8320 N Princeton St - Apartments FOR SALE


Portland, OR 97203- Cathedral Park
$1,200,000 USD
503-482-0500
8320 N Princeton St, Portland, OR for Sale
$1,200,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

8320 N Princeton St
Portland, OR 97203
Cathedral Park


OVERVIEW

Exceptional Turnkey Investment in Portland’s Desirable Cathedral Park Neighborhood - Discover an outstanding opportunity with this well-maintained fourplex, built in 2014 and ideally situated in one of Portland’s most sought-after rental markets. Located in the Cathedral Park neighborhood—just minutes from the iconic St. Johns Bridge and the scenic waterfront—this property combines strong rental demand with long-term growth potential. All four units are currently occupied, providing immediate cash flow. Each spacious, thoughtfully designed apartment features 2 bedrooms and 1 bathroom, its own private entrance, and abundant natural light. Interiors include laminate hardwood-style flooring, maple cabinetry, stainless steel appliances, in-unit washer and dryer, living room ceiling fan, and efficient PTAC heating and cooling systems. The property also offers practical amenities that enhance tenant satisfaction, including a covered, lockable trash and recycling storage area, a secure private entryway for the two upper-level units, an installed alarm monitoring system and an outdoor bike rack for tenant use. Situated just minutes from Downtown Portland and close to shopping, parks, amenities, and public transportation, this fourplex represents an ideal turnkey investment for both seasoned and first-time multifamily investors.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R1

APN/PARCEL ID

R658489

ASK ABOUT THIS PROPERTY

Jeff Edmondson24/7 PropertiesMore Info
503-482-0500

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Jeff Edmondson24/7 PropertiesMore Info
503-482-0500

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