Listing provided courtesy of Realty Marketing / Northwest- MLS# 343352474
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Request Info8120 NE FAILING STPortland, OR 97213
Multi-Family · 2,952 Sq. ft. | 0.12 Acres
Active
8120 NE FAILING ST Overview
- Time on Site:
- 69 days
- Visits:
- 3
This fiveplex is offered as part of a 13-property, 43-unit residential portfolio that is 98% leased, primarily located in Southeast and Northeast Portland, and will be sold via Sealed Bid Auction on June 3, 2026.Located on the north side of NE Failing, this fully leased fiveplex features one two-bedroom, one-bath unit and four one-bedroom, one-bath units. All tenants are on month-to-month leases, with approximately 80% in place for two or more years. The property includes an on-site shared laundry room. Projected 2026 gross income is $62,040, with real estate taxes of $7,246. The landlord covers water, sewer, trash, and landscaping.This property offers a well-located, income-producing asset with stable tenancy in Northeast Portland.
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8120 NE FAILING ST Facts & Features
- Type Multi-Family
- Sq. ft. 2,952
- Lot 0.12 Acres
Details
General
School Information
- Elementary School: Jason Lee
- Middle Or Junior School: Roseway Heights
- High School: Leodis McDaniel
Income/Expenses
- Gross Income: 62040.0
- Net Operating Income: 39356.0
- Operating Expense: 22684.0
Building Information
- Year Built: 1958
Location/Region
- Country: US
- County Or Parish: Multnomah
- MLS Area Major: 142 - Portland Northeast
- Subdivision Name: ROSEWAY
Community/Development
- Community Features: Laundry
Rent/Lease Information
- Rent Includes: Maintenance Grounds,Sewer,Trash Collection,Water
Tax Information
- Tax Annual Amount: 7246.3
- Tax Year: 2025
General Information
- Disclosures: Disclosure
- Listing Terms: Cash
- Parcel Number: R300326
- Property Condition: Existing
- Property Type: Multi Family
- Zoning: RM1
Interior
Parking Information
- Garage Spaces: 0
Building Interior
- Building Area Total: 2952.0
General Information
- Heating: Forced Air
- Stories: 1
Exterior
Parking Information
- Parking Features: Driveway,Open
Lot Information
- Lot Features: Level,Public Road
- Lot Size Acres: 0.12
- Lot Size Square Feet: 5227.0
- Road Surface Type: Paved
- Water Source: Public Water
Building Exterior/Construction
- Roof: Composition
General Information
- Number Of Units Total: 5
- Sewer: Public Sewer
8120 NE FAILING ST Neighborhood
Community
97213 (PORTLAND) Demographics
41
Median Age
8,110
Population Density (per sq. mile)
66%
College Educated
$80,916
Estimated Median Income
9,378
Estimated Total Home Owners
5,289
Estimated Total Renters
64% / 36%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8120 NE FAILING ST Monthly Cost
8120 NE FAILING ST Market Data
Based on the last 30 days in this zip code
$490,975
Average List Price
$304
Average Price per Square Foot
32
Properties Sold
83
Average Days on Market
110
Properties for Sale
8120 NE FAILING ST History
| Date | Value | Agent |
|---|---|---|
| 4/21/2026Source: Regional MLS | April 21, 2026 |