Duplex with Lower-Level
New
For Sale
$569,000
1715 ELM St, Forest Grove, OR 97116
MultiFamily, ForestGrove, OR
Property Size1,700 SF
Lot Size0.15 Acres
Price / SF$334.71
Days on Market1
Property Features for 1715 ELM St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Resid
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
View
Park
Elementary school
Joseph Gale
Middle school
Neil Armstrong
High school
Forest Grove
Directions
Pacific Ave to south on Elm
Subdivision
_152
Standard status
Active
APN
R419372
Size
1,700 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
FOREST GROVE, TOWN OF, BLOCK 33, LOT PT 4
Tax Annual Amount
4113
Legal Description
FOREST GROVE, TOWN OF, BLOCK 33, LOT PT 4
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
gazebo
deck
swing
porch cover
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
Roger Newton
(503) 727-2425
Listed By:
Roger Newton
(503) 516-6558
Added: Nov 6
Last Checked: Nov 6 at 3:06PM
MLS# 219421875
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,700-square-foot residence includes a main level with two bedrooms and two bathrooms, plus a lower-level ADU with its own entrance, kitchen, one bedroom, and bathroom. Kitchens and the primary bathroom have been remodeled. Additional features include a deck, covered porch, custom gazebo, and an oversized detached garage with a third, compact bay. The garage and ADU each have 60-amp panels. A parking pad measures approximately 21 by 36 feet.
The property occupies 0.15 acre and is zoned residential. The detached garage is reached from a private alley behind the property. Rogers Park, described as a four-acre park with sports courts, a playground, tables, and restrooms, is across the street.
The property occupies 0.15 acre and is zoned residential. The detached garage is reached from a private alley behind the property. Rogers Park, described as a four-acre park with sports courts, a playground, tables, and restrooms, is across the street.
Key Highlights
- Main residence offers 2 bedrooms and 2 bathrooms, with a separate‑entry ADU containing 1 bedroom and 1 bathroom
- 1,700‑square‑foot property on a 0.15‑acre lot
- Oversized detached garage includes a third small bay and rear private‑alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,828
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,560
$436.6K
Cap Rate 7%
$311,829
$311.8K
Cap Rate 9%
$242,533
$242.5K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$41.8K $24.60/SF
− Vacancy
−$2.1K −$1.25/SF
EGI
$39.7K $23.35/SF
− OpEx
−$17.9K −$10.51/SF
NOI
$21.8K $12.84/SF
Area
Washington County, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,560
Cap Rate 7%
$311,829
Cap Rate 9%
$242,533
Alternative Uses
Best Use
Apartment 5plus
$311.8K
$272.9K – $363.8K
NOI $21,828 @ 7.0% cap · market cap 3.84%
Second Best
Multifamily LT 5
$298.2K
$260.9K – $347.9K
NOI $20,873 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$458.9K
$401.5K – $535.4K
NOI $32,121 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 97116, OR
29,351
Population
10,229
Households
2.9
Avg Household Size
36
Median Age
33%
College-Educated
90%
High-School Grad
82.1 sq mi
ZIP Area
358
Density / Sq Mi
$87,308
Median Household Income
$42,330
Median Earnings
$1,397
Median Rent
$479,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Washington County, OR
Properties on Market for Duplexes in Washington County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry apartment adds a full kitchen and independent living space to the main residence.
Where is this duplex located?
The property is located at 1715 ELM St Forest Grove, OR.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Main residence offers 2 bedrooms and 2 bathrooms, with a separate‑entry ADU containing 1 bedroom and 1 bathroom; 1,700‑square‑foot property on a 0.15‑acre lot; Oversized detached garage includes a third small bay and rear private‑alley access
