Multi-Family for Sale: 5821 KNAPP ST, Portland, OR 97206

2,000 sqft
$895,000
$895,000
5821 KNAPP ST, Portland, OR 97206
2,000 sqft
$895,000
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Price:
$895,000
$30,000 - 10/19/2023

Type Multi-Family
Square Feet 2,000 sqft
Year Built 1942
Taxes Paid $6,973

City Portland
Area 143 - Portland Southeast
County Multnomah
School District Franklin
Subdivision BRENTWOOD - DARLINGTON

MLS 23166503
Status Active
DOM 423 days
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!!!

Room Features

Basement Description Crawl Space

Virtual Tours for 5821 KNAPP ST Portland, OR

Lot & Building Features

Heating Wall Furnace
Parking Description Open
Sewer Public Sewer
Water Public Water
Water Heater Electricity, Tank

Community and Schools

Elementary School Whitman
Junior High School Lane
Senior High School Franklin

Unit Features

Unit Type 1 Actual Rent 1425
Unit Type 1 Area 500
Unit Type 1 Baths Total 1
Unit Type 1 Beds Total 2
Unit Type 1 Features Dishwasher, Refrigerator, Microwave, Disposal
Unit Type 1 Units Total 1
Unit Type 2 Actual Rent 1412
Unit Type 2 Area 500
Unit Type 2 Baths Total 1
Unit Type 2 Beds Total 2
Unit Type 2 Features Dishwasher, Refrigerator, Microwave, Disposal
Unit Type 2 Units Total 1
Unit Type 3 Actual Rent 1355
Unit Type 3 Area 500
Unit Type 3 Baths Total 1
Unit Type 3 Beds Total 2
Unit Type 3 Features Dishwasher, Refrigerator, Microwave, Disposal
Unit Type 3 Units Total 1
Unit Type 4 Actual Rent 1433
Unit Type 4 Area 500
Unit Type 4 Baths Total 1
Unit Type 4 Beds Total 2
Unit Type 4 Features Dishwasher, Refrigerator, Microwave, Hardwood Floors
Unit Type 4 Units Total 1

Price History of 5821 KNAPP ST, Portland, OR

Date Name Price Difference
10/19/2023 Price Adjustment $895,000 3.24%
09/26/2023 Listing Price $925,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 5821 KNAPP ST, Portland, OR

Location Map Street View
Photo of Don Nunamaker, Realtors
Direct: 541-386-4400
Office
2495 Cascade Ave.
Hood River, OR 97031
541-386-4400
Listed by The Alpine Group, Inc., Seann Bates
$
20%
0.77917765363128%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

5821 KNAPP ST (MLS #23166503) is a multi-family listing located in Portland, OR. This property was listed on 09/09/2024 and has been priced for sale at $895,000.

Nearby zip codes are 97202, 97215, 97217, 97222 and 97266. This property neighbors other cities such as Happy Valley and Milwaukie.

RMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: The Alpine Group, Inc.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS. of Portland, Oregon. Real estate listings held by brokerage firms other than Don Nunamaker, Realtors are marked with the RMLS. logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS., Portland, Oregon.