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St. Johns Multifamily Investment

8220-8236 N Edison St, Portland, OR 97203

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For Sale

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9-unit multifamily property in a walkable North Portland neighborhood.

Type:Multifamily

Property size:

7,500 SF

Price / SF:

$230/SF

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.

We can help!

Contact an agent

Nathan Oakley

Learn more

For Sale

Contact for pricing

9-unit multifamily property in a walkable North Portland neighborhood.

Type:Multifamily

Property size:

7,500 SF

Price / SF:

$230/SF

Added:: Mar 20, 2026
Days on Market:: 109
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

We can help!

Contact an agent

Nathan Oakley

Listing office Apex Real Estate Partners

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 Uses

Best Use

Apartment 5plus

$1.38M

$1.20M – $1.61M (±1% cap)

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 (±1% cap)

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

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.7539459
Latitude: 45.5857693

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For sale
Apartment buildings
OR
Portland
97203
8220-8236 N Edison St

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.