- ADDRESS:
- 2167 SW YAMHILL ST Portland, OR 97205
- Price:
- $2,000,000
- Units:
- 9
- Acres:
- 0.12
- Unit 1:
- 3 Bed 1.0 Bath
- Unit 2:
- 3 Bed 1.0 Bath
- Unit 3:
- 3 Bed 1.0 Bath
- Unit 4:
- 3 Bed 1.0 Bath
- Unit 5:
- 3 Bed 1.0 Bath
- Unit 6:
- 3 Bed 1.0 Bath
- Unit 7:
- 2 Bed 2.0 Bath
- Unit 8:
- 1 Bed 1.0 Bath
- Unit 9:
- 1 Bed 1.0 Bath
- MLS#:
- 560369568
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- RM4
- Yr Built:
- 1902
- Taxe/yr:
- $22,327.63
- County:
- Multnomah
- Status:
- Active
- Levels:
- 3
- Heat:
- Other
- Elem:
- Other
- Middle:
- Other
- High:
- Other
- Area:
- Portland Northeast
- Courtesy of:
- SMI Commercial Real Estate LLC
- Remarks:
- 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.