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8625 SE Knapp St, Portland, OR, 97266

4beds
2baths
1,642sqft
$525,000
$320price/sqft
$3,408/moest. monthly cost
$136,320/yrincome needed

About This Home

Two detached residences on one lot paired with a 3% assumable FHA loan, creating an appealing opportunity for those seeking rental income, shared living flexibility, or long-term investment potential.The main home at 8625 SE Knapp St includes 2 bedrooms, 1 bathroom, and 1,042 sq ft of thoughtfully updated space. Features include quartz countertops, stainless steel appliances, an updated bathroom with walk-in shower, and an open-concept layout. Additional improvements such as LVP flooring, tankless water heater, Nest-controlled gas furnace, and plumbing updates support everyday efficiency.The second residence at 7227 SE 87th Ave offers 2 bedrooms and 1 bathroom across 600 sq ft, with quartz countertops, stainless appliances, stackable laundry, and a practical layout. A 20’ x 12’ covered parking patio adds usable outdoor functionality. A compelling setup for those exploring multi-unit living or income-producing property options.

Getting Around

66
WalkingSomewhat Walkable
54
TransitGood Transit
87
BikeVery Bikeable

Schools

6/10
Kelly Elementary SchoolGrades K-50.2 mi
6/10
Lane Middle SchoolGrades 6-81.3 mi
6/10
Franklin High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1953

Materials

  • Roof: Composition
  • Construction materials: Shake Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Range,Refrigerator,Washer/Dryer,Tankless Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Baseboard,Forced Air

Interior Area

  • Total structure area: 1,642
  • Total interior livable area: 1,642 sqft

Property

Details

  • Parcel number: R172134
  • Zoning: R5

Features

  • Stories: 1

Lot

  • Features: Level,SqFt 5000 to 6999

Parking

  • Total spaces: 2