forest terrace i $1,900,000

10 Units I 1508 21st Pl, Forest Grove, OR, 97116

Forest Terrace Apartments is a well-maintained multifamily community located in the growing West Portland submarket of Forest Grove, Oregon. Offering one- and two-bedroom apartment homes, the property benefits from recent capital improvements, professional management, strong occupancy, and a history of consistent cash flow. Residents enjoy landscaped grounds, on-site laundry, parking, and convenient access to Pacific University, downtown Forest Grove, major employers, retail, and public transportation.

Positioned in a market supported by continued population and employment growth, Forest Terrace is well situated to benefit from strong rental demand driven by regional affordability and limited housing supply. The combination of a stabilized income stream, recent property upgrades, and long-term rental growth potential makes Forest Terrace an attractive investment opportunity in one of Oregon's expanding multifamily markets.

Property Highlights

  • Single-story community offering quiet, convenient living

  • Prime location just minutes from Pacific University, providing a strong and consistent tenant demand driver

  • Strong in-place rental income with proven occupancy appeal