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Corbin & Vollstedt Group

contact@cvghome.com +1(541) 650-3556

Listed by 24/7 Properties • jeff@247prop.com

$1,200,000

Est. payment - /mo

4,324 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,324 sqft

Price per Sqft $277

MLS Listing ID 607818350

Year Built 2014

Annual Tax Amount $16,454

Tax Year 2025

Lot Size 5,227 Sqft

Property Description

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.

Location

State OR

County Multnomah

Area _141

Zoning RM2

Rooms

Basement Crawl Space

Interior

Heating Forced Air

Cooling Wall Unit

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools James John

Middle Schools George

High Schools Roosevelt

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Corbin & Vollstedt Group

+1(541) 650-3556

Owner/Admin | License ID: 200812045

Owner/Admin License ID: 200812045

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8320 N PRINCETON ST Portland, OR 97203

Corbin & Vollstedt Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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8320 N PRINCETON ST