New Four-Unit Portfolio in
7466 Southeast Tolman Street Portland, OR 97206
7466 Southeast Tolman Street, Portland, OR, 97206
$1,724,900
For Sale
$1,724,900
Newly constructed four-unit property near SE Woodstock Blvd.
Property Size4,282 SF
Price / SF$402.83
Days on Market154
Property Features for 7466 Southeast Tolman Street
General Information
- Standard status
- Active
- Size
- 4,282 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2026
Listing Agency
Keller Williams Realty Portland Premiere
(503) 709-4632
Listed by
Darryl Bodle · License #199910100
(503) 709-4632
Source
Compass
Added: Feb 13 Checked: Jul 17 at 4:56 am
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
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. The homes feature open-concept great rooms with flow between living, dining, and kitchen areas. Gourmet kitchens offer solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat bar seating, plus a convenient main-level half bath. Upper levels include primary suites with ensuite baths, dedicated hall baths for secondary bedrooms, and upstairs laundry positioned between bedrooms. 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. The property size is 4282 square feet. Pro forma financials indicate an estimated 5.11% cap rate.
Key Highlights
- Newly constructed four‑unit portfolio in desirable Southeast Portland location.
- Developed by an award‑winning builder, ensuring thoughtful planning and durable construction.
- Portfolio includes a mix of two and three‑bedroom homes, each with 2.5 bathrooms and well‑designed two‑story floor plans.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
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 7466 Southeast Tolman Street 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: Newly constructed four‑unit portfolio in desirable Southeast Portland location.; Developed by an award‑winning builder, ensuring thoughtful planning and durable construction.; Portfolio includes a mix of two and three‑bedroom homes, each with 2.5 bathrooms and well‑designed two‑story floor plans.
