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… Read More 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. Read Less
Listing courtesy of SMI Commercial Real Estate LLC.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
10,422
Lot Size
0.12 Acres
Year Built
1902
MLS Number
560369568
30 Days Snapshot Of 97205
$821k
+3%
(avg) sold price
11
-42%
homes sold
57
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 10422, Built in 1902, Stories: 3, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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