8328 N Bank ST, Portland, OR 97203
- $4,123,900
- 9,597
- SqFt
- List Price
- $4,123,900
- Price Change
- ▼ $20,000 1777601485
- Days on Market
- 203
- MLS#
- 390824442
- Property Type
- Multifamily
- Sqft. of Residence
- 9,597
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Portland North
- Status
- ACTIVE
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.
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Additional Information
- Year Built
- 2025
- High School
- Roosevelt
- Elementary School
- Sitton
- Middle School
- George
- Acres
- 0.26
- Living Area
- 9,597
- Stories
- 2
- Subdivision
- ST JOHNS
- Lot Size Dimension
- 101x147x50x51x121
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- Heat Pump, Mini Split
- Fuel Description
- Electricity
- Heating Description
- Mini Split
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Board & Batten Siding, Cedar, Cement Siding, Lap Siding
- Roof Type
- Composition, Metal
- Sewer Description
- Public Sewer
- View
- Trees/Woods
- Parking
- On Street
- Security Or Entry
- Sidewalk
- Parking Description
- On Street
- Road Surface
- Paved
- Number Of Units Total
- 11
- Unit Type One Baths Total
- 3
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 2350
- Unit Type One Sq Ft
- 850
- Unit Type One Units Total
- 2
- Unit Type Two Baths Total
- 3
- Unit Type Two Beds Total
- 2
- Unit Type Two Units Total
- 3
- Unit Type Three Baths Total
- 3
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 2425
- Unit Type Three Sq Ft
- 877
- Unit Type Three Units Total
- 3
- Unit Type Four Baths Total
- 3
- Unit Type Four Beds Total
- 2
- Unit Type Four Rent
- 2450
- Unit Type Four Sq Ft
- 882
- Unit Type Four Units Total
- 2
- Unit Type Five Rent
- 2500
- Unit Type Five Sq Ft
- 894
- Unit Type Five Units Total
- 1
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Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.