10-Unit Apartment
For Sale
$1,800,000
8045 N PRINCETON St, Portland, OR 97203
MultiFamily, Portland, OR
Property SizeContact for details
Lot Size0.25 Acres
Days on Market11
Property Features for 8045 N PRINCETON St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2
Elementary school
James John
Middle school
George
High school
Roosevelt
Directions
N. Oswego Ave And Princetion St.
Subdivision
_141
Standard status
Active
APN
R100570
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
ADAMS ADD, BLOCK 4, LOT 1 TL 3800
Tax Annual Amount
13865
Legal Description
ADAMS ADD, BLOCK 4, LOT 1 TL 3800
Utilities
Heating system
Baseboard
Amenities
in-unit laundry
dishwasher
solar thermal panels
energy-efficient windows
Building Details
Year built
1970
Floors in Building
2
Number of units
10
Roof type
Flat
Listing Agency:
Rarebird Real Estate
(503) 451-0545
Listed By:
Benjamin Ficker · License #122440
(971) 273-5547
Added: Sep 7
Changed: Sep 14
Last Checked: Sep 17 at 8:06PM
MLS# 363113754
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.
Built in 1970, this 10-unit apartment property offers a consistent unit mix: each residence contains 810 SF with two bedrooms, one bathroom, in-unit laundry, and a dishwasher. The building is 100% occupied under a combination of fixed-term and month-to-month leases. Tenants reimburse water, sewer, and trash expenses. A basement studio adds additional space to the property.
The 0.25-acre site is located at 8045 N Princeton St in Portland, two blocks from the St. Johns town center. The property carries RM2 zoning and includes a flat Duro-Last roof with a lifetime warranty, on-demand gas hot water, solar thermal panels, insulation, energy-efficient windows, and baseboard heating. The trailing twelve months reflect a 7.44% cap rate, with zero vacancy during that period.
The 0.25-acre site is located at 8045 N Princeton St in Portland, two blocks from the St. Johns town center. The property carries RM2 zoning and includes a flat Duro-Last roof with a lifetime warranty, on-demand gas hot water, solar thermal panels, insulation, energy-efficient windows, and baseboard heating. The trailing twelve months reflect a 7.44% cap rate, with zero vacancy during that period.
Key Highlights
- 10 apartment units, each measuring 810 SF
- Uniform two‑bedroom, one‑bath unit layout
- 100% occupied with fixed‑term and month‑to‑month leases
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with consistent two-bedroom layouts, in-unit laundry, and dishwashers.
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 apartment units, each measuring 810 SF; Uniform two‑bedroom, one‑bath unit layout; 100% occupied with fixed‑term and month‑to‑month leases
