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13418744
13418745

2167 SW Yamhill St, Portland, OR 97205

KG
OR 201223610, WA 135270 (+1)
SMI Real Estate
Listed by SMI Real Estate
$2,000,000
952 days on market
Updated 13 days ago

The Yamhill

Details
APN 1N1E33CD 3500
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,545
Units 9
Pro-Forma Cap Rate 6.31%
Class C
Year Built 1902
Buildings 1
Stories 4
Acreage 0.110
Zoning RM4
Investment Type Stabilized

Vintage Portland Property with several upgrades to envelope

Marketing 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.

Investment highlights

  • • Modernized building systems across multiple ownership periods

    • Continued reinvestment through 2025

    • Unit level heating systems (not central boiler reliant)

    • Large average unit size (approx. 1,158 SF)

    • Below market rents with organic upside

    • Walkable Goose Hollow location with strong renter demand

    • Stabilized operations with lender aligned expense profile

Listing Contacts

KG
OR 201223610, WA 135270 (+1)
SMI Real Estate
Listed by SMI Real Estate

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Additional Information

Name
Khari Gates
License
201223610
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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