SOLD! The close-in four plex located at 2835 SE Yamhill in Portland, Oregon sold for $935,000 earlier this fall.
-Fantastic, close in SE location
-Vintage building and units
-Large basement with storage and laundry
-Beautiful yard with common areas
-Walk score of 89
Price Per Unit: $233,750
Price Per Square Foot: $250.46
Gross Rent Multiplier: 14.61
Estimated Cap Rate: 4.55%
Bernard Gehret of Joseph Bernard Investment Real Estate represented the buyers, and Rambo Halpern and Eric Rafferty from Premiere Property Group LLC represented the seller. For more information on the property sale, call Bernard Gehret at 503-546-9390. Also, for more apartment listings in Oregon and SW Washington, click on Joseph Bernard Investment Real Estate’s link here.