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Additional details
Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 4,123,900
Est. payment /mo
Active
8328 N Bank ST Portland, OR 97203
9,597 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,597 sqft
Price per Sqft $429
Subdivision St Johns
MLS Listing ID 390824442
Year Built 2025
Tax Year 2025
Lot Size 0.260 Acres
Property Description
Located in Portland's highly desirable St. Johns neighborhood, this offering represents a rare new-construction cottage cluster consisting of 11 detached homes on N Bank St. The detached configuration and fee-simple ownership structure provide long-term operational flexibility, simplified management, and strong resale optionality—either as a portfolio hold or future individual dispositions, subject to buyer strategy and local regulations. Purpose-built for efficiency and durability, each residence features energy-efficient mini-split systems for year-round heating and cooling, supporting lower operating costs and broad tenant appeal. The project was delivered by a multi-year Street of Dreams builder and Builder of the Year award winner, offering confidence in construction quality, design execution, and long-term performance. The cohesive site layout balances privacy and density, enhancing tenant satisfaction while maintaining an approachable neighborhood scale. The St. Johns location continues to demonstrate strong rental demand driven by proximity to major employers, recreation, and everyday amenities. Residents enjoy quick access to Cathedral City Park, St. Johns Park, Pier Park, and the St. Johns Bridge, along with nearby dining, coffee, and breweries including Two Stroke Coffee, Affogato, John Street Cafe, Leisure Public House, StormBreaker Brewing, Wonderwood Springs, and The Fixin' To. This amenity-rich environment supports rent stability, reduced vacancy, and long-term appreciation. Overall, this asset delivers a compelling combination of detached new construction, efficient mechanical systems, walkable neighborhood amenities, and flexible ownership structure, making it well-suited for investors seeking durable cash flow, low near-term capital needs, and strong exit optionality in one of North Portland's most established submarkets.
Location
State OR
County Multnomah
Area _141
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition,Metal
Garage No
Building
Lot Description Level
Story 2
Foundation Slab, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Sitton
Middle Schools George
High Schools Roosevelt
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
Virtual Tour https://www.youtube.com/watch?v=BnpuOYTckuQ
Amenities & Attractions