New Construction
For Sale
$1,679,900
7466 SE Tolman St, Portland, OR 97206
MultiFamily, Portland, OR
Property Size4,282 SF
Lot Size0.11 Acres
Price / SF$392.32
Days on Market261
Property Features for 7466 SE Tolman St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2.5
Bedrooms
8
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 8, Bathroom 1, Bathroom 3, Bathroom 7, Bedroom 1, Bedroom 6, Bathroom 5, Bedroom 7, Bathroom 9, Bathroom 8, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Subdivision
MT SCOTT - ARLETA
Elementary school
Woodmere
Middle school
Brentwood
High school
Franklin
Directions
SE Woodstock to SE 74th Ave to SE Tolman St
Standard status
Active
APN
New Construction
Size
4,282 SF
Lot size
0.11 Acres
Utilities
Cooling system
Heat Pump
Building Details
Year built
2026
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Feb 13
Changed: Nov 1
Last Checked: Nov 1 at 8:06PM
MLS# 722847718
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Under construction for 2026, this R2.5-zoned quadplex contains 4,282 square feet on a 0.11-acre parcel. The unit mix includes two three-bedroom homes and two two-bedroom homes, with each residence offering two-story living, two and a half bathrooms, open kitchen and great-room areas, stainless steel appliances, solid-surface counters, an island with eat-bar seating, and upstairs laundry. Private fenced patios accompany all four homes, with the rear residence providing a larger yard. Ductless heat pumps provide heating and cooling.
The property is located at 7466 SE Tolman St in Portland, approximately 2.5-3 miles from SE Woodstock Blvd and within roughly half a mile of daily conveniences along SE 82nd Avenue. Lents Park is approximately 1.1 miles away and includes greenspace, walking paths, and sports facilities. Pro forma financials indicate a 5.11% cap rate.
The property is located at 7466 SE Tolman St in Portland, approximately 2.5-3 miles from SE Woodstock Blvd and within roughly half a mile of daily conveniences along SE 82nd Avenue. Lents Park is approximately 1.1 miles away and includes greenspace, walking paths, and sports facilities. Pro forma financials indicate a 5.11% cap rate.
Key Highlights
- 4,282‑square‑foot quadplex on a 0.11‑acre parcel
- Unit mix includes two three‑bedroom homes and two two‑bedroom homes
- Each residence has two and a half bathrooms and a two‑story floor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,882
Cap Rate
3.74%
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 3.74%
Second Best
Apartment 5plus
$805.4K
$704.8K – $939.7K
NOI $56,381 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,174 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences feature open-plan interiors, private fenced patios, and ductless heat pump systems.
Where is this quadplex located?
The property is located at 7466 SE Tolman St Portland, OR.
What is the asking price?
The asking price for this property is $1,679,900.
What are key features of this property?
This property features: 4,282‑square‑foot quadplex on a 0.11‑acre parcel; Unit mix includes two three‑bedroom homes and two two‑bedroom homes; Each residence has two and a half bathrooms and a two‑story floor plan
