Investment Overview

The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of 8130 N Willamette Blvd, a stabilized 10-unit apartment community located in Portland’s desirable St. Johns neighborhood. Originally built in 1968, the property features an all two-bedroom unit mix, a highly sought-after configuration that supports broad tenant appeal and long-term rental demand. Recent capital improvements include a new roof in 2026 and siding replacement completed circa 2012, reducing near-term capital exposure while preserving a well-maintained vintage aesthetic. The property’s two-story design with individual exterior entries enhances privacy and livability. Shared amenities include on-site laundry, bike and motorcycle storage, and off-street parking, including two garage spaces. Several units have undergone interior renovations featuring LVP flooring, updated IKEA cabinetry and appliances, refreshed bathrooms, and open-concept layouts with abundant natural light. Select units also offer private outdoor space, further supporting resident satisfaction and retention. Located just blocks from downtown St. Johns and the St. Johns Bridge, the asset benefits from strong walkability to neighborhood retail, dining, coffee shops, parks, and essential services. St. Johns remains one of the most supply-constrained and consistently performing submarkets in North Portland, supporting durable occupancy and rent growth. In-place operations provide a stable cash-flowing foundation, while an estimated 15% rent growth opportunity and additional upside through continued unit upgrades offer a clear value-add pathway. With its desirable unit mix, completed exterior improvements, and irreplaceable location, 8130 N Willamette Blvd presents investors with a balanced opportunity for immediate income stability and meaningful long-term upside.