New Four-Unit Portfolio in
For Sale
$1,688,777
7448 SE Tolman ST, Portland, OR 97206
Newly constructed four-unit property near SE Woodstock Blvd.
Property Size4,282 SF
Lot Size0.11 Acres
Days on Market245
Property Features for 7448 SE Tolman ST
General Information
Standard status
Active
Size
4,282 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Amenities
Security System
Mini Split
Heat Pump
Composition
Building Details
Building Size
4,282 SF
Year Built
2026
Stories
2
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle II · License #199910100
(503) 709-4632
Source:
Kw
Added: Feb 13
Changed: Oct 15
Last Checked: Oct 14 at 9:18PM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,882
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,640
$1.3M
Cap Rate 7%
$898,314
$898.3K
Cap Rate 9%
$698,689
$698.7K
Market Conditions
NOI Build-Up for 4,282 SF
Gross rent
$95.1K $22.20/SF
− Vacancy
−$5.2K −$1.22/SF
EGI
$89.8K $20.98/SF
− OpEx
−$26.9K −$6.29/SF
NOI
$62.9K $14.69/SF
Area
ZIP 97206
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,640
Cap Rate 7%
$898,314
Cap Rate 9%
$698,689
Alternative Uses
Best Use
Multifamily LT 5
$898.3K
$786.0K – $1.05M
NOI $62,882 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$805.4K
$704.8K – $939.7K
NOI $56,381 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,174 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
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Business Placement
Demographics for 97206, OR
51,072
Population
22,348
Households
2.3
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
6.5 sq mi
ZIP Area
7,857
Density / Sq Mi
$94,233
Median Household Income
$54,254
Median Earnings
$1,693
Median Rent
$480,500
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?
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 $1,688,777.
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.
