Fourplex with Private
For Sale
$1,095,000
8320 N PRINCETON St, Portland, OR 97203
MULTI_FAMILY - Portland, OR
Property Size4,324 SF
Lot Size0.12 Acres
Price / SF$253.24
Days on Market136
Property Features for 8320 N PRINCETON St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM2
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 8, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Elementary school
James John
Middle school
George
High school
Roosevelt
Directions
Between N Leavitt Ave & N Charleston Ave
Subdivision
_141
Standard status
Active
APN
R658489
Size
4,324 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
JAMES JOHNS 2ND ADD, BLOCK 23, LOT 7
Tax Annual Amount
16454
Legal Description
JAMES JOHNS 2ND ADD, BLOCK 23, LOT 7
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Amenities
covered lockable trash and recycling storage area
secure private entryway for upper-level units
alarm monitoring system
outdoor bike rack
Building Details
Year built
2014
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
24/7 Properties
(503) 482-0500
Listed By:
Jeff Edmondson
(503) 780-3030
Added: Mar 20
Changed: Aug 2
Last Checked: Aug 2 at 2:06PM
MLS# 607818350
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2014, this fourplex offers four occupied units with a consistent 2-bedroom, 1-bathroom layout. Each unit has its own private entrance and features laminate hardwood-style flooring, maple cabinetry, stainless steel appliances, and in-unit washer and dryer. Comfort is supported by PTAC heating and cooling systems, with a living room ceiling fan included.
Additional resident-focused amenities include covered, lockable trash and recycling storage, an installed alarm monitoring system, and an outdoor bike rack for tenant use. The roof is composition. Heating is forced air, and cooling is provided via wall units. The two upper-level units share a secure private entryway.
Set on a 0.12-acre lot in RM2 zoning, the property is located in Portland’s Cathedral Park neighborhood, just minutes from St. Johns Bridge and the waterfront. Downtown Portland, shopping, parks, and public transportation are also nearby. One unit can be shown by appointment; other units are shown after an accepted offer.
Additional resident-focused amenities include covered, lockable trash and recycling storage, an installed alarm monitoring system, and an outdoor bike rack for tenant use. The roof is composition. Heating is forced air, and cooling is provided via wall units. The two upper-level units share a secure private entryway.
Set on a 0.12-acre lot in RM2 zoning, the property is located in Portland’s Cathedral Park neighborhood, just minutes from St. Johns Bridge and the waterfront. Downtown Portland, shopping, parks, and public transportation are also nearby. One unit can be shown by appointment; other units are shown after an accepted offer.
Key Highlights
- All four units currently occupied
- 2014 construction with four‑unit, 2 bed/1 bath layouts
- Each unit has its own private entrance
Financial Insights For Multifamily LT 5
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 | $90.8k | $21.00 |
| − Vacancy | −$4.7k | −$1.09 |
| EGI | $86.1k | $19.91 |
| − OpEx | −$25.8k | −$5.97 |
| NOI | $60.3k | $13.94 |
4,324 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$860.8K
$753.2K – $1.00M
NOI $60,258 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$793.1K
$694.0K – $925.3K
NOI $55,520 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,000 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
484
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - 2014 fourplex with all four units occupied, each with private entrance and 2 bed/1 bath layout.
Where is this quadplex located?
The property is located at 8320 N PRINCETON St Portland, OR.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: All four units currently occupied; 2014 construction with four‑unit, 2 bed/1 bath layouts; Each unit has its own private entrance
