8220-8236 N Edison Street is an attractive opportunity to acquire a well-located 9-unit multifamily asset in one of North Portland’s most walkable and character rich neighborhoods. Positioned in the heart of St. Johns, the property benefits from strong rental demand driven by the area’s neighborhood amenities and iconic views of the St.Johns Bridge.The property offers a desirable living environment with on-siteparking, bike storage, and shared laundry facilities in one of Portland’s most distinctive neighborhoods. Located just minutes from the St. Johns commercial district, tenants enjoy walkable access to local coffee shops, restaurants, parks, and everyday retail amenities. Cathedral Park, the Willamette River waterfront, and multiple transit options are all nearby, creating a highly livable, pedestrian friendlysetting that continues to attract a diverse renter base.For investors, this offers a stable multifamily investment in asupply constrained submarket with strong fundamentals. St. Johnscontinues to experience steady population growth and increasingdemand for well located rental housing. The property’s manageablescale, attractive neighborhood setting, and classic Portland character create an appealing opportunity for both seasoned investors and those seeking to enter the Portland multifamily market.8220 N Edison offers a combination of location, livability, and long term upside within one of Portland’s most distinctive neighborhoods.
Cathedral Park, located between St. Johns and the Willamette River, is a residential and riverside Portland neighborhood with a landmark bridge and a broad waterfront lawn. The neighborhood’s character concentrates under the Gothic arches of the St. Johns Bridge at Cathedral Park, where picnic blankets, dog walkers, and weekend events share the river breeze. Modest early-20th-century houses and small apartment courts line leafy streets that slope toward the water. The social calendar often points to Cathedral Park Jazz Festival, while nearby pillars like St. Johns Theater & Pub and Slim’s Restaurant & Bar anchor local nights out. A short climb leads to forested trails at Pier Park, adding a quiet, green counterpoint to the riverfront scene.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Updated/remodeled condition
Storage on deck
Wood floors
Bedrooms
Two-bedroom units (unit type listed as 1)
Bathrooms
One bathroom per unit
Kitchen
Range
Refrigerator
Laundry & utility
On-site laundry
Flooring
Wood floors
Heating & cooling
Mini-split heating
Mini-split cooling
Gas hot water
Exterior features
Cement siding
Shingle roof
Paved road access
Front yard landscaping
Security gate
Home design
Multi-family property
Not attached to other property
Built in 1965
9 total units
Total building area approximately 7,500
Parking
Assigned parking
Security
Security gate
Construction
Concrete perimeter and slab foundation
Utilities
Public water
Public sewer
Electric and gas service
HOA & community
Zoned RM2
Community laundry
Financial info
Actual rent for unit type: $1,524
Gross rent multiplier: 10.02
Cap rate: 6.26
Other
Lot is about 0.23 acres (10,000–14,999 SqFt)
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Multnomah County
APN
R192072
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Mar 16, 2026.
RM2
D
Residential Multi-Dwelling 2 zone
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Zone overlays
Design Overlay Zone
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Sep 3, 2024 • Final
Plumbing
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
12 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97203
Average low and high temperatures (°F)
48
35
50
37
57
43
65
45
71
51
77
55
83
59
84
62
77
57
64
48
54
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
65/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.3 hrs
3.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8220 N Edison St
There isn’t enough information to generate an accurate estimate at this time. Learn More