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 Market11
Property Features for 8045 N Princeton St
General Information
Standard status
Active
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$133,936
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
(503) 270-5700
Source:
Vieweugenerealestate
Added: Sep 8
Changed: Sep 13
Last Checked: Sep 16 at 9:28PM
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
Investment Insights
Based on property information with market context.
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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Current Use
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
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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
