8320 N PRINCETON STPortland, OR 97203
Multi-Family · 4,324 Sq. ft. | 0.12 Acres8320 N PRINCETON ST Overview
- Time on Site:
- 101 days
- Visits:
- 2
Exceptional Turnkey Investment in Portland's Desirable Cathedral Park Neighborhood - Discover an outstanding opportunity with this well-maintained fourplex, built in 2014 and ideally situated in one of Portland's most sought-after rental markets. Located in the Cathedral Park neighborhood'just minutes from the iconic St. Johns Bridge and the scenic waterfront'this property combines strong rental demand with long-term growth potential. All four units are currently occupied, providing immediate cash flow. Each spacious, thoughtfully designed apartment features 2 bedrooms and 1 bathroom, its own private entrance, and abundant natural light. Interiors include laminate hardwood-style flooring, maple cabinetry, stainless steel appliances, in-unit washer and dryer, living room ceiling fan, and efficient PTAC heating and cooling systems. The property also offers practical amenities that enhance tenant satisfaction, including a covered, lockable trash and recycling storage area, a secure private entryway for the two upper-level units, an installed alarm monitoring system and an outdoor bike rack for tenant use. Situated just minutes from Downtown Portland and close to shopping, parks, amenities, and public transportation, this fourplex represents an ideal turnkey investment for both seasoned and first-time multifamily investors. Property is professionally managed by a quality local property management company. One unit can be shown by appointment other units would be shown after an accepted offer.
8320 N PRINCETON ST Facts & Features
- Type Multi-Family
- Sq. ft. 4,324
- Price/Sq.ft. $253
- Lot 0.12 Acres
Details
General
School Information
- Elementary School: James John
- Middle Or Junior School: George
- High School: Roosevelt
Income/Expenses
- Gross Income: 93180.0
- Net Operating Income: 70126.0
- Operating Expense: 29554.0
Building Information
- Year Built: 2014
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 141 - Portland North
Rent/Lease Information
- Rent Includes: Electricity,Heat,Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 16454.42
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash,Conventional
- Parcel Number: R658489
- Property Condition: Approximately
- Property Type: Multi Family
- Zoning: RM2
Interior
Parking Information
- Garage Spaces: 0
Building Interior
- Building Area Total: 4324.0
General Information
- Basement: Crawl Space
- Cooling: Wall Unit(s)
- Foundation Details: Concrete Perimeter
- Heating: Forced Air
- Stories: 2
Exterior
Parking Information
- Parking Features: On Street
- Parking Total: 0
Lot Information
- Lot Features: Level,Public Road
- Lot Size Acres: 0.12
- Lot Size Square Feet: 5227.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 4
- Sewer: Public Sewer
8320 N PRINCETON ST Neighborhood
Community
97203 (PORTLAND) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8320 N PRINCETON ST Monthly Cost
8320 N PRINCETON ST Market Data
Based on the last 30 days in this zip code
8320 N PRINCETON ST History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: Regional MLS | $1,095,000 -8.7% |
|
| 3/20/2026Source: Regional MLS | March 20, 2026 |
