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19109 SE Yamhill St, Portland, OR 97233

$2,890,000

Property Description

Eastwood Estates is a 21-unit multifamily investment opportunity in Portland's established Rockwood submarket. Situated on approximately 1.14 acres, the property features twenty 1-bedroom units and one 2-bedroom unit with ample on-site parking. Currently operating at approximately 81% occupancy, the asset offers immediate value-add potential through lease-up and continued rent growth. Conveniently located near MAX Light Rail, public transit, SE Burnside, and major employment and retail corridors, Eastwood Estates provides investors the opportunity to acquire a well-positioned multifamily asset with strong long-term rental demand and operational upside. Offering Memorandum available upon request.

19109 SE Yamhill St | MLS# 644473862

This multi-family property located at 19109 SE Yamhill St, Portland, OR 97233 is currently listed for sale with an asking price of $2,890,000. Search Portland real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $23,786
Year Built: 1978
Square Feet: 13,152

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1095.00
Square Footage: 620
Total Units: 20
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Disposal, Range, Refrigerator
Rent: $1250.00
Square Footage: 750
Total Units: 1

Feature Descriptions

Days on Site: 7
Exterior: T-111 Siding
Gross Income: $216996.00 (Actual)
Hot Water: Electricity
Net Income: $121298.00 (Actual)
Operating Expenses: $95698.00 (Actual)
Parking: Paved
Parking Notes: Paved
Sewer: Public Sewer
Units: 21
Water: Public Water

Local Schools

High School: Reynolds
Middle School: Reynolds
Elementary School: Davis

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-505-8065

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 17,438.50 per month $14,613.41 Principal & Interest $1,982.17 Property Tax $842.92 Homeowner's Insurance

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