Eight-Home Multifamily
For Sale
$3,368,777
7468 SE Tolman St, Portland, OR 97206
MultiFamily, Portland, OR
Property Size9,454 SF
Lot Size0.22 Acres
Price / SF$356.33
Days on Market236
Property Features for 7468 SE Tolman St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2.5
Bedrooms
16
Bathrooms
18
Full bathrooms
18
Rooms
Bathroom 2, Bathroom 5, Bedroom 11, Bathroom 9, Bathroom 17, Bathroom 1, Bathroom 6, Bathroom 8, Bathroom 13, Bedroom 10, Bathroom 10, Bathroom 12, Bedroom 16, Bedroom 9, Bedroom 5, Bedroom 15, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 18, Bedroom 3, Bedroom 14, Bedroom 1, Bathroom 11, Bedroom 12, Bathroom 7, Bedroom 4, Bedroom 8, Bedroom 13, Bathroom 15, Bedroom 7, Bathroom 16, Bathroom 14
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
9,454 SF
Lot size
0.22 Acres
Utilities
Cooling system
Heat Pump
Amenities
private outdoor spaces
ductless heat pump systems
upstairs laundry
stainless steel appliances
solid surface countertops
kitchen islands with eat bar seating
Building Details
Year built
2026
Floors in Building
2
Number of units
8
Roof type
Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Mar 11
Changed: Nov 1
Last Checked: Nov 1 at 8:06PM
MLS# 259374040
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.
This multifamily offering comprises eight homes totaling 9,454 square feet on 0.22 acres, with four three-bedroom residences and four two-bedroom residences. Each home includes 2.5 bathrooms and a two-story layout with an open main-level living, dining, and kitchen arrangement. Kitchens feature solid-surface counters, stainless steel appliances, substantial cabinetry, and island seating. Primary suites, additional full bathrooms, and upper-level laundry are located upstairs. Private outdoor areas are provided, with larger yards at the rear homes. Ductless heat pump systems provide heating and cooling, while composition roofing is specified. The property is under construction with a 2026 year built. R2.5 zoning applies. SE 82nd Avenue is approximately 0.5 miles away, Lents Park is about 1.1 miles away, and SE Woodstock Boulevard is roughly 2.5–3 miles from the community. Pro forma financials indicate an estimated 5.39% cap rate.
Key Highlights
- Eight homes totaling 9,454 square feet on 0.22 acres
- Unit mix includes four three‑bedroom homes and four two‑bedroom homes
- Each residence provides 2.5 bathrooms across a two‑story floor plan
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.
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Lease Details
8
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?
Apartment building - Under-construction rental community with balanced two- and three-bedroom layouts, private outdoor areas, and efficient heat pump systems.
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: Eight homes totaling 9,454 square feet on 0.22 acres; Unit mix includes four three‑bedroom homes and four two‑bedroom homes; Each residence provides 2.5 bathrooms across a two‑story floor plan
