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Listing provided courtesy of Realty Marketing / NorthwestMLS# 343352474MLS Provider
  • 70 days on site
  • 3 views

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.

Source: Regional MLS, MLS#: 343352474

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  • Property Type
    Residential Income
  • Lot
    0.12 acres

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  • Median Age
    41
  • Population Density
    8,110
  • College Educated
    66%
  • Estimated Median Income
    $80,916
  • Estimated Total Home Owners
    9,378
  • Estimated Total Renters
    5,289
  • Owner / Renter Divide
    64% / 36%
  • Estimated Average Household Size
    2
  • Total Population
    32,815
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 8120 NE FAILING ST

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/21/2026Source: Regional MLS Added to Database
April 21, 2026