8220-8236 N Edison Street is an attractive opportunity to acquire a well-located 9-unit multifamily asset in one of North Portland’s most walkable and character rich neighborhoods. Positioned in the heart of St. Johns, the property benefits from strong rental demand driven by the area’s neighborhood amenities and iconic views of… Read More the St.Johns Bridge.The property offers a desirable living environment with on-siteparking, bike storage, and shared laundry facilities in one of Portland’s most distinctive neighborhoods. Located just minutes from the St. Johns commercial district, tenants enjoy walkable access to local coffee shops, restaurants, parks, and everyday retail amenities. Cathedral Park, the Willamette River waterfront, and multiple transit options are all nearby, creating a highly livable, pedestrian friendlysetting that continues to attract a diverse renter base.For investors, this offers a stable multifamily investment in asupply constrained submarket with strong fundamentals. St. Johnscontinues to experience steady population growth and increasingdemand for well located rental housing. The property’s manageablescale, attractive neighborhood setting, and classic Portland character create an appealing opportunity for both seasoned investors and those seeking to enter the Portland multifamily market.8220 N Edison offers a combination of location, livability, and long term upside within one of Portland’s most distinctive neighborhoods. Read Less
Listing courtesy of Apex Residential.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
7,500
Lot Size
0.23 Acres
Year Built
1965
MLS Number
177048273
30 Days Snapshot Of 97203
$483k
+1%
(avg) sold price
31
+10%
homes sold
67
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 7500, Built in 1965, Storage: Deck, Stories: 3, Unit Type Type: UnitTypeType1
Community
Community Features: FrontYardLandscaping, Laundry
Cooling
Cooling: MiniSplit
Expenses
Operating Expense: $57,841
Exterior Features
Exterior Description: CementSiding
Foundation
Foundation Details: ConcretePerimeter, Slab
Heating
Heating: MiniSplit
Income
CAP Rate: 5.99, Gross Income: $164,592, Gross Rent Multiplier: 10.48, Net Operating Income: $103,370
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.