2229 HAWTHORNE St, Forest Grove, OR 97116
MULTI_FAMILY - ForestGrove, OR
- Added:
- Jun 30, 2026
- Days on Market:
- 6
- Last Refresh:
- Jul 5 at 7:06 pm
Property Features for 2229 HAWTHORNE St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RHM
- Bedrooms
- 10
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 10, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 9, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 8, Bedroom 6
- Standard status
- Active
- APN
- R747918
- Size
- 3,456 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Description
- ACRES 0.21
- Tax Annual Amount
- 5572
Utilities
- Heating system
- Zoned
Building Details
- Year built
- 1974
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agent Kyung Kim License #960100188 (503) 544-5606
Listing office RE/MAX Equity Group 9790 SW Nimbus Ave, Portland, OR (503) 626-4600
Listing date Jun 30, 2026
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
- 4‑plex built in 1974 with zoned heating and a composition roof
- Three of four units have been updated with quartz countertops, refreshed kitchens, updated bathrooms, and new flooring
- Fourth unit offers room for future improvements or customization
- Shared backyard for tenant use
- Private storage units for bikes, tools, and seasonal items
- Convenient to Pacific University, local cafes, parks, and shopping
Overview
The property is set on a quiet street in Forest Grove and is positioned near Pacific University, along with local cafes, parks, and shopping. The combination of a neighborhood setting and nearby everyday amenities supports tenant day-to-day convenience.
Outside, residents can enjoy a shared backyard suitable for relaxing or gardening, and the property includes private storage units designed for bikes, tools, and seasonal items. With a mix of turnkey-ready updates and one adaptable unit, this configuration can fit buyers looking for a residential income asset that balances current improvements with an opportunity to tailor the final unit over time. Zoning is listed as RHM.
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 | $85.0k | $24.60 |
| − Vacancy | −$4.3k | −$1.25 |
| EGI | $80.7k | $23.35 |
| − OpEx | −$36.3k | −$10.51 |
| NOI | $44.4k | $12.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest Grove
- County
- Washington
- State
- Oregon
- Longitude
- -123.098747
- Latitude
- 45.52317
