Edison Park Apartments

8220 N Edison Street, Portland, Oregon 97203

$1,550,000

Status:
Available
County:
Multnomah
Units:
9
Year Built:
1965
Unit Price:
$172,222
Land Size:
0.23 Acres
Building Size:
6,600 sq. ft.
Price per SF:
$235
CAP Rate:
6.06 Projected%
Unit Mix:

Nine (9) units consisting of eight (8) spacious two-bedroom units and one (1) large one-bedroom unit.

Floors:
2
Open Parking:
Yes
View:
Some units
Laundry Room:
Yes - 4 machines
Siding:
Wood
Roof Type:
Pitched Comp
Heat Type:
Electric
Storage:
8 private storage units, basement bike parking
Patio Deck:
Landscaped communal patio
Property Photo

Edison Park Apartments are an extremely well-maintained multifamily asset in the iconic Cathedral Park neighborhood of St. Johns - a popular and quickly growing submarket of North Portland. Edison Park easily garners top-of-market rents and is an ideal cash flow opportunity for an investor looking to enter the Portland market. Recent improvements include newer roofs, vinyl windows, exterior paint, updated counter tops, vinyl wood flooring and 2" white shutter blinds.

9
Units
1965
Year Built
6,600
SQ. FT.

Property Location