tomo logo

$895,000

Beds
8
sq ft
2,000

5821 SE Knapp St, Portland, OR 97206

5821 SE Knapp St

Portland, OR 97206

  • 409 days on market
    • Price drop $4,000↓
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!!!

Details

Property type

Est. home value

$881,988

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$448

Year built

1942

Annual property taxes

$6,973.64

Price History

09/09/2024
PortlandOR

PortlandOR #23166503

Price change
$895,000
-0.44%
08/12/2024
PortlandOR

PortlandOR #23166503

Removed
$899,000
09/26/2023
PortlandOR

PortlandOR #23166503

Listed
$899,000
+19.87%

Schools & Community

Neighborhood: 

Brentwood-Darlington

Elementary school: 

Whitman

Middle school: 

Lane

High school: 

Franklin

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Vicky L Bacon

Loan start date

December 2000

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

7.79%

Loan type

Seller take-back

Seller

Karen Jeanine Herness

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/08/2024 at 8:40 AM

Listing updated: 09/09/2024 at 2:19 PM

Listed by: Seann Bates, The Alpine Group, Inc. Phone #: (503) 641-4620

MLS: PortlandOR #23166503

PortlandOR logo

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