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Listed by Keller Williams PDX Central
$ 799,999
Est. payment /mo
Active
5821 SE KNAPP ST Portland, OR 97206
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $399
Subdivision Brentwood - Darlington
MLS Listing ID 262127970
HOA Y/N No
Year Built 1942
Annual Tax Amount $7,522
Tax Year 2025
Lot Size 6,534 Sqft
Property Description
This 4-plex offers an amazing opportunity for both seasoned investors and buyers looking to live in one unit and rent out the others. Let this property pay your mortgage while your net worth grows! All units feature updates throughout, including quartz countertops, LVP flooring, and stainless steel appliances. Each unit also features its own private fenced backyard. Parking is a breeze with multiple off-street parking spaces. The single-level layout makes this a simple property when it comes to maintenance. Brentwood Park and Brentwood Community Garden are right around the corner, adding to this growing location. Unit #4 will be vacant as of 4/30/26, making this an ideal candidate for owner-occupied financing. Projected income shows a 5.78% cap rate for 2026, assuming 100% occupancy. Ask about available lender incentives!
Location
State OR
County Multnomah
Community Laundry
Area _143
Zoning R5
Interior
Heating Wall Heater
Cooling None
Exterior
Community Features Laundry
Roof Type Shingle
Garage No
Building
Lot Description Level, Public Road
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Whitman
Middle Schools Lane
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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