Listing provided courtesy of 24/7 Properties- MLS# 607818350MLS ProviderContact Information: [email protected]

8320 N PRINCETON STPortland, OR 97203

Multi-Family · 4,324 Sq. ft. | 0.12 Acres
$1,095,000 Active

8320 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.

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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

32
Median Age
3,309
Population Density (per sq. mile)
52%
College Educated
$67,229
Estimated Median Income
7,360
Estimated Total Home Owners
5,445
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8320 N PRINCETON ST Market Data

Based on the last 30 days in this zip code

$441,913
Average List Price
$309
Average Price per Square Foot
38
Properties Sold
92
Average Days on Market
137
Properties for Sale
Calculations provided by Reliance Network

8320 N PRINCETON ST History

Date Event Value Agent
4/21/2026Source: Regional MLS Price Reduction
$1,095,000 -8.7%
3/20/2026Source: Regional MLS Added to Database
March 20, 2026