Victorian Triplex with
2406 Southeast Yamhill Street Portland, OR 97214
For Sale
$800,000
Victorian triplex with three occupied units, including two main-level units and one upper-level unit plus a private backyard.
Property Size3,110 SF
Price / SF$257.23
Days on Market341
Property Features for 2406 Southeast Yamhill Street
General Information
Standard status
Active
Size
3,110 SF
Property subtype
Multi Family
Building Details
Year Built
1889
Listing Agency:
Windermere Realty Group
(503) 358-5843
Listed By:
Judy Adler · License #870300184
(503) 358-5843
Source:
Compass
Added: Aug 24, 2025
Changed: Jul 22
Last Checked: Jul 29 at 11:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Windermere Realty Group
Investment Insights
Based on property information with market context.
This classic Victorian triplex offers three occupied residential units arranged as two main-level units and a spacious upper-level unit. The property totals just over 3,100 square feet and includes a backyard described as private and secluded.
The property is located in Southeast Portland in the Buckman/Belmont area, with walkability and easy access to public transportation. Nearby, the area is characterized by entertainment, dining, and shopping.
With all three units currently occupied, the configuration supports income-oriented ownership, including the option for an owner to occupy one unit while leasing the others.
The property is located in Southeast Portland in the Buckman/Belmont area, with walkability and easy access to public transportation. Nearby, the area is characterized by entertainment, dining, and shopping.
With all three units currently occupied, the configuration supports income-oriented ownership, including the option for an owner to occupy one unit while leasing the others.
Key Highlights
- Victorian triplex with 3 occupied units: two main‑level units plus one upper‑level unit
- Just over 3,100 sq ft combined living area across all three units
- 2‑story home built in 1889 with unfinished basement
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.3k | $21.00 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $61.9k | $19.91 |
| − OpEx | −$18.6k | −$5.97 |
| NOI | $43.3k | $13.94 |
3,110 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$619.1K
$541.8K – $722.3K
NOI $43,340 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$570.5K
$499.2K – $665.5K
NOI $39,932 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$873.4K
$764.2K – $1.02M
NOI $61,136 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Victorian triplex with three occupied units, including two main-level units and one upper-level unit plus a private backyard.
Where is this triplex located?
The property is located at 2406 Southeast Yamhill Street Portland, OR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Victorian triplex with 3 occupied units: two main‑level units plus one upper‑level unit; Just over 3,100 sq ft combined living area across all three units; 2‑story home built in 1889 with unfinished basement
