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In-PersonVirtual Tour

Ryan Smith

ryan@thesmithpropertygroup.com +1(971) 801-9001

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$ 1,714,900

Est. payment -/mo

Save Virtual Tour

Price Dropped by $15K

7448 SE Tolman ST Portland, OR 97206

4,282 SqFt

Open House

Sun May 03, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,282 sqft

Price per Sqft $400

Subdivision Mt Scott - Arleta

MLS Listing ID 511016795

Year Built 2026

Tax Year 2026

Lot Size 4,791 Sqft

Property Description

Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this newly constructed four-unit portfolio offers an exceptional blend of design quality and income potential 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 asset reflects thoughtful planning, efficient layouts, and durable construction suited for long-term ownership and reduced maintenance exposure. The portfolio consists of two three-bedroom homes and two 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 for practicality. Each residence includes a private fenced patio, while the rear home offers a substantially larger yard area for added 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 5.11% 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

Listing Terms Cash, Conventional

Virtual Tour https://www.youtube.com/watch?v=i1BxxpSec18

Regional Multiple Listing Service (RMLS)