Fourplex with Private Fenced
5821 SE KNAPP St Portland, OR 97206
For Sale
$775,000
MULTI_FAMILY - Portland, OR
Property Size2,000 SF
Lot Size0.15 Acres
Price / SF$387.50
Days on Market129
Property Features for 5821 SE KNAPP St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1
- Standard status
- Active
- APN
- R118330
- Size
- 2,000 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- BONITA PK, BLOCK 3, E 65' OF LOT 6
- Tax Annual Amount
- 7523
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Number of units
- 4
- Roof type
- Shingle
Listing Agency:
Keller Williams PDX Central
(503) 548-4848
Listed By:
Alexander Johnson
(503) 333-9626
Added: Mar 19
Changed: Jul 20
Last Checked: Jul 25 at 10:06AM
MLS# 262127970
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fourplex offers a single-level layout designed for straightforward day-to-day maintenance. Each unit includes updated features throughout, including quartz countertops, LVP flooring, and stainless steel appliances. A private fenced backyard is included for every unit, providing outdoor space while maintaining separation between tenants. Parking is supported by multiple off-street spaces. Unit 4 is currently vacant.
The property is zoned R5 and located at 5821 SE KNAPP St in Portland, OR 97206. The public remarks note nearby amenities including Brentwood Park and the Brentwood Community Garden.
For buyers seeking an owner-occupant setup or a rental-focused structure, this configuration supports living in one unit while renting the others. With unit 4 vacant, the property may offer flexibility for an owner to move in or for an operator to lease a ready-to-occupy unit. The combination of updated finishes, private outdoor space, and off-street parking can also help support practical tenant appeal for a multi-unit residential investment.
The property is zoned R5 and located at 5821 SE KNAPP St in Portland, OR 97206. The public remarks note nearby amenities including Brentwood Park and the Brentwood Community Garden.
For buyers seeking an owner-occupant setup or a rental-focused structure, this configuration supports living in one unit while renting the others. With unit 4 vacant, the property may offer flexibility for an owner to move in or for an operator to lease a ready-to-occupy unit. The combination of updated finishes, private outdoor space, and off-street parking can also help support practical tenant appeal for a multi-unit residential investment.
Key Highlights
- 4‑plex built in 1942 with a single‑level layout
- Updates in all units include quartz countertops, LVP flooring, and stainless steel appliances
- Each unit has a private fenced backyard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $42.0k | $20.98 |
| − OpEx | −$12.6k | −$6.29 |
| NOI | $29.4k | $14.69 |
2,000 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.6K
$367.1K – $489.5K
NOI $29,371 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$376.2K
$329.2K – $438.9K
NOI $26,334 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$561.6K
$491.4K – $655.3K
NOI $39,315 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Single-level fourplex with updated interiors, private fenced backyards per unit, and multiple off-street parking spaces.
Where is this quadplex located?
The property is located at 5821 SE KNAPP St Portland, OR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4‑plex built in 1942 with a single‑level layout; Updates in all units include quartz countertops, LVP flooring, and stainless steel appliances; Each unit has a private fenced backyard
