Single-Level Brick
For Sale
$385,000
2307 Sunset Dr, Forest Grove, OR 97116
Two one-bedroom units with separate living, kitchen, and dining areas near Pacific University and downtown services.
Property Size1,200 SF
Price / SF$320.83
Days on Market67
Property Features for 2307 Sunset Dr
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$429,900
Public Transit
Yes
Building Details
Year Built
1950
Buildings
1
Stories
1
Construction
brick
Listing Agency:
Rose Country Realty
Listed By:
Annie Wrucke · License #960800173
(971) 570-2216
Source:
Wisser
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 5 at 11:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rose Country Realty
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Investment Insights
Based on property information with market context.
This 1,200-square-foot duplex was built in 1950 and features a single-level brick exterior. Each unit includes a living area, kitchen, dining space, one bedroom, and one bathroom. Flooring has been updated, and both units have light neutral finishes with straightforward layouts. One unit includes a stove, refrigerator, full-size dishwasher, and stack washer and dryer; the other includes a stove and refrigerator. Appliance condition and inclusion are subject to buyer verification.
The property is near Pacific University, the Forest Grove Aquatic Center, downtown, transit, restaurants, coffee shops, schools, shopping, employment, and local services. A side utility area has an apparent exterior electrical hookup and a nearby sewer cleanout associated with a former travel trailer location. Permitted use, capacity, city requirements, unit details, rents, zoning, condition, financing, and intended use require buyer verification. The property is offered as-is.
The property is near Pacific University, the Forest Grove Aquatic Center, downtown, transit, restaurants, coffee shops, schools, shopping, employment, and local services. A side utility area has an apparent exterior electrical hookup and a nearby sewer cleanout associated with a former travel trailer location. Permitted use, capacity, city requirements, unit details, rents, zoning, condition, financing, and intended use require buyer verification. The property is offered as-is.
Key Highlights
- 1,200‑square‑foot duplex built in 1950
- Single‑level brick construction with two one‑bedroom, one‑bathroom units
- Each unit includes living, kitchen, and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,408
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$308,160
$308.2K
Cap Rate 7%
$220,114
$220.1K
Cap Rate 9%
$171,200
$171.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$29.5K $24.60/SF
− Vacancy
−$1.5K −$1.25/SF
EGI
$28.0K $23.35/SF
− OpEx
−$12.6K −$10.51/SF
NOI
$15.4K $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%
$308,160
Cap Rate 7%
$220,114
Cap Rate 9%
$171,200
Alternative Uses
Best Use
Apartment 5plus
$220.1K
$192.6K – $256.8K
NOI $15,408 @ 7.0% cap · market cap 4.00%
Second Best
Multifamily LT 5
$210.5K
$184.2K – $245.6K
NOI $14,734 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$323.9K
$283.4K – $377.9K
NOI $22,674 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
822
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units with separate living, kitchen, and dining areas near Pacific University and downtown services.
Where is this duplex located?
The property is located at 2307 Sunset Dr Forest Grove, OR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,200‑square‑foot duplex built in 1950; Single‑level brick construction with two one‑bedroom, one‑bathroom units; Each unit includes living, kitchen, and dining areas
