- ADDRESS:
- 5821 SE KNAPP ST Portland, OR 97206
- Videos:
- Virtual Tour Print this Listing
- Price:
- $895,000
- Units:
- 4
- Unit 1:
-
2 Bed
1.0 Bath
$1,425/mo
Features: Dishwasher, Disposal, Microwave, Refrigerator - Unit 2:
-
2 Bed
1.0 Bath
$1,412/mo
Features: Dishwasher, Disposal, Microwave, Refrigerator - Unit 3:
-
2 Bed
1.0 Bath
$1,355/mo
Features: Dishwasher, Disposal, Microwave, Refrigerator - Unit 4:
-
2 Bed
1.0 Bath
$1,433/mo
Features: Dishwasher, Hardwood Floors, Microwave, Refrigerator - MLS#:
- 23166503
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Multi
- Zone:
- R5
- Yr Built:
- 1942
- Taxe/yr:
- $6,973.64
- County:
- Multnomah
- Status:
- Active
- Levels:
- 1
- Heat:
- Wall Furnace
- Nhood/Bldg:
- BRENTWOOD - DARLINGTON
- Elem:
- Whitman
- Middle:
- Lane
- High:
- Franklin
- Lot Desc:
- Level
- Area:
- Portland Southeast
- Courtesy of:
- The Alpine Group, Inc.
- Remarks:
- 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!!!