5821 SE KNAPP ST Portland, OR $ 899,000
5821 SE KNAPP ST
$ 899,000
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5821 SE KNAPP ST

Portland, OR, 97206
$ 899,000
Bedrooms8 Baths4.0 Sq 2,000

Monthly Estimate*

$ 6,280

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Multi-Family Home for sale in Portland, OR

for $899,000 with 8 bedrooms and 4 full baths. This 2,000 square foot home was built in 1942.

Welcome to this updated 4-plex (2 duplexes on same tax lot), ideally situated in the sought-after Brentwood-Darlington neighborhood. This property boasts four individual 2-bedroom, 1-bathroom units, individually fenced back yards, and each carefully upgraded to meet modern living standards. With a 5.0 Cap rate and a competitive 13.41 gross rent multiplier, this investment opportunity offers both promising returns and a solid financial foundation.Features include: Prime Location: Nestled in the desirable Brentwood-Darlington neighborhood, this property enjoys close proximity to schools, parks, shopping, dining, and public transportation. Tenants will appreciate the convenience of city living with a suburban feel.Professional Management: This investment property is professionally managed, ensuring hassle-free ownership and consistent cash flow. Sit back and watch your investment thrive.On-Site Laundry: Tenant convenience is a priority. With on-site laundry facilities, you'll attract and retain quality tenants who appreciate the added convenience.Strong Financials: With a Cap rate of 4.88 and a gross rent multiplier of 13.88, this property stands as a lucrative investment opportunity with potential for continued appreciation.The property is currently fully leased so please respect the current tenant's privacy.Don't miss out on this exceptional investment opportunity! Whether you're a seasoned investor looking to expand your portfolio or a first-time investor seeking a hassle-free income stream, this 4-plex is a must-see!!!

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Multi-Family Active

Price

$ 899,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,973

Style

Year Built

1942

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

23166503

Features
General
Sewer PublicSewer
Heating WallFurnace
Roof Composition
Zoning R5
Year Built 1942
Stories 1
Tax Year 2023
Gross Income 67044.0
County Multnomah
Net Operating Income 45101.0
Operating Expense 18957.0
Property Type MultiFamily
Subdivision Name BRENTWOOD - DARLINGTON
Rent Includes Gas TrashCollection Water
Status Active
Directions SE 52nd. East on SE Knapp.
High School Franklin
City Portland
Total Units 4
MLS Area _143
Street Name KNAPP
Listing Terms Cash Conventional
Elementary School Whitman
Tax Annual Amount 6973.64
Middle/Junior High School Lane
Property Condition UpdatedRemodeled
Virtual Tour https://my.matterport.com/show/?m=cbBjDQ2DzhM
Days on Market 213
Standard Status Active
Legal Description BONITA PK BLOCK 3 E 65' OF LOT 6
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Interior
Basement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Street Suffix ST
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features Open
Lot Features Level
Water Source PublicWater
Total Parking 4.0
Exterior Description Cedar
Building Area Total 2000.0
Road Surface Type Gravel Paved
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Internal Only
Street Number 1 5821
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* Excluded Features
List By
The Alpine Group, Inc.

Broker

sbates@alpinepdx.com

Email

Affordability Calculator

$6,861
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,280
Monthly Property Taxes
$581
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4303180 Elementary School
1950444 Middle School
Franklin High School High School
Pricing History
DatePricePrice ChangeDescription
10/19/2023$899,000 -2.81% Price Down
9/26/2023$925,000 Listed Price

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5821 SE KNAPP ST, Portland, OR, 97206 is a Multi-Family Home for sale at $899,000 with 2,000 sqft. 5821 SE KNAPP ST has 8 bedrooms, 4.0 baths, and was built in 1942. The property's zip code is 97206 which is in Portland, OR