8220-8236 N Edison St 9 Unit Apartment Building $1,722,825 ($191,425/Unit) 6% Cap Rate Portland, OR 97203

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-site parking, 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 friendly setting that continues to attract a diverse renter base.
For investors, this offers a stable multifamily investment in a supply constrained submarket with strong fundamentals. St. Johns continues to experience steady population growth and increasing demand for well located rental housing. The property’s manageable scale, 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.