St. Johns Multifamily
For Sale
Contact for pricing
8220-8236 N Edison St, Portland, OR 97203
9-unit multifamily property in a walkable North Portland neighborhood.
Property Size7,500 SF
Price / SF$220
Days on Market201
Property Features for 8220-8236 N Edison St
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
9
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$103,370
Building Details
Year Built
1965
Buildings
2
Stories
5
Units
9
Listing Agency:
Apex Real Estate Partners
Listed By:
Nathan Oakley · License #OR
(503) 595-2827
Source:
Crexi
Added: Mar 20
Changed: Sep 24
Last Checked: Oct 5 at 6:53PM
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 Apex Real Estate Partners
Investment Insights
Based on property information with market context.
The property at 8220-8236 N Edison Street presents an opportunity to acquire a 9-unit multifamily asset situated in the St. Johns neighborhood of North Portland. The location benefits from rental demand due to neighborhood amenities and views of the St. Johns Bridge. The property provides a living environment with on-site parking, bike storage, and shared laundry facilities. Located near the St. Johns commercial district, tenants have access to coffee shops, restaurants, parks, and retail amenities. Cathedral Park, the Willamette River waterfront, and transit options are nearby, creating a pedestrian-friendly setting. The property offers a multifamily investment in a supply-constrained submarket. St. Johns is experiencing population growth and demand for rental housing. The property's scale and neighborhood setting create an opportunity for investors seeking to enter the Portland multifamily market. The property offers a combination of location, livability, and long-term upside within one of Portland’s neighborhoods. The property size is 7500 square feet.
Key Highlights
- Prime location in the heart of St. Johns, a walkable and character‑rich North Portland neighborhood.
- Strong rental demand due to neighborhood amenities and iconic views of the St. Johns Bridge.
- Stable multifamily investment in a supply‑constrained submarket with strong fundamentals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,300
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,926,000
$1.9M
Cap Rate 7%
$1,375,714
$1.4M
Cap Rate 9%
$1,070,000
$1.1M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$184.5K $24.60/SF
− Vacancy
−$9.4K −$1.25/SF
EGI
$175.1K $23.35/SF
− OpEx
−$78.8K −$10.51/SF
NOI
$96.3K $12.84/SF
Area
Portland, OR
Vacancy
5.10%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,926,000
Cap Rate 7%
$1,375,714
Cap Rate 9%
$1,070,000
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,300 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,433 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
933
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
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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 - 9-unit multifamily property in a walkable North Portland neighborhood.
Where is this apartment building located?
The property is located at 8220-8236 N Edison St Portland, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime location in the heart of St. Johns, a walkable and character‑rich North Portland neighborhood.; Strong rental demand due to neighborhood amenities and iconic views of the St. Johns Bridge.; Stable multifamily investment in a supply‑constrained submarket with strong fundamentals.
