Portland, OR 97206,5821 SE KNAPP ST,Video Tour

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Morgan Blackwell

MORE Realty

morganblackwellhomes@gmail.com +1(503) 860-8048

Listed by The Alpine Group, Inc.

$ 895,000

Est. payment | -/mo

2,000 SqFt

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$ 895,000

Est. payment | -/mo

Save Virtual Tour

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,000 sqft

Price per Sqft $447

Subdivision Brentwood - Darlington

MLS Listing ID 23166503

Year Built 1942

Annual Tax Amount $6,973

Tax Year 2023

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!!!

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Wall Furnace

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level

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

Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 860-8048

morganblackwellhomes@gmail.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224, USA

5821 SE KNAPP ST Portland, OR 97206