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    7448 SE Tolman St Portland, OR 97206

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    For Sale
    $1,729,900

    Newly constructed four-unit property near SE Woodstock Blvd.

    Lot size:
    0.11 Acres

    Property Features for 7448 SE Tolman St

    General Information

    Standard status
    Active
    Lot size
    0.11 Acres
    Exterior features
    Composition
    Interior features
    Security System, Heat Pump, Mini Split, Mini Split

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Darryl Bodle Ii
    Darryl Bodle Ii
    Source: Kw

    Listing Agency: Keller Williams Premier Partners Listing Agent: Darryl Bodle Ii

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Four-Unit Portfolio in Portland

    This newly constructed four-unit portfolio is located approximately 2.5 to 3 miles from the restaurants, cafes, bars, and retail of SE Woodstock Blvd in Southeast Portland. The property was designed and developed by a multi-year Street of Dreams builder and Builder of the Year award winner. The portfolio consists of two three-bedroom homes and two two-bedroom homes, each offering two and a half bathrooms and two-story floor plans. Main levels feature open-concept great rooms with living, dining, and kitchen areas. The kitchens offer solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a main-level half bath. Upper levels include primary suites with ensuite baths, hall baths for secondary bedrooms, and upstairs laundry. Each residence includes a private fenced patio, while the rear home offers a larger yard area. 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 greenspace, walking paths, and sports facilities. Pro forma financials indicate an estimated 5.11% cap rate.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.5860595
    Latitude
    45.47736

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    FAQs

    What type of property is this?
    Quadplex - Newly constructed four-unit property near SE Woodstock Blvd.
    Where is this quadplex located?
    The property is located at 7448 SE Tolman St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,729,900.
    What are key features of this property?
    This property features: - New construction four-unit portfolio in a desirable Southeast Portland location near SE Woodstock Blvd.; - Developed by an award-winning, reputable builder, ensuring high design quality and durable construction.; - Mix of two and three-bedroom homes, each with 2.5 bathrooms, designed for optimal functionality and tenant appeal.
    (503) 597-2444
    Request Owner's contact information
    7448 SE Tolman St Portland, OR 97206
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    Portland, OR 97206
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7448 SE Tolman St Portland, OR 97206
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    We can help!
    Listing Contact
    Darryl Bodle Ii
    Darryl Bodle Ii
    Real Estate License ID: 199910100
    (503) 597-2444 (503) 709-4632 (360) 803-4613
    Learn more
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