About 5821 Se Knapp St
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!!!
Features of 5821 Se Knapp St
| MLS® # | 23166503 |
|---|---|
| Price | $899,000 |
| Units | 4 |
| Square Footage | 2,000 |
| Year Built | 1942 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 5821 Se Knapp St |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | BRENTWOOD - DARLINGTON |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97206 |
Interior
| Heating | Wall Furnace |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Basement | Crawl Space |
Exterior
| Exterior | Cedar |
|---|---|
| Lot Description | Level |
| Roof | Composition |
School Information
| Elementary | Whitman |
|---|---|
| Middle | Lane |
| High | Franklin |
Additional Information
| Date Listed | September 26th, 2023 |
|---|---|
| Days on Market | 213 |
| Zoning | R5 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 5.02 |
Unit 1 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,425 |
| Features | Dishwasher, Disposal, Microwave, Refrigerator |
Unit 2 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,412 |
| Features | Dishwasher, Disposal, Microwave, Refrigerator |
Unit 3 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,355 |
| Features | Dishwasher, Disposal, Microwave, Refrigerator |
Unit 4 Details
| Beds | 2 |
|---|---|
| Baths | 1 |
| Rent | $1,433 |
| Features | Dishwasher, HardwoodFloors, Microwave, Refrigerator |
Listing Details
| Office | The Alpine Group, Inc. |
|---|