St. Johns 9-Unit Multifamily
8220 North Edison Street Portland, OR 97203
For Sale
$1,725,000
Nine-unit multifamily property with on-site parking, bike storage, and shared laundry facilities.
Property Size7,500 SF
Price / SF$230
Days on Market131
Property Features for 8220 North Edison Street
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing Agency:
Apex Residential
(503) 313-8149
Listed By:
Jordan Fezler · License #201225534
(503) 313-8149
Source:
Compass
Added: Mar 15
Changed: Jul 22
Last Checked: Jul 23 at 11:29AM
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 Residential
Investment Insights
Based on property information with market context.
8220-8236 N Edison Street is a 9-unit multifamily asset offered for sale. The property includes on-site parking, bike storage, and shared laundry facilities for residents.
The building is located in St. Johns, with walkable access to the St. Johns commercial district and nearby neighborhood amenities. Cathedral Park, the Willamette River waterfront, and multiple transit options are also nearby.
With a manageable 9-unit size, the property provides a straightforward multifamily configuration in a walkable, character-rich area of North Portland.
The building is located in St. Johns, with walkable access to the St. Johns commercial district and nearby neighborhood amenities. Cathedral Park, the Willamette River waterfront, and multiple transit options are also nearby.
With a manageable 9-unit size, the property provides a straightforward multifamily configuration in a walkable, character-rich area of North Portland.
Key Highlights
- 9‑unit multifamily building with 3 stories, built in 1965
- Concrete perimeter and slab foundation
- Exterior includes cement siding and shingle roof
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 | $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
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.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Nine-unit multifamily property with on-site parking, bike storage, and shared laundry facilities.
Where is this apartment building located?
The property is located at 8220 North Edison Street 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: 9‑unit multifamily building with 3 stories, built in 1965; Concrete perimeter and slab foundation; Exterior includes cement siding and shingle roof
