Updated Triplex with Private
For Sale
$725,000
5620 NE Killingsworth St, Portland, OR 97218
Three occupied units provide a ready-to-operate multifamily configuration with shared laundry and substantial outdoor space.
Property Size2,953 SF
Price / SF$245.51
Days on Market96
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Property Features for 5620 NE Killingsworth St
General Information
Standard status
Active
Size
2,953 SF
Total Parking Spaces
9
Property subtype
Multi-Family
Zoning
R1
Occupancy
100%
Units
Unit Mix
2 x 3BR, 1 x 2BR
Multifamily Units
3
Additional Details
Gross Income
$65,100
Amenities
private front porch
back patio
fireplace
storage
shared on-site laundry
spacious backyard
Building Details
Year Built
1985
Listing Agency:
Real Broker
Listed By:
Marc Zemp · License #201203833
(503) 501-6925
Source:
Wyndeekono
Added: Jul 12
Changed: Oct 5
Last Checked: Oct 7 at 2:57PM
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 Real Broker
Investment Insights
Based on property information with market context.
This 2,953-square-foot triplex, built in 1985, includes two three-bedroom residences and one two-bedroom residence. Each unit has a private front porch, rear patio, fireplace, and dedicated storage. Interior updates include refinished kitchen cabinets and replaced toilets, while the property also benefits from a newer roof and shared on-site laundry. All three units are currently occupied.
The building is set back from NE Killingsworth Street on an expansive lot with a spacious backyard and nine parking spaces. Located in Portland’s Cully area, the property carries R1 zoning that allows two additional units, subject to buyer due diligence. A development packet is available.
The building is set back from NE Killingsworth Street on an expansive lot with a spacious backyard and nine parking spaces. Located in Portland’s Cully area, the property carries R1 zoning that allows two additional units, subject to buyer due diligence. A development packet is available.
Key Highlights
- 2,953‑square‑foot triplex built in 1985
- Two three‑bedroom units and one two‑bedroom unit
- All units currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,152
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,040
$823.0K
Cap Rate 7%
$587,886
$587.9K
Cap Rate 9%
$457,244
$457.2K
Market Conditions
NOI Build-Up for 2,953 SF
Gross rent
$62.0K $21.00/SF
− Vacancy
−$3.2K −$1.09/SF
EGI
$58.8K $19.91/SF
− OpEx
−$17.6K −$5.97/SF
NOI
$41.2K $13.94/SF
Area
Portland, OR
Vacancy
5.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,040
Cap Rate 7%
$587,886
Cap Rate 9%
$457,244
Alternative Uses
Best Use
Multifamily LT 5
$587.9K
$514.4K – $685.9K
NOI $41,152 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$541.7K
$474.0K – $631.9K
NOI $37,916 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$829.3K
$725.6K – $967.5K
NOI $58,049 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
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Business Placement
Demographics for 97218, OR
14,748
Population
6,440
Households
2.3
Avg Household Size
38
Median Age
51%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
2,201
Density / Sq Mi
$81,367
Median Household Income
$45,830
Median Earnings
$1,440
Median Rent
$493,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units provide a ready-to-operate multifamily configuration with shared laundry and substantial outdoor space.
Where is this triplex located?
The property is located at 5620 NE Killingsworth St Portland, OR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,953‑square‑foot triplex built in 1985; Two three‑bedroom units and one two‑bedroom unit; All units currently occupied
