Sunnyside Duplex: Development
3236 SE YAMHILL St Portland, OR 97214
For Sale
$750,000
MULTI_FAMILY - Portland, OR
Property Size2,475 SF
Lot Size0.15 Acres
Price / SF$303.03
Days on Market402
Property Features for 3236 SE YAMHILL St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2.5
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Standard status
Active
APN
R280638
Size
2,475 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
SUNNYSIDE & PLAT 2 & 3, BLOCK 28, LOT 10&11
Tax Annual Amount
6315
Utilities
Heating system
Forced Air
Building Details
Year built
1904
Floors in Building
2
Number of units
2
Roof type
Composition
Listing Agency:
LUXE Forbes Global Properties
(503) 389-2112
Listed By:
Steve Odermann · License #201209382
(971) 275-5657
Added: Jun 24, 2025
Changed: Jul 28
Last Checked: Jul 30 at 5:06AM
MLS# 200738252
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This charming duplex is located in the highly desirable Sunnyside neighborhood, just blocks from vibrant Belmont and Hawthorne corridors. The property sits on a rare double lot measuring 66x100. The property features a 2 bed/1 bath main-level unit and a 1 bed/1 bath upper-level unit, with shared laundry and ample storage in the basement. The property has been well-maintained by a longtime owner and has a history of long-term tenants and low vacancy. The property is zoned R2.5. Per the City of Portland, a simple lot line confirmation could create a second buildable 33x100 lot, unlocking potential for increased density or future development. This presents a compelling opportunity in one of Portland's most dynamic neighborhoods. The property size is 2475 Square Feet and the lot size is 0.15 acres.
Key Highlights
- Duplex built in 1904 with forced‑air heating and a composition roof
- 2 bed/1 bath main‑level unit plus a 1 bed/1 bath upper‑level unit
- Sits on a rare double lot measuring 66' x 100'
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 | $52.0k | $21.00 |
| − Vacancy | −$2.7k | −$1.09 |
| EGI | $49.3k | $19.91 |
| − OpEx | −$14.8k | −$5.97 |
| NOI | $34.5k | $13.94 |
2,475 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$454.0K
$397.2K – $529.7K
NOI $31,779 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$695.0K
$608.2K – $810.9K
NOI $48,653 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Charming duplex on a double lot in Sunnyside neighborhood.
Where is this duplex located?
The property is located at 3236 SE YAMHILL St Portland, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Duplex built in 1904 with forced‑air heating and a composition roof; 2 bed/1 bath main‑level unit plus a 1 bed/1 bath upper‑level unit; Sits on a rare double lot measuring 66' x 100'
