# 2321 21ST Pl, Forestgrove, OR 97116

> **TL;DR:** 8bd/4ba residential multi family, $975,000 ($300/sqft), built 1963, 3,252 sqft. Est. $4,225/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Price/sqft | $300 |
| Bedrooms | 8 |
| Bathrooms | 4 full |
| Square Feet | 3,252 |
| Year Built | 1963 |
| Lot Size | 9,583 sqft (0.22 acres) |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## Nearby Schools

- **Elementary:** Harvey Clark
- **Middle:** Tom McCall
- **High:** Forest Grove

## Property Highlights

- Built in 1963
- 0.22 acre lot

## Description

### Agent Description
Income-producing fourplex positioned in a strong rental corridor near Pacific University, major employers, shopping, and commuter routes. All units have been remodeled. This asset offers immediate cash flow with three of four units currently occupied and one vacant unit available for showings, providing flexibility for an owner-occupant or an investor looking to place a new tenant at market rent. The 3 rented units are currently leased at $1,600 per month, with scheduled rent increases to $1,680 per month effective 9/1/2026, creating a clear path to increased revenue. Tenants are responsible for electric service, while ownership covers water, sewer, and garbage. The property has benefited from consistent care and maintenance, supporting stable operations and tenant retention. New roof as of 2020, new gutters as of 2018. Updated PEX plumbing from meter to building. Driveway concrete was completed in August 2015. The siding benefits from recent exterior painting completed in September of 2024. The unit layouts are designed to provide separation and functionality, making them appealing to a broad tenant base including university affiliates, local workforce housing renters, and long-term residents seeking convenient access to Forest Grove amenities. Continued demand for rental housing in the area supports the property's long-term investment appeal. Whether expanding an existing portfolio or acquiring a first multifamily asset, this property presents an opportunity to secure a performing fourplex with built-in income growth already scheduled. The vacant unit offers immediate access for inspections and showings while also allowing a new owner to evaluate rental strategy and future upside. Located in a market with limited multifamily inventory and consistent rental demand, this 4 plex delivers current income, future rent growth, and operational simplicity in one investment package.

## Location

- **Address:** 2321 21ST Pl, Forestgrove, OR 97116
- **County:** Washington
- **Coordinates:** 45.52193, -123.105456
- **Google Maps:** https://www.google.com/maps?q=45.52193,-123.105456

## Listing Agent

- **Name:** Nick Shivers
- **Brokerage:** eXp Realty, LLC
- **Phone:** 5033890821
- **Email:** sold@westonepros.com

## Primary Photo

![2321 21ST Pl - Primary Photo](http://lh.rdcpix.com/20b4c22b4ecf20f6851dddf3e52ff21bl-f118742671r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/2321-21st-pl-forestgrove-or-97116-08596890)*

---

**MLS#:** 608596890 | **Updated:** 2026-06-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2321-21st-pl-forestgrove-or-97116-08596890)

---

## Structured Data

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  "name": "2321 21ST Pl, Forestgrove, OR 97116",
  "description": "Income-producing fourplex positioned in a strong rental corridor near Pacific University, major employers, shopping, and commuter routes. All units have been remodeled. This asset offers immediate cash flow with three of four units currently occupied and one vacant unit available for showings, providing flexibility for an owner-occupant or an investor looking to place a new tenant at market rent. The 3 rented units are currently leased at $1,600 per month, with scheduled rent increases to $1,680",
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  "datePosted": "2026-06-24",
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  "numberOfBedrooms": 8,
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```