Quadplex with Two-Story Floor
For Sale
$1,724,900
7466 SE Tolman St, Portland, OR 97206
MULTI_FAMILY - Portland, OR
Property Size4,282 SF
Lot Size0.11 Acres
Price / SF$402.83
Days on Market170
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
Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bathroom 7, Bathroom 8, Bathroom 9, Bedroom 1, Bathroom 6, Bathroom 2, Bedroom 2, Bedroom 7
Subdivision
MT SCOTT - ARLETA
Elementary school
Woodmere
Middle school
Lane
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
Amenities
private fenced patio
ductless heat pump systems
gourmet kitchens
stainless steel appliances
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: Aug 2
Last Checked: Aug 2 at 2:06PM
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.
Investment Insights
Based on property information with market context.
New construction quadplex portfolio on a 0.11-acre lot, totaling 4,282 square feet, currently under construction with an expected 2026 completion. The property is zoned R2.5 and consists of four two-story residences: two three-bedroom homes and two two-bedroom homes. Each unit includes 2.5 bathrooms and private, fenced outdoor space.
Unit interiors are designed around efficient, open-concept main levels that connect living, dining, and kitchen areas. Kitchens include large islands with eat-bar seating, stainless steel appliances, solid-surface countertop space, and ample cabinetry, with a convenient half bath on the main level. Upstairs, each home features primary suites with ensuite baths, hall baths for secondary bedrooms, and an upstairs laundry area positioned between bedrooms.
Outdoor amenities include a private fenced patio for each residence, with the rear home offering a substantially larger yard area. Ductless heat pump systems provide heating and cooling, and the roof is composition. Pro forma financials indicate an estimated 5.11% cap rate for the portfolio.
Unit interiors are designed around efficient, open-concept main levels that connect living, dining, and kitchen areas. Kitchens include large islands with eat-bar seating, stainless steel appliances, solid-surface countertop space, and ample cabinetry, with a convenient half bath on the main level. Upstairs, each home features primary suites with ensuite baths, hall baths for secondary bedrooms, and an upstairs laundry area positioned between bedrooms.
Outdoor amenities include a private fenced patio for each residence, with the rear home offering a substantially larger yard area. Ductless heat pump systems provide heating and cooling, and the roof is composition. Pro forma financials indicate an estimated 5.11% cap rate for the portfolio.
Key Highlights
- Quadplex portfolio under construction, expected 2026 completion
- Two three‑bedroom homes and two two‑bedroom homes, each with 2.5 bathrooms
- Private fenced patio with a substantially larger yard for the rear home
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.1k | $22.20 |
| − Vacancy | −$5.2k | −$1.22 |
| EGI | $89.8k | $20.98 |
| − OpEx | −$26.9k | −$6.29 |
| NOI | $62.9k | $14.69 |
4,282 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$898.3K
$786.0K – $1.05M
NOI $62,882 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$805.4K
$704.8K – $939.7K
NOI $56,381 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,174 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - R2.5 zoned quadplex under construction with ductless heat pumps, private fenced patios, and a mix of two- and three-bedroom homes.
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 $1,724,900.
What are key features of this property?
This property features: Quadplex portfolio under construction, expected 2026 completion; Two three‑bedroom homes and two two‑bedroom homes, each with 2.5 bathrooms; Private fenced patio with a substantially larger yard for the rear home
