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Listed by SMI Commercial Real Estate LLC
$ 2,000,000
Est. payment | /mo
10,422 SqFt
$ 2,000,000
Est. payment | /mo
10,422 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,422 sqft
Price per Sqft $191
MLS Listing ID 560369568
Year Built 1902
Annual Tax Amount $22,327
Tax Year 2025
Lot Size 5,227 Sqft
Property Description
The Yamhill is a 9 unit multifamily asset located in Portland‘s highly walkable Goose Hollow neighborhood. Originally constructed in 1902, the property has benefited from decades of system upgrades and ongoing reinvestment, positioning it today as a modernized historic asset rather than a heavy capital vintage property. The asset was previously marketed at $2,645,000 and has been strategically reintroduced to the market at a reduced price of $2,000,000 representing a ~24.4% basis reset.This repricing reflects current capital markets while materially improving going in yield, debt coverage, and long term downside protection for new ownership.At the revised basis, The Yamhill offers investors a durable cash flowing asset with large unit floorplans, below market rents, and reduced near term capital exposure relative to comparable vintage Portland multifamily properties.
Location
State OR
County Multnomah
Area _148
Zoning RM4
Rooms
Basement Full Basement, Storage Space
Interior
Heating Other
Exterior
Roof Type Shingle
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Chapman
Middle Schools West Sylvan
High Schools Lincoln
Others
Acceptable Financing Other
Listing Terms Other
Nearby Locations
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