Turnkey Investment in Cathedral
8320 N PRINCETON St Portland, OR 97203
8320 N PRINCETON St, Portland, OR, 97203
$1,095,000
For Sale
$1,095,000
MULTI_FAMILY - Portland, OR
Property Size4,324 SF
Lot Size0.12 Acres
Price / SF$253.24
Days on Market126
Property Features for 8320 N PRINCETON St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM2
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 5, Bedroom 8, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 6
- Standard status
- Active
- APN
- R658489
- Size
- 4,324 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- JAMES JOHNS 2ND ADD, BLOCK 23, LOT 7
- Tax Annual Amount
- 16454
Utilities
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 2014
- Floors in Building
- 2
- Number of units
- 4
- Roof type
- Composition
Listing agency
24/7 Properties
(503) 482-0500
Listed by
Jeff Edmondson
(503) 780-3030
Added: Mar 20 Updated: Jul 23 at 4:39AM Checked: Jul 23 at 9:06AM
MLS# 607818350
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained fourplex, constructed in 2014, is located in Portland's Cathedral Park neighborhood, near the St. Johns Bridge and the waterfront. The property features four units, each with 2 bedrooms and 1 bathroom, a private entrance, and natural light. Interiors include laminate hardwood-style flooring, maple cabinetry, stainless steel appliances, in-unit washer and dryer, a living room ceiling fan, and PTAC heating and cooling systems. The property provides 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. The property is professionally managed. The building's location provides access to shopping, parks, amenities, and public transportation. The lot size is 0.12 acres and the property size is 4324 square feet. The property is zoned RM2.
Key Highlights
- 2014‑built fourplex with all four units currently occupied
- Each unit features 2 bedrooms and 1 bathroom, plus its own private entrance
- In‑unit washer and dryer in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.8k | $21.00 |
| − Vacancy | −$4.7k | −$1.09 |
| EGI | $86.1k | $19.91 |
| − OpEx | −$25.8k | −$5.97 |
| NOI | $60.3k | $13.94 |
4,324 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.8K
$753.2K – $1.00M
NOI $60,258 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$793.1K
$694.0K – $925.3K
NOI $55,520 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,000 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained fourplex in Portland's desirable Cathedral Park neighborhood.
Where is this quadplex located?
The property is located at 8320 N PRINCETON St Portland, OR.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 2014‑built fourplex with all four units currently occupied; Each unit features 2 bedrooms and 1 bathroom, plus its own private entrance; In‑unit washer and dryer in each unit
