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Belmont / Hawthorne Tri-Plex 3118 SE Yamhill St 3 Unit Apartment Building $879,561 CAD ($293,187 CAD/Unit) 5.26% Cap Rate Portland, OR 97214
Investment Highlights
- Desirable Corner Lot
- Highly Desirable Rental Location
- Porches & Yard
- Loads of Old World Charm
- Hardwood Floors
- Walk Score - 95, Bike Score - 98
Executive Summary
Nestled in the heart of the Sunnyside neighborhood, this well-cared-for corner-lot Tri-plex offers a rare blend of historic charm and everyday functionality. Built in 1903, this property showcases original character throughout, from its timeless architectural details to its warm, inviting atmosphere. Each unit is filled with natural light and features a practical, livable layout that maximizes comfort and usability. Residents enjoy access to shared laundry and additional storage in the basement, adding convenience to daily living.
Outside, two welcoming porches and backyard provide ideal spaces to relax or entertain, while the corner lot enhances both privacy and curb appeal. Ample street parking is available.
Located just moments from the vibrant SE Hawthorne and SE Belmont corridors, this property offers unbeatable proximity to local shops, dining, and entertainment. Commuting is a breeze with easy access to downtown, Portland State University (PSU), Oregon Health & Science University (OHSU), and nearby transit options.
A unique opportunity to own a piece of Sunnyside’s history in one of Portland’s most desirable neighborhoods.
Outside, two welcoming porches and backyard provide ideal spaces to relax or entertain, while the corner lot enhances both privacy and curb appeal. Ample street parking is available.
Located just moments from the vibrant SE Hawthorne and SE Belmont corridors, this property offers unbeatable proximity to local shops, dining, and entertainment. Commuting is a breeze with easy access to downtown, Portland State University (PSU), Oregon Health & Science University (OHSU), and nearby transit options.
A unique opportunity to own a piece of Sunnyside’s history in one of Portland’s most desirable neighborhoods.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$73,556
|
$34.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,206
|
$1.02
|
| Effective Gross Income |
$71,349
|
$33.03
|
| Taxes |
$12,502
|
$5.79
|
| Operating Expenses |
$12,548
|
$5.81
|
| Total Expenses |
$25,050
|
$11.60
|
| Net Operating Income |
$46,299
|
$21.43
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $73,556 |
| Annual Per SF | $34.05 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,206 |
| Annual Per SF | $1.02 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $71,349 |
| Annual Per SF | $33.03 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,502 |
| Annual Per SF | $5.79 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,548 |
| Annual Per SF | $5.81 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,050 |
| Annual Per SF | $11.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $46,299 |
| Annual Per SF | $21.43 |
Property Facts
| Price | $879,561 CAD | Property Subtype | Apartment |
| Price Per Unit | $293,187 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.26% | Building Size | 2,160 SF |
| Gross Rent Multiplier | 11.96 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1903 |
| Zoning | R2.5 | ||
| Price | $879,561 CAD |
| Price Per Unit | $293,187 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 11.96 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 2,160 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1903 |
| Zoning | R2.5 |
Amenities
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,376 CAD | 716 - 758 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | R280620 | Total Assessment | $479,272 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $12,502 CAD ($5.79 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
R280620
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$479,272 CAD
Annual Taxes
$12,502 CAD ($5.79 CAD/SF)
Tax Year
2025
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Belmont / Hawthorne Tri-Plex | 3118 SE Yamhill St
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