4-Unit New Construction Multifamily
For Sale
$2,059,900
7262 SW 1st AVE, Portland, OR 97219
Four separately addressed residences offer flexible rental, owner-occupancy, and outdoor living configurations without HOA dues.
Property Size5,080 SF
Price / SF$405.49
Days on Market59
Property Features for 7262 SW 1st AVE
General Information
Standard status
Active
Size
5,080 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
4 x 3BR/3BA
Multifamily Units
4
Amenities
covered patios
private outdoor areas
fenced yards
individual laundry areas
Building Details
Year Built
2026
Buildings
2
Listing Agency:
Roffman Real Estate Investments, LLC
Listed By:
Realty Portland Team
(503) 966-4371
Source:
Realtyportland
Added: Aug 26
Changed: Oct 21
Last Checked: Oct 20 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Roffman Real Estate Investments, LLC
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Investment Insights
Based on property information with market context.
Completed in 2026, this 5,080-square-foot multifamily property comprises four separately addressed residences arranged within two matching buildings. Each home includes three bedrooms and three full bathrooms, with a main-level bedroom and bath, open kitchen, dining, and living areas, plus two upstairs bedrooms and a full hall bath. Interior finishes include shaker cabinets, slab countertops, full-height backsplashes, stainless steel Whirlpool appliances, black fixtures, and detailed millwork. Every residence also has a covered patio, private outdoor area, minisplit heating and cooling, and individual laundry space.
The 7,250/7,252 building provides dedicated driveways for off-street parking, while 7,260/7,262 offers larger fenced yards with lawn areas. The property is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing amenities, Sellwood Bridge, OHSU, Barbur Boulevard, I-5, and downtown Portland. A 2-10 Builder Warranty is included at closing, and the property has no HOA or monthly association dues.
The 7,250/7,252 building provides dedicated driveways for off-street parking, while 7,260/7,262 offers larger fenced yards with lawn areas. The property is near Fulton Park, Willamette Park, the Willamette Greenway Trail, John's Landing amenities, Sellwood Bridge, OHSU, Barbur Boulevard, I-5, and downtown Portland. A 2-10 Builder Warranty is included at closing, and the property has no HOA or monthly association dues.
Key Highlights
- Four 3‑bedroom, 3‑bathroom residences across two matching buildings
- 5,080 SF multifamily property completed in 2026
- Each home includes a main‑level bedroom and bath plus two upstairs bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,729
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,580
$1.3M
Cap Rate 7%
$938,986
$939.0K
Cap Rate 9%
$730,322
$730.3K
Market Conditions
NOI Build-Up for 5,080 SF
Gross rent
$127.4K $25.08/SF
− Vacancy
−$7.9K −$1.55/SF
EGI
$119.5K $23.53/SF
− OpEx
−$53.8K −$10.59/SF
NOI
$65.7K $12.94/SF
Area
ZIP 97219
Vacancy
6.20%
Lease Rate
$25.08 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,580
Cap Rate 7%
$938,986
Cap Rate 9%
$730,322
Alternative Uses
Best Use
Apartment 5plus
$939.0K
$821.6K – $1.10M
NOI $65,729 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,861 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
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Business Placement
Demographics for 97219, OR
42,474
Population
18,881
Households
2.2
Avg Household Size
40
Median Age
66%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,630
Density / Sq Mi
$115,525
Median Household Income
$59,178
Median Earnings
$1,603
Median Rent
$651,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four separately addressed residences offer flexible rental, owner-occupancy, and outdoor living configurations without HOA dues.
Where is this multifamily property located?
The property is located at 7262 SW 1st AVE Portland, OR.
What is the asking price?
The asking price for this property is $2,059,900.
What are key features of this property?
This property features: Four 3‑bedroom, 3‑bathroom residences across two matching buildings; 5,080 SF multifamily property completed in 2026; Each home includes a main‑level bedroom and bath plus two upstairs bedrooms
