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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$3,439,900
Est. payment /mo
9,454 SqFt
Price Dropped by $20K
7468 SE Tolman ST Portland, OR 97206
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,454 sqft
Price per Sqft $363
Subdivision Mt Scott - Arleta
MLS Listing ID 259374040
Year Built 2026
Tax Year 2026
Lot Size 9,583 Sqft
Property Description
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this offering includes all eight homes within the newly constructed community, presenting a rare opportunity to acquire an entire small scale rental development in Southeast Portland. Designed and developed by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the offering reflects thoughtful planning, efficient layouts, and durable construction suited for long term ownership and reduced maintenance exposure. The community consists of four three bedroom homes and four two bedroom homes, each offering two and a half bathrooms and well designed two story floor plans that maximize functionality and tenant livability. Main levels feature spacious open concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms. Homes include private outdoor spaces, with the rear homes offering larger yard areas that add outdoor flexibility and rental appeal. Energy efficient ductless heat pump systems provide year round comfort and efficiency. Daily conveniences line nearby SE 82nd Avenue within roughly half a mile, and Lents Park, approximately 1.1 miles away, offers expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.39% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long term appreciation in a consistently desirable Southeast Portland corridor.
Location
State OR
County Multnomah
Area _143
Zoning R2.5
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Woodmere
Middle Schools Lane
High Schools Franklin
Others
Acceptable Financing Cash, Conventional, FHA, VALoan
Listing Terms Cash, Conventional, FHA, VALoan
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