10-Unit Apartment Building with In-Unit
For Sale
$1,800,000
8045 N Princeton St, Portland, OR 97203
Fully occupied apartment community with consistent two-bedroom layouts, in-unit laundry, dishwashers, and tenant utility reimbursements.
Property SizeContact for details
Days on Market105
Property Features for 8045 N Princeton St
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$133,936
Site & Location
Neighborhood
Cathedral Park
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Additional Details
Cap Rate
7.44%
Amenities
in-unit laundry
dishwasher
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Rarebird Real Estate
Listed By:
Benjamin Ficker · License #122440
(971) 273-5547
Source:
Vieweugenerealestate
Added: Jul 21
Changed: Nov 1
Last Checked: Nov 1 at 5:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rarebird Real Estate
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Investment Insights
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Built in 1970, this 10-unit apartment community offers a consistent 810-square-foot layout in every residence, with two bedrooms, one bathroom, in-unit laundry, and a dishwasher. Occupancy is 100% across a combination of fixed-term and month-to-month leases. Tenants reimburse water, sewer, and trash expenses.
Building improvements include a Duro-Last flat roof with a lifetime warranty, on-demand gas hot water, solar thermal panels, insulation, and energy-efficient windows. The property is located two blocks from the St. Johns town center. A basement studio is currently non-revenue and may provide an additional income source. The trailing twelve months reflect a 7.44% cap rate.
Building improvements include a Duro-Last flat roof with a lifetime warranty, on-demand gas hot water, solar thermal panels, insulation, and energy-efficient windows. The property is located two blocks from the St. Johns town center. A basement studio is currently non-revenue and may provide an additional income source. The trailing twelve months reflect a 7.44% cap rate.
Key Highlights
- 10‑unit apartment community with 100% occupancy
- All units feature an 810 SF two‑bedroom, one‑bath floor plan
- In‑unit laundry and dishwashers in every residence
Property Analytics
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Lease Details
10
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
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Business Placement
Demographics for 97203, OR
33,763
Population
13,462
Households
2.5
Avg Household Size
34
Median Age
45%
College-Educated
90%
High-School Grad
10.8 sq mi
ZIP Area
3,126
Density / Sq Mi
$77,619
Median Household Income
$46,152
Median Earnings
$1,551
Median Rent
$468,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment community with consistent two-bedroom layouts, in-unit laundry, dishwashers, and tenant utility reimbursements.
Where is this apartment building located?
The property is located at 8045 N Princeton St Portland, OR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10‑unit apartment community with 100% occupancy; All units feature an 810 SF two‑bedroom, one‑bath floor plan; In‑unit laundry and dishwashers in every residence
