Fourplex with Private Fenced
For Sale
$775,000
5821 SE KNAPP St, Portland, OR 97206
MULTI_FAMILY - Portland, OR
Property Size2,000 SF
Lot Size0.15 Acres
Price / SF$387.50
Days on Market137
Property Features for 5821 SE KNAPP St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2
Subdivision
BRENTWOOD - DARLINGTON
Elementary school
Whitman
Middle school
Lane
High school
Franklin
Directions
Flavel to 60th left on Knapp
Standard status
Active
APN
R118330
Size
2,000 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
BONITA PK, BLOCK 3, E 65' OF LOT 6
Tax Annual Amount
7523
Legal Description
BONITA PK, BLOCK 3, E 65' OF LOT 6
Building Details
Year built
1942
Floors in Building
1
Number of units
4
Roof type
Shingle
Listing Agency:
Keller Williams PDX Central · Keller Williams Realty
(503) 548-4848
Listed By:
Alexander Johnson
(503) 333-9626
Added: Mar 19
Changed: Jul 29
Last Checked: Aug 2 at 2:06PM
MLS# 262127970
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.
This fourplex offers a single-level layout designed for straightforward day-to-day maintenance. Each unit includes updated features throughout, including quartz countertops, LVP flooring, and stainless steel appliances. A private fenced backyard is included for every unit, providing outdoor space while maintaining separation between tenants. Parking is supported by multiple off-street spaces. Unit 4 is currently vacant.
The property is zoned R5 and located at 5821 SE KNAPP St in Portland, OR 97206. The public remarks note nearby amenities including Brentwood Park and the Brentwood Community Garden.
For buyers seeking an owner-occupant setup or a rental-focused structure, this configuration supports living in one unit while renting the others. With unit 4 vacant, the property may offer flexibility for an owner to move in or for an operator to lease a ready-to-occupy unit. The combination of updated finishes, private outdoor space, and off-street parking can also help support practical tenant appeal for a multi-unit residential investment.
The property is zoned R5 and located at 5821 SE KNAPP St in Portland, OR 97206. The public remarks note nearby amenities including Brentwood Park and the Brentwood Community Garden.
For buyers seeking an owner-occupant setup or a rental-focused structure, this configuration supports living in one unit while renting the others. With unit 4 vacant, the property may offer flexibility for an owner to move in or for an operator to lease a ready-to-occupy unit. The combination of updated finishes, private outdoor space, and off-street parking can also help support practical tenant appeal for a multi-unit residential investment.
Key Highlights
- 4‑plex built in 1942 with a single‑level layout
- Updates in all units include quartz countertops, LVP flooring, and stainless steel appliances
- Each unit has a private fenced backyard
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 | $44.4k | $22.20 |
| − Vacancy | −$2.4k | −$1.22 |
| EGI | $42.0k | $20.98 |
| − OpEx | −$12.6k | −$6.29 |
| NOI | $29.4k | $14.69 |
2,000 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$419.6K
$367.1K – $489.5K
NOI $29,371 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$376.2K
$329.2K – $438.9K
NOI $26,334 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$561.6K
$491.4K – $655.3K
NOI $39,315 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Fenced yard
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?
Quadplex - Single-level fourplex with updated interiors, private fenced backyards per unit, and multiple off-street parking spaces.
Where is this quadplex located?
The property is located at 5821 SE KNAPP St Portland, OR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 4‑plex built in 1942 with a single‑level layout; Updates in all units include quartz countertops, LVP flooring, and stainless steel appliances; Each unit has a private fenced backyard
