8130 N Willamette Blvd - Apartments FOR SALE


Portland, OR 97203- Cathedral Park
$1,720,000 USD
503-351-0146
8130 N Willamette Blvd, Portland, OR for Sale
$1,720,000 USD
Apartments - FOR SALE
1/5
null | 5.59% Cap Rate

8130 N Willamette Blvd
Portland, OR 97203
Cathedral Park


HIGHLIGHTS

  • STABILIZED VINTAGE ASSET: Well-Maintained 1968 Apartment Community Featuring 10 Two-Bedroom Units
  • PRIME ST. JOHNS LOCATION: Blocks from the Iconic St Johns Bridge and Downtown St Johns, Providing Tenants with Convenient, Walkable Access to Retail,
  • STRONG TENANT APPEAL: On-Site Laundry, Off-Street Parking, Two Garage Spaces, and Walkability Enhance Tenant Satisfaction and Long-Term Retention
  • VALUE-ADD POTENTIAL: Approximately 15% Rent Upside and Room for Further Strategic Upgrades
  • RECENT IMPROVEMENTS: New Roof In 2026 and New Siding replacement in 2012 Lead to Higher Curb Appeal and Long-Term Durability

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of 8130 N Willamette Blvd, a stabilized 10-unit apartment community located in Portland's desirable St.? Johns neighborhood.? Originally built in 1968, the property features an all two-bedroom unit mix, a highly sought-after configuration that supports broad tenant appeal and long-term rental demand.? Recent capital improvements include a new roof in 2026 and siding replacement completed circa 2012, reducing near-term capital exposure while preserving a well-maintained vintage aesthetic.? The property's two-story design with individual exterior entries enhances privacy and livability.? Shared amenities include on-site laundry, bike and motorcycle storage, and off-street parking, including two garage spaces.? Several units have undergone interior renovations featuring LVP flooring, updated IKEA cabinetry and appliances, refreshed bathrooms, and open-concept layouts with abundant natural light.? Select units also offer private outdoor space, further supporting resident satisfaction and retention.? Located just blocks from downtown St.? Johns and the St.? Johns Bridge, the asset benefits from strong walkability to neighborhood retail, dining, coffee shops, parks, and essential services.? St.? Johns remains one of the most supply-constrained and consistently performing submarkets in North Portland, supporting durable occupancy and rent growth.? In-place operations provide a stable cash-flowing foundation, while an estimated 15% rent growth opportunity and additional upside through continued unit upgrades offer a clear value-add pathway.? With its desirable unit mix, completed exterior improvements, and irreplaceable location, 8130 N Willamette Blvd presents investors with a balanced opportunity for immediate income stability and meaningful long-term upside.?

FOR SALE DETAILS

PRICE

$1,720,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

10

PRICE/UNIT

$172,000

CAP RATE

5.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Willamette Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

N/Av

APN/PARCEL ID

R324161

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

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Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.