2182 SW Yamhill St, Portland, OR 97205

Welcome to the Stratton-Cornelius House! Zoned RM4 High-density multi-dwelling, (recently changed from RH). Currently used as a duplex. The lower floor is partially finished and could be converted to a third unit. Own a piece of Portland history listed on the National Historic Register with the ability to fully rent, live in and partially rent, or fully live in, with great options to open a business or home office. A one of a kind investment property in a perfect location- at the base of the West Hills just steps away from Forest Park, Rose Gardens, Timbers Stadium, and NW 23rd Ave. With a rare two-car garage, roof garden above, this grand Painted Lady has soaring ceilings, ornate woodwork, Victorian details, five grand fireplaces, and more! This historic asset is currently being rented, generating $103,200 annually with $34,595 in expenses, putting the NOI at $68,605, and the CAP rate of 4.1. With room to raise rents in the future and tenants willing to vacate on sale or renew leases. This is a high occupancy Portland location and a dream property. Walk to everything! Just blocks to bus and train. Bike or walk your dog to Washington and Forest Parks, Rose and Japanese Gardens, and Wildwood Trail. It’s a stone's throw to Providence Park and Powells Books. Built by 19th-century craftsmen, it has magnificent old-growth woodwork, Povey stained glass, and historic fixtures. Ideal property with home offices with long or short term rentals.