Stabilized 10-Unit Apartment
8130 N Willamette Blvd Portland, OR 97203
For Sale
Contact for pricing
Stabilized 10-unit apartment building with an all–two-bedroom unit mix, off-street parking, and on-site laundry.
Property Size7,050 SF
Price / SF$243.97
Days on Market87
Property Features for 8130 N Willamette Blvd
General Information
- Standard status
- Active
- Size
- 7,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing Agency:
Marcus & Millichap - Portland
(503) 200-2000
Listed By:
Whitney Rhoades · License #201204200
Source:
Crexi
Added: Apr 28
Changed: Jul 22
Last Checked: Jul 22 at 3:06AM
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 Marcus & Millichap - Portland
Investment Insights
Based on property information with market context.
Built in 1968, this stabilized 10-unit apartment community features an all two-bedroom unit mix in a two-story layout with individual exterior entries. Shared amenities include on-site laundry, bike and motorcycle storage, and off-street parking, including two garage spaces. Recent exterior capital improvements include a new roof installed in 2026 and siding replacement completed circa 2012.
Several units have undergone interior renovations, including LVP flooring, updated IKEA cabinetry and appliances, refreshed bathrooms, and open-concept layouts with abundant natural light. Select units also offer private outdoor space. The property is located just blocks from downtown St. Johns and the St. Johns Bridge, with walkability to neighborhood retail, dining, coffee shops, parks, and essential services.
Several units have undergone interior renovations, including LVP flooring, updated IKEA cabinetry and appliances, refreshed bathrooms, and open-concept layouts with abundant natural light. Select units also offer private outdoor space. The property is located just blocks from downtown St. Johns and the St. Johns Bridge, with walkability to neighborhood retail, dining, coffee shops, parks, and essential services.
Key Highlights
- Stabilized 10‑unit apartment community in Portland’s St. Johns neighborhood
- All two‑bedroom unit mix supports tenant demand and consistent leasing interest
- Built in 1968 with a two‑story layout and individual exterior entries
Financial Insights For Apartment 5plus
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 | $173.4k | $24.60 |
| − Vacancy | −$8.8k | −$1.25 |
| EGI | $164.6k | $23.35 |
| − OpEx | −$74.1k | −$10.51 |
| NOI | $90.5k | $12.84 |
7,050 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,522 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,587 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Stabilized 10-unit apartment building with an all–two-bedroom unit mix, off-street parking, and on-site laundry.
Where is this apartment building located?
The property is located at 8130 N Willamette Blvd Portland, OR.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Stabilized 10‑unit apartment community in Portland’s St. Johns neighborhood; All two‑bedroom unit mix supports tenant demand and consistent leasing interest; Built in 1968 with a two‑story layout and individual exterior entries
