St. Johns Multifamily
8220-8236 N Edison St, Portland, OR 97203
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9-unit multifamily property in a walkable North Portland neighborhood.
Type:Multifamily
Property size:
7,500 SFPrice / SF:
$230/SF- Added:
- Mar 20, 2026
- Days on Market:
- 63
- Last Refresh:
- Mar 21 at 8:41 pm
Property Features for 8220-8236 N Edison St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Nathan Oakley License #OR
Listing office Apex Real Estate Partners (503) 313-8149
Listing date Mar 20, 2026
Source Crexi
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
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.
- Walkable access to coffee shops, restaurants, parks, and retail in the St. Johns commercial district.
- On‑site parking, bike storage, and shared laundry facilities.
- Proximity to Cathedral Park, the Willamette River waterfront, and multiple transit options.
Overview
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.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.07M
NOI $96,300 @ 9.00% cap · cautious / downside scenario
Moderate
$1.38M
NOI $96,300 @ 7.00% cap · market / base-case scenario
Aggressive
$1.93M
NOI $96,300 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.5k | $24.60 |
| − Vacancy | −$9.4k | −$1.25 |
| EGI | $175.1k | $23.35 |
| − OpEx | −$78.8k | −$10.51 |
| NOI | $96.3k | $12.84 |
7,500 SF · lease $24.60/SF/yr · vacancy 5.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,300 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,433 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.7539459
- Latitude
- 45.5857693
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FAQs
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 $1,725,000.
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.
