3118 SE Yamhill St - Belmont / Hawthorne Tri-Plex 3 Unit Apartment Building Offered at $645,000 at a 5.26% Cap Rate Portland, OR 97214

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.