5821 Southeast Knapp Street
Portland, OR 97206
$895,000
Price
—
Beds
2,000 Sq. Ft.
$448 / Sq. Ft.
2,000
Sq. Ft.
$448
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
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...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!
- Listed by Seann Bates • The Alpine Group, Inc.
Property Details for 5821 Southeast Knapp Street
Subdivision
BRENTWOOD - DARLINGTON
Parking FeaturesOpen
ZoningR5
Parking Total4.00
LISTING UPDATED: 09/09/2024 02:11 PM
Property Details for 5821 Southeast Knapp Street
| Status | Active |
|---|---|
| MLS # | 23166503 |
| Days on Market | 419 |
| Taxes | $6,974 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1942 |
| Lot Size | - |
| County | Multnomah County |
Virtual Tour
Building Information for 5821 Southeast Knapp Street
Stories1Residences4Year Built1942Building Size-Lot Size-
Property Information for 5821 Southeast Knapp Street
Summary
Location and General Information
- Country: US
- Directions: SE 52nd. East on SE Knapp.
- Road Surface: Gravel, Paved
School Information
- Elementary School: Whitman
- High School: Franklin
- Middle Or Junior School: Lane
Taxes and HOA
- Management Name: The Alpine Group, Inc
- Management Phone: 503-641-4620
- Tax Year: 2023
- Tax Annual Amount: $6,973.64
- Parcel Number: R118330
- Tax Legal Description: BONITA PK, BLOCK 3, E 65' OF LOT 6
Virtual Tour
- Video Virtual Tour 1 URL: https://my.matterport.com/show/?m=cbBjDQ2DzhM
Property
Lot Information
- Lot Description: Level
- Lot Size Range: Sq Ft5000to6999
- Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Updated Remodeled
- Year Built: 1942
Utilities
- Fuel Description: Electricity
- Heating Description: Wall Furnace
- Hot Water Description: Electricity, Tank
- Sewer Description: Public Sewer
- Rent Includes: Gas, Trash Collection, Water
Interior and Exterior Features
Exterior Features
- Exterior Description: Cedar
- Roof Type: Composition
Interior Features
- Basement: Crawl Space
- Stories: 1
Multi Family
Multi-Family Information
- Number Of Units Total: 4
- Gross Income Actual: $67,044.00
- Gross Income Projected: $72,000.00
- Gross Rent Multiplier: $13.35
- Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Rent Records
- Net Income Actual: $45,101.00
- Net Income Projected: 50000
- Operating Expenses Projected: $18,950.00
- Operating Expense: $18,957.00
- Storage: None
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
- SqFt Approximate Building Total: 2000
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 2
- Unit Type 1 Features: Dishwasher, Disposal, Microwave, Refrigerator
- Unit Type 1 Rent: $1,425
- Unit Type 1 SqFt: 500.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Beds Total: 2
- Unit Type 2 Features: Dishwasher, Disposal, Microwave, Refrigerator
- Unit Type 2 Rent: $1,412
- Unit Type 2 SqFt: 500.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 1
- Unit Type 3 Beds Total: 2
- Unit Type 3 Features: Dishwasher, Disposal, Microwave, Refrigerator
- Unit Type 3 Rent: $1,355
- Unit Type 3 SqFt: 500.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Beds Total: 2
- Unit Type 4 Features: Dishwasher, Hardwood Floors, Microwave, Refrigerator
- Unit Type 4 Rent: $1,433
- Unit Type 4 SqFt: 500
- Unit Type 4 UnitsTotal: 1
Property History for 5821 Southeast Knapp Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5821 Southeast Knapp Street
Taxable ValueLand-Additions-Total-
Tax Record2023$6,974 ($581 / month)
Home Facts
Baths4Total Finished SqFt1,000 SqFtAbove Grade Finished SqFt1,000 SqFtStories1Lot Size6,500 SqFtStyleDuplexYear Built1942ZoningR5CountyMULTNOMAHAPN1S2E19AD 09000
Schools near 5821 Southeast Knapp Street
This home is within Portland School District 1j.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Whitman Elementary School PublicK to 5 | ||
Lane Middle School Public6 to 8 | ||
Franklin High School Public9 to 12 | ||
Portland Village School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of The Alpine Group, Inc.
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