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About this home
Don’t miss this golden opportunity to put your signature mark on a unique property with spectacular views of the St. Johns Bridge! Bring your A-game and imagination to complete this project quickly. Owner is willing to carry financing for 6 to 8 months and/or open to partnering with the right party to catalyze a remarkable outcome! Each townhome is on a separate tax lot (8531 & 8527 N Edison); 4 units altogether (primary home + ADU on each lot). Constructed as mirror images. Bring new energy to provide housing density, affordable housing, and/or creative living space. Visions include co-housing, cooperative living, low-income or mission-oriented housing, or PadSplit. Could be suitable for a non-profit development investment opportunity. Originally purchased as a two-level townhome, re-design was drafted by EMA Architects (2017), with eco-conscious quality construction by Birdsmouth. Originally built in 2001, the homes are to-the-stud remodels with ADU structures added in 2019. Eco-touches include Blue "Glo" windows and green roofs. Homes are enclosed and weather protected; need interior and exterior finishing work + mechanical, electrical and plumbing. Related to RMLS #198712609 (sale of single townhome).
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
Offer insights
8531 N Edison St N · $675,000
$672K and above
75% chance or better to win
Why $672K+ is a strong offer
DAYS ON MARKET
170 days
The average home goes pending in 71 days.
SALE-TO-LIST
97.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Interior features
Storage in garages
Decks
Updated/remodeled condition
Views of park/greenbelt, river and territorial
Bedrooms
Two units with 4 bedrooms each
Two units with 1 bedroom each
Bathrooms
Two units with 4 bathrooms each
Two units with 1 bathroom each
Kitchen
Gas hot water
Laundry & utility
Washer/dryer hookups in each unit
Heating & cooling
Mini-split heating
Mini-split cooling
Exterior features
Cement siding
Sloped lot
Paved road access
Green roof and membrane roof
Park/greenbelt and river views
Home design
Multi-family property
Not attached
Built in 2001
Total building area approximately 5,610
Parking
Driveway
2-car garage (total 2 parking spaces)
Construction
Concrete perimeter foundation and slab
Cement siding exterior
Utilities
Public water
Public sewer
Electricity
Financial info
Rent includes sewer, trash collection and water
Zoning: RM2
Other
Four total units (two larger 2,177 sq ft units and two 628 sq ft units)
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 (2-4 Unit)
County
Multnomah County
APN
R486646
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 Apr 15, 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
Jun 5, 2015 • Final
Residential bldg/trade
Addition
New construction
Jun 5, 2015 • Final
Residential bldg/trade
Add straps to basement shear wall top plates to correct notches.
New construction
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
78
57
64
48
54
44
51
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
75/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8531 N Edison St N
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $518,000 and $865,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $518K to $865K.