Strong performing townhome style fourplex nestled in the Madison Place Community of NE Portland. The property consists of 3 Two Bed / 1.5 Bath units and 1 Two Bed / 1 Bath unit. Each unit has its own single car parking garage, washer/dryer, fireplaces and is professionally managed with an HOA. The current rents on the property are substantially under market. The current CAP rate on this asset is 5.11 with a proforma of 5.6.
Multi-familyProperty Type
2000Year Built
$252Price/Sq.Ft.
1 car garageParking
Listed by Nick Krautter, P.C..• City and State Real Estate
Listed by Jordan Fezler• City and State Real Estate
Great Investment Opportunity!! Newer Four-Plex in great shape & move-in ready! Very well cared for building & Neighborhood. Perfect for owner occupant or Investor. Each unit has an attached one car garage! Close to shopping & public transportation. All repairs done - Completely rehabbed!
RMLS #12270780
Jan 17, 2013
Sold
$372,000
$100/sq ft
Dec 7, 2012
Pending
—
Nov 30, 2012
Listed
$345,000
$92/sq ft
+5
AWESOME INVESTMENT OPPORTUNITY! NEWER FOUR-PLEX IN GREAT SHAPE READY TO GO. VERY WELL CARED FOR BUILDING. PERFECT FOR OWNER OCCUPANT OR INVESTOR. EACH UNIT HAS AN ATTACHED ONE CAR GARAGE. CLOSE TO SHOPPING AND PUBLIC TRANSPORTATION. SOLID INVESTMENT AT THIS PRICE.
Public Records
May 12, 2004
Sold
$399,947
$107/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,846 (+3.7%)
2024
$10,456 (+4.0%)
2023
$10,054 (+2.2%)
2022
$9,836 (+1.7%)
2021
$9,670 (+9.0%)
2020
$8,871 (+3.8%)
2019
$8,545 (+3.0%)
2018
$8,293 (+4.3%)
2017
$7,949 (+9.3%)
2016
$7,274 (+2.7%)
2015
$7,083 (+1.5%)
2014
$6,976 (+14.5%)
2013
$6,093 (+28.2%)
2012
$4,752 (+5.2%)
2011
$4,519 (−15.2%)
2010
$5,332 (−2.7%)
2009
$5,481
Tax history for 8430 NE Knott St
Year
Property tax
Land + Additions
Assessment*
2025
$10,846 (+3.7%)
2024
$10,456 (+4.0%)
2023
$10,054 (+2.2%)
2022
$9,836 (+1.7%)
2021
$9,670 (+9.0%)
2020
$8,871 (+3.8%)
2019
$8,545 (+3.0%)
2018
$8,293 (+4.3%)
2017
$7,949 (+9.3%)
2016
$7,274 (+2.7%)
2015
$7,083 (+1.5%)
2014
$6,976 (+14.5%)
2013
$6,093 (+28.2%)
2012
$4,752 (+5.2%)
2011
$4,519 (−15.2%)
2010
$5,332 (−2.7%)
2009
$5,481
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
5.5
Stories
2
Lot width
—
Lot depth
—
Lot size
5,400 Sq. Ft.
Year renovated
2000
Sq. Ft.
3,732
Year built
2000
Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R211208
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 5, 2026.
RM2
H
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.