Modern Home in Prime
For Sale
$355,000
5692 SE Knapp ST #A, Portland, OR 97206
Thoughtfully designed home near parks, grocery stores, and Woodstock neighborhood.
Property Size1,117 SF
Days on Market514
Property Features for 5692 SE Knapp ST #A
General Information
Standard status
Active
Size
1,117 SF
Property subtype
Condominium
Amenities
Security System
Mini Split
Dishwasher
Island
Microwave
Solid Surface Countertop
Stainless Steel Appliance
Composition
Building Details
Building Size
1,117 SF
Year Built
2024
Stories
2
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Mar 25, 2025
Changed: Aug 14
Last Checked: Aug 18 at 10:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Portland Premiere
Investment Insights
Based on property information with market context.
This home offers a blend of convenience and style with an open-concept floor plan connecting the living spaces. The living room flows into a dining area and kitchen featuring an eat-bar island, stainless steel appliances, tilework, and cabinetry with a pantry. Upstairs, the primary bedroom includes an ensuite bathroom. Two additional bedrooms share a J & J bathroom. The property is located near parks and grocery stores, moments away from the Woodstock neighborhood, with a WalkScore of 96. A 1-year builder warranty is included.
Key Highlights
- Prime location with an impressive WalkScore of 96, close to parks, grocery stores, and the Woodstock neighborhood.
- Open‑concept floor plan connecting living, dining, and kitchen areas.
- The kitchen FEATURES an eat‑bar island, stainless steel appliances, tilework, and ample storage including a pantry.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,708
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,160
$294.2K
Cap Rate 7%
$210,114
$210.1K
Cap Rate 9%
$163,422
$163.4K
Market Conditions
NOI Build-Up for 1,117 SF
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.
Gross rent
$28.1K $25.20/SF
− Vacancy
−$1.4K −$1.26/SF
EGI
$26.7K $23.94/SF
− OpEx
−$12.0K −$10.77/SF
NOI
$14.7K $13.17/SF
Area
ZIP 97206
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$294,160
Cap Rate 7%
$210,114
Cap Rate 9%
$163,422
Alternative Uses
Best Use
Apartment 5plus
$210.1K
$183.9K – $245.1K
NOI $14,708 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$313.7K
$274.5K – $366.0K
NOI $21,958 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Thoughtfully designed home near parks, grocery stores, and Woodstock neighborhood.
Where is this apartment building located?
The property is located at 5692 SE Knapp ST #A Portland, OR.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Prime location with an impressive WalkScore of 96, close to parks, grocery stores, and the Woodstock neighborhood.; Open‑concept floor plan connecting living, dining, and kitchen areas.; The kitchen FEATURES an eat‑bar island, stainless steel appliances, tilework, and ample storage including a pantry.
