |
27,077 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.97M
$4.35M – $5.79M
NOI $347,668 @ 7.0% cap · market cap 5.52%
Second Best
Multifamily LT 5
$4.75M
$4.16M – $5.54M
NOI $332,463 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$7.31M
$6.40M – $8.53M
NOI $511,612 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
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 - Newer construction duplexes offered as a fee simple portfolio near Pacific University in Forest Grove.
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: 10 duplex portfolio with Year Built 2021 construction; Heating options: heat pump and forced air; cooling includes central air and heat pump; Roof: shingle/composition
