5821 Southeast Knapp Street

Portland, OR 97206

$895,000
Price
—
Beds
—
Baths
2,000 Sq. Ft.
$448 / Sq. Ft.
2,000
Sq. Ft.
$448
per Sq. Ft.

Virtual Tour

Virtual Tour

a front view of a house with a yard
a front view of a house with garden
a view of a wooden house with a large window and potted plants and large tree
a black and white photo of a living room
a picture of a living room
a open hall with wooden floor and windows
a kitchen with a refrigerator and a sink
a kitchen with a stove and a microwave
a open hall with a window and a kitchen
a open living room with a hallway and wooden floor
a open living room with a sink and glass door
a open living room with a hallway
a bathroom with a sink and a mirror
a bathroom with a tub and a sink
a view of a yard
an empty room with wooden floor and window
an empty room with wooden floor and windows
an empty room with windows and closet
an empty room with a window
a kitchen with a refrigerator stove and microwave
a kitchen with stainless steel appliances granite countertop a sink a stove a refrigerator cabinets and wooden floor

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!
  1. Listed by Seann Bates • The Alpine Group, Inc.

Property Details for 5821 Southeast Knapp Street

Subdivision
BRENTWOOD - DARLINGTON
Parking Features
Open
Zoning
R5
Parking Total
4.00
LISTING UPDATED: 09/09/2024 02:11 PM

Property Details for 5821 Southeast Knapp Street

StatusActive
MLS #23166503
Days on Market534
Taxes$6,974 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1942
Lot Size-
CountyMultnomah 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
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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 Baths Decimal: 1.00
  • 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 Baths Decimal: 1.00
  • 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 Baths Decimal: 1.00
  • 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 Baths Decimal: 1.00
  • 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

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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 Record2024$7,252 ($604 / 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
Whitman Elementary School
Public - K to 5
Lane Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Portland Village School
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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More information about 5821 Southeast Knapp Street, Portland, OR 97206

5821 Southeast Knapp Street is a multi-family home for sale in Portland, OR 97206. This property was listed for sale on September 26, 2023 by The Alpine Group, Inc., it's currently listed at $895,000. It has been on the market for a total of 534 days and was last sold on September 7, 2018. This listing's school district is Portland School District 1j. Nearby schools include Whitman Elementary School, Lane Middle School and Franklin High School. 5821 Southeast Knapp Street is a 0-bed, 0-bath, 2,000 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Alpine Group, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2025 RMLS, Portland, Oregon. Last updated: 09/09/2024 02:11 PM