New Construction Eight-Home
For Sale
$3,368,777
7468 SE Tolman ST, Portland, OR 97206
Eight newly built two- and three-bedroom rentals with private outdoor space and energy-efficient ductless heat pumps.
Property Size9,454 SF
Days on Market213
Property Features for 7468 SE Tolman ST
General Information
Standard status
Active
Size
9,454 SF
Property subtype
Multi Family
Building Details
Building Size
9,454 SF
Year Built
2026
Listing Agency:
Keller Williams Realty Portland Premiere
Listed By:
Darryl Bodle · License #199910100
(503) 597-2444
Source:
Tripleoaksrealty
Added: Mar 11
Changed: Oct 7
Last Checked: Oct 7 at 8:31AM
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 offering includes all eight homes within a newly constructed small-scale rental community, designed with efficient, tenant-friendly two-story floor plans. The mix consists of four three-bedroom homes and four two-bedroom homes, and every residence features two and a half bathrooms. Main levels center on an open concept great room with seamless living, dining, and kitchen flow, supported by a convenient half bath on the main floor. Kitchens include solid surface countertop space, stainless steel appliances, ample cabinetry, and large islands with eat-bar seating. Upper levels provide primary suites with ensuite baths, a hall bath for secondary bedrooms, and upstairs laundry positioned between bedrooms. Each home also includes private outdoor space, with rear homes offering larger yard areas for added flexibility.
The community is located about 2.5–3 miles from the dining and neighborhood retail on SE Woodstock Blvd. Daily conveniences are within roughly half a mile along SE 82nd Avenue, and Lents Park is approximately 1.1 miles away, offering expansive greenspace, walking paths, and sports facilities.
With a thoughtfully planned unit mix and durable construction, the property is well suited for operators seeking a cohesive, turnkey rental portfolio that supports long-term livability. Energy-efficient ductless heat pump systems provide year-round comfort, and the combination of open layouts, in-home laundry, and private outdoor space aligns with tenant expectations for day-to-day convenience.
The community is located about 2.5–3 miles from the dining and neighborhood retail on SE Woodstock Blvd. Daily conveniences are within roughly half a mile along SE 82nd Avenue, and Lents Park is approximately 1.1 miles away, offering expansive greenspace, walking paths, and sports facilities.
With a thoughtfully planned unit mix and durable construction, the property is well suited for operators seeking a cohesive, turnkey rental portfolio that supports long-term livability. Energy-efficient ductless heat pump systems provide year-round comfort, and the combination of open layouts, in-home laundry, and private outdoor space aligns with tenant expectations for day-to-day convenience.
Key Highlights
- Newly built 8‑home rental community (Year Built 2026) in Southeast Portland, offering four 3‑bedroom homes and four 2‑bedroom homes.
- All units include 2.5 bathrooms and two‑story floor plans with main‑level open concept great rooms and a convenient main‑level half bath.
- Kitchens feature solid surface countertops, stainless steel appliances, ample cabinetry, and large islands with eat bar seating.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,481
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,489,620
$2.5M
Cap Rate 7%
$1,778,300
$1.8M
Cap Rate 9%
$1,383,122
$1.4M
Market Conditions
NOI Build-Up for 9,454 SF
Gross rent
$238.2K $25.20/SF
− Vacancy
−$11.9K −$1.26/SF
EGI
$226.3K $23.94/SF
− OpEx
−$101.8K −$10.77/SF
NOI
$124.5K $13.17/SF
Area
ZIP 97206
Vacancy
5.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,489,620
Cap Rate 7%
$1,778,300
Cap Rate 9%
$1,383,122
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.07M
NOI $124,481 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,844 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight newly built two- and three-bedroom rentals with private outdoor space and energy-efficient ductless heat pumps.
Where is this apartment building located?
The property is located at 7468 SE Tolman ST Portland, OR.
What is the asking price?
The asking price for this property is $3,368,777.
What are key features of this property?
This property features: Newly built 8‑home rental community (Year Built 2026) in Southeast Portland, offering four 3‑bedroom homes and four 2‑bedroom homes.; All units include 2.5 bathrooms and two‑story floor plans with main‑level open concept great rooms and a convenient main‑level half bath.; Kitchens feature solid surface countertops, stainless steel appliances, ample cabinetry, and large islands with eat bar seating.
