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Four-Unit Multifamily Property

2432 MAIN St, Forest Grove, OR 97116

For Sale
New
$889,000

MultiFamily, ForestGrove, OR

Property SizeContact for details
Lot Size0.31 Acres
Days on Market5

Property Features for 2432 MAIN St

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RMH
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 1
Elementary school Harvey Clark
Middle school Neil Armstrong
High school Forest Grove
Directions Left onto Bst, Right onto 23rd Ave, Left onto Main St
Subdivision _152
Standard status Active
APN R745233
Lot size 0.31 Acres

Taxes and HOA fees

Tax Description BRANFORD ADDITION TO FOREST GROVE, BLOCK 1, LOT PT LOTS 23 & 24
Tax Annual Amount 7371
Legal Description BRANFORD ADDITION TO FOREST GROVE, BLOCK 1, LOT PT LOTS 23 & 24

Utilities

Heating system Forced Air

Amenities

shared common area
on-street parking
off-street parking

Building Details

Year built 1980
Number of units 4
Roof type Composition
Buildings 2
Listing Agency: eXp Realty, LLC
Listed By: Alma Lozano
Added: Nov 6 Last Checked: Nov 10 at 12:06AM
MLS# 388668942

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.

Rey
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Investment Insights

Based on property information with market context.

Set on 0.31 acres, this multifamily property comprises two duplexes with four residences. Each unit has two bedrooms and one full bathroom. The buildings date to 1980 and have a new roof, windows, and blinds; three units also have cosmetic updates. Kitchen appliances are included, while washers and dryers are not. Each residence has exterior storage, and the ground-level units have fenced private yards. Residents also share a common area, with both on-site and street parking available.

The property is within walking distance of Pacific University, the Forest Grove Aquatic Center, and downtown Forest Grove. All four units are leased.

Key Highlights

  • Two duplexes provide four units, each with 2 bedrooms and 1 full bathroom
  • 0.31‑acre property; buildings date to 1980
  • New roof, windows, and window blinds; three units have cosmetic updates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

734
Businesses Nearby

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
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Market

Average Price Trend$/SF for Multifamily properties in Washington County, OR

$369 Jul
$310 Aug
$333 Sep
$314 Oct

Properties on Market for Multifamily properties in Washington County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - All residences are leased, and kitchen appliances are included in each unit.
Where is this multifamily property located?
The property is located at 2432 MAIN St Forest Grove, OR.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: Two duplexes provide four units, each with 2 bedrooms and 1 full bathroom; 0.31‑acre property; buildings date to 1980; New roof, windows, and window blinds; three units have cosmetic updates
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