Updated Triplex with
For Sale
$725,000
5620 NE KILLINGSWORTH St, Portland, OR 97218
MultiFamily, Portland, OR
Property Size2,953 SF
Lot Size0.30 Acres
Price / SF$245.51
Days on Market115
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
Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
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
Additional Details
Tenant in Place
Yes
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
spacious backyard
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: Nov 1
Last Checked: Nov 1 at 7:06PM
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.
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Investment Insights
Based on property information with market context.
This updated triplex contains 2,953 square feet across three occupied units. Two apartments offer three bedrooms each, while the third provides two bedrooms. Unit features include private front porches, rear patios, fireplaces, and individual storage. Shared laundry serves the property, and baseboard heating is installed throughout.
Set on 0.30 acres in Portland’s Cully area, the property sits back from NE Killingsworth Street and includes a spacious backyard with nine parking spaces. Improvements include a newer composition roof, refinished kitchen cabinets, and updated toilets. Built in 1985, the property offers an established multifamily configuration with a mix of two- and three-bedroom residences.
Set on 0.30 acres in Portland’s Cully area, the property sits back from NE Killingsworth Street and includes a spacious backyard with nine parking spaces. Improvements include a newer composition roof, refinished kitchen cabinets, and updated toilets. Built in 1985, the property offers an established multifamily configuration with a mix of two- and three-bedroom residences.
Key Highlights
- Three‑unit property totaling 2,953 square feet
- Unit mix includes two three‑bedroom apartments and one two‑bedroom apartment
- All units are 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.
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Occupied three-unit property with varied layouts, private outdoor areas, fireplaces, storage, and shared 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 $725,000.
What are key features of this property?
This property features: Three‑unit property totaling 2,953 square feet; Unit mix includes two three‑bedroom apartments and one two‑bedroom apartment; All units are currently occupied
