8220 N Edison St, Portland, OR 97203

$1,650,000

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Property Description

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 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.

8220 N Edison St | MLS# 177048273

This multi-family property located at 8220 N Edison St, Portland, OR 97203 is currently listed for sale with an asking price of $1,650,000. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: MiniSplit
Fuel Type: Electricity, Gas
Heating: Mini Split
Roof Type: Shingle
Stories: 3.0
Taxes: $14,971
Year Built: 1965
Square Feet: 7,500

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: AirConditioning, Range, Refrigerator, WoodFloors
Rent: $1524.00
Square Footage: 750
Total Units: 9

Feature Descriptions

Days on Site: 78
Exterior: Cement Siding
Gross Income: $164592.00 (Actual)
Hot Water: Gas
Net Income: $103370.00 (Actual)
Operating Expenses: $57841.00 (Actual)
Parking: Assigned
Parking Notes: Assigned
Sewer: Public Sewer
Storage: Deck
Units: 9
Water: Public Water

Local Schools

High School: Roosevelt
Middle School: George
Elementary School: James John

Listed By / Shown By

Listed By

Agency Name: Apex Residential
Agency Phone: 503-595-2840

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 10,072.13 per month $8,343.30 Principal & Interest $1,247.58 Property Tax $481.25 Homeowner's Insurance

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