Homes for sale - 8328 N Bank ST, Portland, OR 97203

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Temple Raney

templeraneyrealestate@gmail.com +1(503) 740-0890

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$ 4,188,900

Est. payment | -/mo

9,597 SqFt

Save Virtual Tour

$ 4,188,900

Est. payment | -/mo

Save Virtual Tour

9,597 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,597 sqft

Price per Sqft $436

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

Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 740-0890

templeraneyrealestate@gmail.com

8328 N Bank ST Portland, OR 97203