8330 N Bank St - Apartments FOR SALE


Portland, OR 97203- St Johns
$4,123,900 USD
503-709-4632
8330 N Bank St, Portland, OR for Sale
$4,123,900 USD
Apartments - FOR SALE
1/17
null | 5.82% Cap Rate

8330 N Bank St
Portland, OR 97203
St Johns


HIGHLIGHTS

  • 11 detached homes as part of a cottage cluster
  • Designed & developed by a 2025 Builder of the Year award winner and respected multi-year Street of Dreams builder
  • 3 street facing homes, 8 homes behind security gate
  • Low maintenance landscaping for simplified overhead

OVERVIEW

Located in Portland’s highly desirable St. Johns neighborhood, this offering represents a rare new-construction cottage cluster consisting of 11 detached homes on N Bank St. The detached configuration and fee-simple ownership structure provide long-term operational flexibility, simplified management, and strong resale optionality—either as a portfolio hold or future individual dispositions, subject to buyer strategy and local regulations. Purpose-built for efficiency and durability, each residence features energy-efficient mini-split systems for year-round heating and cooling, supporting lower operating costs and broad tenant appeal. The project was delivered by a multi-year Street of Dreams builder and Builder of the Year award winner, offering confidence in construction quality, design execution, and long-term performance. The cohesive site layout balances privacy and density, enhancing tenant satisfaction while maintaining an approachable neighborhood scale. The St. Johns location continues to demonstrate strong rental demand driven by proximity to major employers, recreation, and everyday amenities. Residents enjoy quick access to Cathedral City Park, St. Johns Park, Pier Park, and the St. Johns Bridge, along with nearby dining, coffee, and breweries including Two Stroke Coffee, Affogato, John Street Cafe, Leisure Public House, StormBreaker Brewing, Wonderwood Springs, and The Fixin’ To. This amenity-rich environment supports rent stability, reduced vacancy, and long-term appreciation. Overall, this asset delivers a compelling combination of detached new construction, efficient mechanical systems, walkable neighborhood amenities, and flexible ownership structure, making it well-suited for investors seeking durable cash flow, low near-term capital needs, and strong exit optionality in one of North Portland’s most established submarkets.

FOR SALE DETAILS

PRICE

$4,123,900 USD

PRICE/SF

$430 USD /SF

# OF UNITS

11

PRICE/UNIT

$374,900

CAP RATE

5.82%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Home Detached Cottage Cluster| 2 Bd/2.5 Ba

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

R5

APN/PARCEL ID

R229020

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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