8328 N Bank St

Portland, OR 97203

$4,123,900
Price
—
Beds
—
Baths
9,597 Sq. Ft.
$430 / Sq. Ft.
9,597
Sq. Ft.
$430
per Sq. Ft.
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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...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.
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere • 503-709-4632
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 8328 North Bank Street

Subdivision
ST JOHNS
Parking Features
On Street
Zoning
R5
View
Trees Woods
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 05/17/2026 12:17 AM

Property Details for 8328 North Bank Street

StatusActive
MLS #390824442
Days on Market131
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built2025
Lot Size0.26 AC / 11,325 SF
CountyMultnomah County
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Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 8328 North Bank Street

Stories2Residences11Year Built2025Building Size-Lot Size0.26 AC / 11,325 SF

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$20,766 per month

30 year fixed, 6.46% Interest

Principal and Interest

$20,766

Property Taxes

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HOA Dues

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Property Information for 8328 North Bank Street

Summary
Location and General Information
  • Country: US
  • Directions: N Fessenden St to N Charleston Ave to N Bank St
  • Road Surface: Paved
School Information
  • Elementary School: Sitton
  • High School: Roosevelt
  • Middle Or Junior School: George
Taxes and HOA
  • Tax Year: 2025
  • Tax Annual Amount: $.00
  • Parcel Number: New Construction
  • Tax Legal Description: TBD
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Property
Lot Information
  • Acres: 0.26
  • Lot Description: Level
  • Lot Size Square Feet: 11325.0
  • Lot Size Dimension: 101x147x50x51x121
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: New Construction
  • Year Built: 2025
Utilities
  • Cooling Description: Heat Pump, Mini Split
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity, Tank
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Board Batten Siding, Cedar, Cement Siding, Lap Siding
  • Roof Type: Composition, Metal
Interior Features
  • Basement: Crawl Space
  • Foundation Details: Slab, Stem Wall
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
  • Gross Income Actual: $310,622.00
  • Gross Rent Multiplier: $13.28
  • Investor Information: Incomplete
  • Net Income Actual: $239,548.00
  • Operating Expense: $71,074.00
  • Security Features: Sidewalk
  • Storage: None
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • SqFt Approximate Building Total: 9597
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Baths Decimal: 2.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,350
  • Unit Type 1 SqFt: 850.0
  • Unit Type 1 Units Total: 2
Unit 2 Information
  • Unit Type 2 Baths Total: 3
  • Unit Type 2 Baths Decimal: 2.10
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 2 Rent: $2,400
  • Unit Type 2 SqFt: 868.0
  • Unit Type 2 Units Total: 3
Unit 3 Information
  • Unit Type 3 Baths Total: 3
  • Unit Type 3 Baths Decimal: 2.10
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 3 Rent: $2,425
  • Unit Type 3 SqFt: 877.0
  • Unit Type 3 Units Total: 3
Unit 4 Information
  • Unit Type 4 Baths Total: 3
  • Unit Type 4 Baths Decimal: 2.10
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 4 Rent: $2,450
  • Unit Type 4 SqFt: 882
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 3
  • Unit Type 5 Baths Decimal: 2.10
  • Unit Type 5 Beds Total: 2
  • Unit Type 5 Features: Air Conditioning, Dishwasher, Range, Washer Dryer Hookup
  • Unit Type 5 Rent: $2,500
  • Unit Type 5 SqFt: 894.0
  • Unit Type 5 Units Total: 1

Schools near 8328 North Bank Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Sitton Elementary School
Public - K to 5
George Middle School
Public - 6 to 8
Roosevelt High School
Public - 9 to 12
Kairos PDX
Charter - K to 5
Rating
School
Distance
Sitton Elementary School
PublicK to 5

George Middle School
Public6 to 8

Roosevelt High School
Public9 to 12

Kairos PDX
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 8328 North Bank Street, Portland, OR 97203

8328 North Bank Street is a multi-family home for sale in Portland, OR 97203. This property was listed for sale on January 6, 2026 by Keller Williams Realty Portland Premiere, it's currently listed at $4,123,900. This listing's school district is Portland School District 1j. Nearby schools include Sitton Elementary School, George Middle School and Roosevelt High School. 8328 North Bank Street is a 0-bed, 0-bath, 9,597 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 05/17/2026 12:17 AM