Townhome-Style Triplex with
5620 Northeast Killingsworth Street Portland, OR 97218
For Sale
$829,000
Triplex with three townhome-style units, private porches and patios, shared laundry, and nine off-street parking spaces.
Property Size3,127 SF
Price / SF$265.11
Days on Market488
Property Features for 5620 Northeast Killingsworth Street
General Information
- Standard status
- Active
- Size
- 3,127 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1985
Listing Agency:
Where, Inc
(503) 222-4373
Listed By:
Sanam Dowlatdad · License #201212524
(503) 222-4373
Source:
Compass
Added: Mar 24, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:10PM
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 Where, Inc
Investment Insights
Based on property information with market context.
This inner NE Portland triplex features three townhome-style units, each with a private front porch and back patio, fireplace, and dedicated storage. One unit is currently vacant. The recently vacant unit has been updated with new LVP flooring and carpet, fresh interior paint, refinished kitchen cabinets, new toilets, and a professionally re-sealed bathtub, and the property also has a newer roof.
Residents have access to shared on-site laundry and a spacious backyard. Off-street parking totals nine spaces.
The expansive lot may offer potential for additional development, with the possibility of adding 2–3 units (buyer to verify). The property is located on a bus line and near neighborhood amenities, supporting convenient access for residents.
Residents have access to shared on-site laundry and a spacious backyard. Off-street parking totals nine spaces.
The expansive lot may offer potential for additional development, with the possibility of adding 2–3 units (buyer to verify). The property is located on a bus line and near neighborhood amenities, supporting convenient access for residents.
Key Highlights
- Triplex with three townhome‑style units, each featuring a private front porch and back patio
- Each unit includes a fireplace and dedicated storage
- Recent updates include a newer roof plus upgrades to the vacant unit: new LVP flooring + carpet, fresh interior paint, refinished kitchen cabinets
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 | $65.7k | $21.00 |
| − Vacancy | −$3.4k | −$1.09 |
| EGI | $62.3k | $19.91 |
| − OpEx | −$18.7k | −$5.97 |
| NOI | $43.6k | $13.94 |
3,127 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$622.5K
$544.7K – $726.3K
NOI $43,577 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$573.6K
$501.9K – $669.2K
NOI $40,151 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$878.1K
$768.4K – $1.02M
NOI $61,470 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three townhome-style units, private porches and patios, shared laundry, and nine off-street parking spaces.
Where is this triplex located?
The property is located at 5620 Northeast Killingsworth Street Portland, OR.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: Triplex with three townhome‑style units, each featuring a private front porch and back patio; Each unit includes a fireplace and dedicated storage; Recent updates include a newer roof plus upgrades to the vacant unit: new LVP flooring + carpet, fresh interior paint, refinished kitchen cabinets
