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Apartment Building With Shared Laundry
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8120 NE Failing St, Portland, OR 97213

Fully leased multifamily property with shared laundry and month-to-month tenancies.

Property Size2,952 SF
Days on Market48

Property Features for 8120 NE Failing St

General Information

Standard status Active
Size 2,952 SF
Property subtype Multi-Family
Occupancy 98%

Additional Details

Multifamily Units 43

Building Details

Year Built 1958
Buildings 13
Listing Agency: Realty Marketing / Northwest
Listed By: John Rosenthal
Source: Rosecityrealtygroup
Added: Jul 17 Changed: Aug 28 Last Checked: Sep 1 at 9:29PM

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 Realty Marketing / Northwest

Investment Insights

Based on property information with market context.

This five-unit apartment property at 8120 NE Failing St includes 2952 SF of residential improvements constructed in 1958. The unit mix consists of one two-bedroom, one-bath residence and four one-bedroom, one-bath residences. A shared laundry room is located on site.

The building is fully leased, with all residents occupying month-to-month agreements. Approximately 80% of the tenancy has remained in place for two or more years. The landlord is responsible for water, sewer, trash, and landscaping. The property is in Portland, OR 97213, in the Northeast Portland area.

Key Highlights

  • Five‑unit apartment property with 2952 SF of improvements
  • Unit mix includes one two‑bedroom, one‑bath unit and four one‑bedroom, one‑bath units
  • Fully leased with all tenants on month‑to‑month leases

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Hair Salon Accounting Firm Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

43
Residential units
98%
Occupancy

Location Intelligence

Trade Area within ½ mile

679
Businesses Nearby

Demographics for 97213, OR

31,260
Population
14,971
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
7,815
Density / Sq Mi
$95,801
Median Household Income
$56,941
Median Earnings
$1,490
Median Rent
$609,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully leased multifamily property with shared laundry and month-to-month tenancies.
Where is this apartment building located?
The property is located at 8120 NE Failing St Portland, OR.
What are key features of this property?
This property features: Five‑unit apartment property with 2952 SF of improvements; Unit mix includes one two‑bedroom, one‑bath unit and four one‑bedroom, one‑bath units; Fully leased with all tenants on month‑to‑month leases
More about this property
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