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19109 SE Yamhill St, Portland, OR, 97233

22beds
21baths
13,152sqft
$2,890,000
$220price/sqft
$18,972/moest. monthly cost
$758,880/yrincome needed

About This Home

Eastwood Estates is a 21-unit multifamily investment opportunity in Portland’s established Rockwood submarket. Situated on approximately 1.14 acres, the property features twenty 1-bedroom units and one 2-bedroom unit with ample on-site parking. Currently operating at approximately 81% occupancy, the asset offers immediate value-add potential through lease-up and continued rent growth. Conveniently located near MAX Light Rail, public transit, SE Burnside, and major employment and retail corridors, Eastwood Estates provides investors the opportunity to acquire a well-positioned multifamily asset with strong long-term rental demand and operational upside. Offering Memorandum available upon request.

Getting Around

69
WalkingSomewhat Walkable
53
TransitGood Transit
52
BikeBikeable

Schools

5/10
Davis Elementary SchoolGrades K-50.6 mi
1/10
Reynolds Middle SchoolGrades 6-81.2 mi
1/10
Reynolds High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Existing
  • Year built: 1978

Materials

  • Roof: Composition
  • Construction materials: T111 Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Range,Refrigerator,Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 22
  • Bathrooms: 21
  • Full bathrooms: 21

Heating

  • Heating features: Baseboard

Interior Area

  • Total structure area: 13,152
  • Total interior livable area: 13,152 sqft

Property

Details

  • Parcel number: R153601
  • Zoning: RTC

Features

  • Stories: 2

Lot

  • Lot size: 1.14 Acres
  • Features: Acres 1 to 3

Parking

  • Total spaces: 32
  • Parking features: Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,613$175,356
Home Insurance *$710$8,520
Property Taxes $2,456$29,472
Electricity $1,193$14,322
Total$18,972$227,664
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$650,468/yr
40% on housing$569,160/yr
45% on housing$505,920/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$220This listing

vs Other Active Listings

Avg $/sqft

ZIP 97233$176
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97233$264
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-27Listed for sale$2,890,000
2021-07-14Listing removed--
2021-06-11Listed for rent$965
2021-04-18Listing removed--
2021-03-02Price change$965
2021-01-28Listed for rent$925
2020-06-24Listing removed$895
2020-05-11Listed for rent$895
2020-03-16Listing removed$895
2020-03-09Price change$895
2019-12-23Price change$945
2019-12-04Listed for rent$895
2019-02-10Listing removed$795
2019-01-01Price change$795
2018-12-11Price change$845
2018-11-09Price change$895
2018-08-14Price change$925
2018-04-27Price change$895
2018-03-20Price change$925
2017-12-28Price change$825
2017-11-30Price change$795
2017-10-24Listed for rent$850

For Sale by Agent

AgentKevan Willes
BrokerageKeller Williams Realty Portland Premiere

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