Donna’s Place Apartments
3118-3124 19th Pl, Forest Grove, OR 97116
8 units in Forest Grove, Oregon
$1,495,000
The unit mix consists of (2) one-bedroom units and (6) two-bedroom units, offering broad tenant appeal within a quiet, residential setting. The units feature large floor plans, with most units having access to large private patios.
The property currently generates solid in-place income supported by a mix of long-term residents and recently updated units. There is some near-term upside in the rents, along with additional revenue sources that can be further utilized – including the addition of Utility Bill back (not currently in place), and the implementation of storage locker rentals (currently on-site but not being rented Potential for a new owner to renovate and capitalize on storage revenue).
The Donna Place Apartments is an 8-unit multifamily asset located in the desirable Forest Grove submarket of Washington County. Originally constructed in 1972, the property features a low-density, single-level courtyard setting with a strong history of stable occupancy.
Property Highlights
Rare opportunity to acquire a small Washington Country apartment community
Strong historical performance, with solid occupancy and a stable tenant base.
Single-level courtyard setting, with community garden beds.
Current rents slightly below market with the ability to increase through continued interior renovations and the implementation of RUBS.
Laundry Room & Storage on-site. Value-Add opportunity to rent the storage lockers out and renovate the space as an additional revenue source.
Well maintained complex. New roof installed in 2017 and continued interior renovations at turnovers over the ownership period (10+ years).
Location Overview
The Donna Place apartments is located in Forest Grove, Oregon, approximately 25 miles west of downtown Portland within Washington County. Forest Grove offers a blend of small-town character and proximity to major employment centers, making it an increasingly attractive rental market and a clear path for residents to benefit from all the recreational amenities Oregon has to offer.
The area benefits from its proximity to Pacific University, the Hillsboro employment corridor, and the broader “Silicon Forest,” which includes major employers such as Intel and related technology firms. Continued population growth and relative affordability compared to Portland have supported consistent rental demand and made Forest Grove a strong-demand sub-market.
The property is situated in a quiet residential neighborhood with convenient access to downtown Forest Grove, local retail and services, and major transportation routes connecting to Hillsboro and the greater Portland metro area.
Forest Grove continues to demonstrate strong fundamentals, with limited new supply and steady demand supporting long-term investment stability.
Ownership has completed several capital improvements over time, including a new roof in 2017, and many ongoing interior updates at unit turnovers. The property has also benefited from the installation of new PEX water lines installed roughly 15-20 years ago, and new energy efficient vinyl windows & sliders throughout (installed roughly 15-20 years ago).
The Donna Place Apartments offer investors the opportunity to acquire a well-maintained, stabilized asset with clear operational upside. A rare opportunity to invest in Forest Grove, one of Washington County’s most stable and desirable submarkets.
