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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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8328 N Bank St , Portland, OR 97203
$4,123,900
Est. Payment: $20,735.66/mo
22 Bed
33 Bath
9597 Sqft
Status: active | Days on site: 198
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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.

Highlights

Listed by Darryl Bodle , 503-709-4632 and Kelly Christian , 503-597-2444 Keller Williams Realty Portland Premiere , 503-597-2444. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.26

Year Built

2025

County

Multnomah

Area

141 - Portland North

Neighborhood

St Johns

Listing ID

390824442

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:22
  • Bathrooms:33
  • Full Bathrooms:33
Air Cond:Heat Pump,MiniSplit
Fireplaces:
Basement:Crawl Space
Other:Public Water

Exterior Features

Lot:Level
Lot Dimensions:101x147x50x51x121
Garage Capacity:0
Zoning:R5
Roof:Composition,Metal
Others:New Construction
Sewer:Public Sewer
Parking Features:On Street

Open House

Upcoming Open Houses
Sunday 10:00 am - 12:00 pm Jul 26
Principal Interest
$20,736
Taxes
$2,629

Home Price

$4,123,900

Loan Details

30 yrs
6.446%

Down Payment

20%
$824,780
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$20,735.66

Principal

Taxes

Principal Taxes HOA Total
Monthly $20,735.66 $2,628.99 $0.00 $23,364.64
Yearly $248,827.90 $31,547.84 $0.00 $280,375.74
Total $7,464,837.13 $946,435.05 $0.00 $8,411,272.18

Today's Rates

30 Year

6.45%

20 Year

6.23%

15 Year

5.73%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor technology provider shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated: 2026-07-24T03:19:25.000Z

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