Sold
$3,900,000
Sold For
16,560
SqFt
16,560
SqFt
19201 SE YAMHILL ST
Portland, Oregon OR97233
28-unit apartment complex in Rockwood neighborhood. Affordable mix of 1 and 2 BR units are highly desirable in Portland's expensive housing market. Low vacancy rates! Mechanical systems well maintained, including new roofs and asphalt lot surfaces in last few years, as well as modernized windows and sliders. Stable, consistent income generation.
About This Property
Listing ID21576866
Sold For$3,900,000
StatusSold
Sold Date11/30/2021
SqFt
16,560
CountyMultnomah
Year Built1975
Property TypeMulti Family
County
Multnomah
Property Type
Multi Family
Year Built
1975
Zoning
RTC
Basement
Crawl Space
Cooling
no
Cooling Type
None
Heating
yes
Heating Type
Zoned
Hot Water Description
Electricity
Storage
None
Unit Type
1, 2
Unit Type 1 Area
680
Unit Type 1 Baths Total
1
Unit Type 1 Beds Total
1
Unit Type 1 Features
Range, Refrigerator, Unfurnished
Unit Type 2 Area
890
Unit Type 2 Baths Total
1
Unit Type 2 Beds Total
2
Unit Type 2 Features
Dishwasher, Range, Refrigerator, Unfurnished
Attached Garage
no
Exterior Description
T-111 Siding
Fuel Description
Electricity
Lot Features
Level, Trees
Lot Size Range
1 to 2.99 Acres
Number Of Units Total
28
Parking Features
Paved
Property Attached
no
Property Condition
Existing
Road Surface Type
Paved
Roof
Composition
Sewer
Public Sewer
Unit Type 1 Units Total
20
Unit Type 2 Units Total
8
View
no
Water Source
Public Water
Community Features
Laundry
Country
US
Directions
From 181st, East on Yamhill
Elementary School
Davis
High School
Reynolds
Middle Or Junior School
Reynolds
MLS Area Major
Gresham, Sandy, Troutdale, Corbett
Days On Market
5
Green Certification
no
Internet Service Type
Cable
Open House
no
Third Party Approval
no
Bank Owned
no
Buyer Financing
Conventional
Capitalization Rate
5.3
Current Price For Status
3900000
Gross Income
335520
Gross Rent Multiplier
11.77
Investor Information
According To Owner
Listing Terms
Cash, Conventional
Net Operating Income
209191
Operating Expense
126329
Rent Includes
Sewer, Trash Collection, Water
Short Sale
no
Tax Annual Amount
23176.73
Tax Year
2020
Unit Type 1 Actual Rent
985
Unit Type 2 Actual Rent
1095
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