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.
Active
Price increase: $126K (4/23)
$525,000
8625 SE Knapp St, Portland, OR 97266
4beds
1,642sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$320/sqft
$-- HOA
What's special
Plumbing updatesTankless water heaterNest-controlled gas furnaceStainless steel appliancesStackable laundryLvp flooringOpen-concept layout
- 15 days |
- 2,497 |
- 173 |
Zillow last checked:
Listing updated:
Listed by:
Kyle Conway 503-757-9692,
Move Real Estate Inc
Source: RMLS (OR),MLS#: 209839896
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air 90
Appliances
- Included: Dishwasher, Range, Refrigerator, Washer/Dryer, Gas Water Heater
Features
- Basement: Crawl Space
Interior area
- Total structure area: 1,642
- Total interior livable area: 1,642 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Deck
Lot
- Features: Corner Lot, Level, SqFt 5000 to 6999
Details
- Parcel number: R172134
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Lap Siding, Stone
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1953
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $320/sqft
- Tax assessed value: $442,100
- Annual tax amount: $4,765
- Date on market: 4/15/2026
- Listing terms: Assumable,FHA
- Total actual rent: 1600
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Price change | $525,000+31.6%$320/sqft |
Source:  RMLS (OR) #209839896 Report a problem | ||
| 4/15/2026 | Listed for sale | $399,000+7.8%$243/sqft |
Source: RMLS (OR) #434576888 Report a problem | ||
| 10/31/2025 | Sold | $370,000-7.3%$225/sqft |
Source: RMLS (OR) #765411653 Report a problem | ||
| 10/1/2025 | Pending sale | $399,000$243/sqft |
Source: RMLS (OR) #765411653 Report a problem | ||
| 9/29/2025 | Listed for sale | $399,000+5.4%$243/sqft |
Source: RMLS (OR) #765411653 Report a problem | ||
| 9/30/2020 | Sold | $378,600+32.4%$231/sqft |
Source: Public Record Report a problem | ||
| 9/18/2014 | Sold | $286,000+64.4%$174/sqft |
Source: Public Record Report a problem | ||
| 7/15/2014 | Sold | $174,000-12.6%$106/sqft |
Source: RMLS (OR) #13135316 Report a problem | ||
| 2/20/2014 | Listed for sale | $199,000+22.8%$121/sqft |
Source: Pete Anderson Realty Assoc Inc #13135316 Report a problem | ||
| 5/20/2013 | Sold | $162,000$99/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,765 +3.7% | $176,850 +3% |
| 2024 | $4,594 +4% | $171,700 +3% |
| 2023 | $4,417 +2.2% | $166,700 +3% |
| 2022 | $4,322 +1.7% | $161,850 +3% |
| 2021 | $4,249 +12.5% | $157,140 +6.3% |
| 2020 | $3,776 +3.8% | $147,820 +3% |
| 2019 | $3,638 | $143,520 +3% |
| 2018 | $3,638 +3% | $139,340 +3% |
| 2017 | $3,531 +14% | $135,290 +3% |
| 2016 | $3,097 | $131,350 +3% |
| 2015 | $3,097 +2.7% | $127,530 -10.1% |
| 2014 | $3,016 -7.8% | $141,780 -20.7% |
| 2013 | $3,271 +8.9% | $178,830 +6.1% |
| 2011 | $3,003 -13.5% | $168,580 +6.1% |
| 2009 | $3,472 +6% | $158,910 +3% |
| 2008 | $3,276 +0.3% | $154,290 +3% |
| 2007 | $3,267 +11.4% | $149,800 +3% |
| 2006 | $2,933 +4.7% | $145,440 +3% |
| 2005 | $2,802 -7.5% | $141,210 +3% |
| 2004 | $3,029 +7% | $137,100 +3% |
| 2003 | $2,831 +3.3% | $133,110 +3% |
| 2002 | $2,741 +7.8% | $129,240 +6.1% |
| 2000 | $2,541 | $121,830 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,006/mo
Principal & interest
$2586
Property taxes
$420
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Climate risks
Neighborhood: Lents
Nearby schools
GreatSchools rating
- 6/10Kelly Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Lane Middle SchoolGrades: 6-8Distance: 1.3 mi
- 6/10Franklin High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Kelly
- Middle: Lane
- High: Franklin
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97266
- Lents
- 8625 SE Knapp St
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