Shawn Realty 503-515-4499
8045 N PRINCETON ST, Portland, OR 97203
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- Year Built
- 1970
- County
- Multnomah
- Annual Tax
- $13,865 (2025)
- Days on Market
- 67 days
- Open House
- None scheduled
Monthly payment
$12,428 per month
- Principal & interest$10,898
- Property taxes$1,155
- HOA dues$0
- Home insurance$375
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($180,000) on $1,800,000; loan $1,620,000
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $1,155/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA fee listed in RMLS)
- Home insurance: $375/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Princeton Court is a 10-unit apartment community at 8045 N Princeton St, two blocks off the St. Johns town center. Every unit is the same 810 SF two-bedroom, one-bath floor plan with in-unit laundry and dishwasher, and the property is 100% occupied on a mix of fixed-term and month-to-month leases. Tenants reimburse water, sewer, and trash, and the building carries an unusually low-maintenance shell: a Duro-Last flat roof with lifetime warranty, on-demand gas hot water, solar thermal panels, insulation, and energy-efficient windows.The trailing twelve months produced $133,936 of NOI, a 7.44% cap rate on the asking price with zero vacancy. The upside is already proven in-house: one unit rents at $1,858 while four sit between $1,449 and $1,500, so a buyer reaches the $1,850 market rent, 16.8% above the current average, through ordinary turnover rather than renovation risk. A non-revenue basement studio offers additional future income.
Facts & Features
| Property Type | Multi Family |
|---|---|
| Lot Size (acres) | 0.25 |
| Lot Size (sq ft) | 10890 |
| Year Built | 1970 |
| County | Multnomah |
| Elementary School | James John |
| Middle School | George |
| High School | Roosevelt |
| Heating | Baseboard |
| Basement | Crawl Space |
| Roof | Flat |
| View | No |
| Lot Features | Level |
| Parking | Assigned, Off Site |
| Sewer | Public Sewer |
| Water | Public Water |
| Community Features | Laundry |
| Annual Taxes | $13,865 |
| Tax Year | 2025 |
| Original List Price | $1,800,000 |
| RMLS # | 363113754 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Benjamin Ficker • Rarebird Real Estate
Listing updated: Sep 10, 2026 at 2:51pm
Source: RMLS #363113754
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty