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5821 SE Knapp St

Portland, OR 97206
  • $899,000
  • STATUS: Active
  • MLS #: 23166503
$899,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,000
    SQFT
  • $450
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Information

Elementary School:
Middle School:
High School:

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 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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Listing content is copyright © 2024 RMLS™, Portland, Oregon. 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 Reuben Bray Homes | Realty One Group Prestige are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-18T18:46:24.093.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Reuben Bray Homes | Realty One Group Prestige and should be independently verified.
www.reubenbrayhomes.com/homes/143733110
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5821 SE Knapp St Portland, OR 97206

  • Price: $899,000
  • Status: Active
  • On Site: Days
  • MLS #: 23166503
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,000
SQFT
$450
$/SQFT
1942
Built
Neighborhood:
Brentwood - Darlington
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Whitman
Middle School:
Lane
High School:
Franklin
Property 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 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!!!
Exterior Features

Attached Garage YN No Exterior Description Cedar Lot Features Level Parking Features Open Parking Total 4 Road Surface Type Gravel Paved Roof Composition View YN No

Interior Features

Basement Crawl Space Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 67044 Hot Water Description Electricity Tank IDXAddress Display YN Yes Listing Terms Cash Conventional Net Operating Income 45101 Operating Expense 18957 Property Attached YN No Property Condition Updated Remodeled Rent Includes Gas Trash Collection Water Sewer Public Sewer Short Sale YN No Storage None Tax Annual Amount 6973.64 Tax Year 2023 Water Source Public Water Zoning R5

Listing provided courtesy of The Alpine Group, Inc.: .


Listing content is copyright © 2024 RMLS™, Portland, Oregon. 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 Reuben Bray Homes | Realty One Group Prestige are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-18T18:46:24.093.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Reuben Bray Homes | Realty One Group Prestige and should be independently verified.
 
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