# 8045 N PRINCETON St, Portland, OR 97203

> **TL;DR:** 4bd/2ba residential multi family, $1,800,000, built 1970. Est. $9,627/mo. Listed 57 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,800,000 |
| Bedrooms | 4 |
| Bathrooms | 2 full |
| Year Built | 1970 |
| Lot Size | 10,890 sqft (0.25 acres) |
| Stories | 2 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 57 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $9,102 |
| Estimated Insurance | $525 |
| **Total** | **$9,627** |

## Nearby Schools

- **Elementary:** James John
- **Middle:** George
- **High:** Roosevelt

## Property Highlights

- Built in 1970
- 0.25 acre lot
- 2 stories

## Description

### Agent 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.

## Location

- **Address:** 8045 N PRINCETON St, Portland, OR 97203
- **County:** Multnomah
- **Coordinates:** 45.586946, -122.751161
- **Google Maps:** https://www.google.com/maps?q=45.586946,-122.751161

## Listing Agent

- **Name:** Benjamin Ficker
- **Brokerage:** RareBird Real Estate
- **Broker Phone:** (503) 545-4177
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/8045-N-Princeton-St_Portland_OR_97203_M28636-29038?f=listhub&s=RMLSOR&m=363113754&c=propsimple)

## Photos

![8045 N PRINCETON St - Photo 1](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f315329478r.jpg)

![8045 N PRINCETON St - Photo 2](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2049775086r.jpg)

![8045 N PRINCETON St - Photo 3](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2363442068r.jpg)

![8045 N PRINCETON St - Photo 4](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2323067505r.jpg)

![8045 N PRINCETON St - Photo 5](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3683591414r.jpg)

![8045 N PRINCETON St - Photo 6](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3706760567r.jpg)

![8045 N PRINCETON St - Photo 7](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3199242608r.jpg)

![8045 N PRINCETON St - Photo 8](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f4105949355r.jpg)

![8045 N PRINCETON St - Photo 9](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3461377237r.jpg)

![8045 N PRINCETON St - Photo 10](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f535630587r.jpg)

![8045 N PRINCETON St - Photo 11](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3644619143r.jpg)

![8045 N PRINCETON St - Photo 12](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1494138309r.jpg)

![8045 N PRINCETON St - Photo 13](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f823930935r.jpg)

![8045 N PRINCETON St - Photo 14](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f4200601639r.jpg)

![8045 N PRINCETON St - Photo 15](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f711478045r.jpg)

![8045 N PRINCETON St - Photo 16](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f42100878r.jpg)

![8045 N PRINCETON St - Photo 17](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1985200311r.jpg)

![8045 N PRINCETON St - Photo 18](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3657802591r.jpg)

![8045 N PRINCETON St - Photo 19](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f819331732r.jpg)

![8045 N PRINCETON St - Photo 20](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f4001832623r.jpg)

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![8045 N PRINCETON St - Photo 22](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1211155660r.jpg)

![8045 N PRINCETON St - Photo 23](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f47062792r.jpg)

![8045 N PRINCETON St - Photo 24](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f186918922r.jpg)

![8045 N PRINCETON St - Photo 25](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2063527469r.jpg)

![8045 N PRINCETON St - Photo 26](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2858385613r.jpg)

![8045 N PRINCETON St - Photo 27](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1525128262r.jpg)

![8045 N PRINCETON St - Photo 28](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f896729677r.jpg)

![8045 N PRINCETON St - Photo 29](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3870100691r.jpg)

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![8045 N PRINCETON St - Photo 31](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3841460865r.jpg)

![8045 N PRINCETON St - Photo 32](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1829175557r.jpg)

![8045 N PRINCETON St - Photo 33](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2656073805r.jpg)

![8045 N PRINCETON St - Photo 34](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f227652297r.jpg)

![8045 N PRINCETON St - Photo 35](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f848110171r.jpg)

![8045 N PRINCETON St - Photo 36](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1109549938r.jpg)

![8045 N PRINCETON St - Photo 37](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f4041757343r.jpg)

![8045 N PRINCETON St - Photo 38](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2301614450r.jpg)

![8045 N PRINCETON St - Photo 39](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f4196042528r.jpg)

![8045 N PRINCETON St - Photo 40](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f163729541r.jpg)

![8045 N PRINCETON St - Photo 41](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3321387700r.jpg)

![8045 N PRINCETON St - Photo 42](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f3887604363r.jpg)

![8045 N PRINCETON St - Photo 43](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2987597280r.jpg)

![8045 N PRINCETON St - Photo 44](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f2904391987r.jpg)

![8045 N PRINCETON St - Photo 45](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f461359899r.jpg)

![8045 N PRINCETON St - Photo 46](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f562628183r.jpg)

![8045 N PRINCETON St - Photo 47](http://lh.rdcpix.com/03822560a9e8c7f629c90690420abf89l-f1462989895r.jpg)

---

**MLS#:** 363113754 | **Updated:** 2026-10-27
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/8045-n-princeton-st-portland-or-97203-d4fd2d020ba0409dbab9b9b658282c3f)

---

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