Best Forest Grove duplex cap rate on the market, 6.06!!! Solid investment with this exceptional vintage-hip Mid Century duplex, presenting a rare investment opportunity. Zoned for a 4-plex, the existing garage areas offer the potential for two additional units, with one garage already converted into living space with its own bathroom. Very easy to make a Tri-plex and owner had an estimate for about $20,000 to make the 4th unit. HUGE UPSIDE, with seamless expansion without altering the foundation or roofline. A prime chance for investors to enhance cash flow, ideal for residing in one unit and leasing the other. Boasting parquet flooring and two fireplaces, this property is tailored for strategic investors seeking substantial returns. Excellent Forest Grove location, situated within a quiet confine of a cul-de-sac in a charming neighborhood and close to Pacific University.
Sold
$650,000
2418 Cedar Cir, Forest Grove, OR 97116
7beds
2,982sqft
Multi Family
Built in 1968
-- sqft lot
$644,900 Zestimate®
$218/sqft
$3,683 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 13, 2024 at 05:33am
Listed by:
Jesse Dill 503-969-3236,
Premiere Property Group, LLC
Bought with:
Guadalupe Duran, 201246764
MORE Realty
Source: RMLS (OR),MLS#: 24581375

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 3
- Partial bathrooms: 1
Heating
- Baseboard, Fireplace(s)
Cooling
- None
Appliances
- Included: Refrigerator, Washer/Dryer, Electric Water Heater
Features
- Flooring: Wood
- Basement: Crawl Space
Interior area
- Total structure area: 2,982
- Total interior livable area: 2,982 sqft
Property
Parking
- Parking features: Assigned, Paved
Features
- Waterfront features: Other
- Body of water: None
Lot
- Features: Corner Lot, Cul-De-Sac, Level, SqFt 7000 to 9999
Details
- Parcel number: R744485
- Zoning: RMH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Lap Siding
- Foundation: Concrete Perimeter
Condition
- Existing
- Year built: 1968
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Forest Grove
HOA & financial
Other financial information
- Total actual rent: 3600
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Services availability
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Estimated market value
$644,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$644,900