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31827245
31827266

3236 Southeast Yamhill Street, Portland, OR 97214

SO
OR 201209382
LUXE | FORBES GLOBAL PROPERTIES
Listed by LUXE | FORBES GLOBAL PROPERTIES
$750,000
44 days on market
Updated 44 days ago

3236 Southeast Yamhill Street

Details
APN R280638
Property Type Retail, Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 2,475
Cap Rate 2.02%
NOI $15,138
Occupancy 100%
Tenancy Multi
Year Built 1904
Stories 2
Acreage 0.150
Zoning R2.5
Investment Type Value Add
Ground Lease No

Rare Inner SE Development + Income Opportunity in the Heart of Sunnyside!

Marketing description

Rare Inner SE Development + Income Opportunity in the Heart of Sunnyside! This charming duplex sits on a rare double lot (66x100) in the highly desirable Sunnyside neighborhood, just blocks from vibrant Belmont and Hawthorne corridors. The property features a 2 bed/1 bath main-level unit and a 1 bed/1 bath upper-level unit, with shared laundry and ample storage in the basement.With a history of long-term tenants and low vacancy, this property has been well-maintained by a longtime owner. The lower unit is currently vacant, presenting an ideal opportunity for an owner-occupant or value-driven investor seeking immediate upside.Per the City of Portland, a simple lot line confirmation could create a second buildable 33x100 lot—unlocking potential for increased density or future development. Buyer to conduct all due diligence; seller makes no warranties or representations.Whether you're looking to hold for cash flow, add value through redevelopment, or live on-site while planning your next move, this is a compelling opportunity in one of Portland’s most dynamic neighborhoods.

Investment highlights

Professionally managed duplex with records available for interested buyers. Lower 2bed/1bath unit can be shown by appointment only. Please text Steve 971.275.5657 & Bekah 503.260.0309 on same thread to schedule showings. Please call Steve with any questions! Do not disturb tenant in upper level unit, do not walk property without appointment.

Listing Contacts

SO
OR 201209382
LUXE | FORBES GLOBAL PROPERTIES
Listed by LUXE | FORBES GLOBAL PROPERTIES

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$15,138.00
$1,261.50/mo

Valuation Metrics

0
DSCR
2.02%
Cap Rate
2.02%
ROI

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Additional Information

Name
Steve Odermann
License
201209382
Brokerage
LUXE | FORBES GLOBAL PROPERTIES
Brokerage Phone
503-389-2112
Title
Broker
Brokerage Address
159 A Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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