Updated Triplex with Nine Parking
For Sale
$749,000
5620 NE KILLINGSWORTH St, Portland, OR 97218
MULTI_FAMILY - Portland, OR
Property Size2,953 SF
Lot Size0.30 Acres
Price / SF$253.64
Days on Market24
Property Features for 5620 NE KILLINGSWORTH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 7
Elementary school
Rigler
Middle school
Roseway Heights
High school
Leodis McDaniel
Directions
Killingsworth between 55th and 57th
Subdivision
_142
Standard status
Active
APN
R317924
Size
2,953 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
SECTION 19 1N 2E, TL 200 0.30 ACRES
Tax Annual Amount
10450
Legal Description
SECTION 19 1N 2E, TL 200 0.30 ACRES
Utilities
Heating system
Baseboard
Amenities
private front porch
back patio
fireplace
storage
shared on-site laundry
Building Details
Year built
1985
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Real Broker
(855) 450-0442
Listed By:
Marc Zemp · License #201203833
(503) 501-6925
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 2 at 12:06PM
MLS# 542056464
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.
Updated triplex built in 1985 on a 0.3-acre lot with 2,953 square feet. Each unit includes a private front porch, back patio, fireplace, and storage, with storage available across the property. Two units have three bedrooms, and the third unit has two bedrooms. The property is heated with baseboard heat and has a composition roof. Recent updates include a newer roof, refinished kitchen cabinets, and toilet replacements throughout.
The homes are set back off the street and share on-site laundry. Parking includes nine spaces, supporting everyday tenant needs. All units are currently occupied.
Zoning is RM1. The offering also notes that the newer R1 zoning may support future expansion for two additional units; buyers should conduct due diligence, with a development packet available.
The homes are set back off the street and share on-site laundry. Parking includes nine spaces, supporting everyday tenant needs. All units are currently occupied.
Zoning is RM1. The offering also notes that the newer R1 zoning may support future expansion for two additional units; buyers should conduct due diligence, with a development packet available.
Key Highlights
- 0.3‑acre lot with 2,953 SF triplex built in 1985
- Zoned RM1 with notes about potential for two additional units
- Nine parking spaces plus shared on‑site laundry
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 | $62.0k | $21.00 |
| − Vacancy | −$3.2k | −$1.09 |
| EGI | $58.8k | $19.91 |
| − OpEx | −$17.6k | −$5.97 |
| NOI | $41.2k | $13.94 |
2,953 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$587.9K
$514.4K – $685.9K
NOI $41,152 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$541.7K
$474.0K – $631.9K
NOI $37,916 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$829.3K
$725.6K – $967.5K
NOI $58,049 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Updated triplex on a 0.3-acre lot, zoned RM1, with nine parking spaces and shared on-site laundry.
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 $749,000.
What are key features of this property?
This property features: 0.3‑acre lot with 2,953 SF triplex built in 1985; Zoned RM1 with notes about potential for two additional units; Nine parking spaces plus shared on‑site laundry
