Recently Listed New Construction 4540 SW Garden Home RD
Portland, OR, 97219 $ 1,854,900
Bedrooms6 Baths9.0 Sq 3,767 Monthly Estimate*
$ 11,421
for $1,854,900 with 6 bedrooms and 9 full baths. This 3,767 square foot home was built in 2026 on a lot size of 0.14.
Investor opportunity in the heart of Garden Home offering four newly constructed 2 bedroom, 2 bathroom residences designed for durability, efficiency, and long term rental appeal. Each unit offers ~921 square feet with modern open concept layouts, solid surface countertops, stainless steel appliances, energy efficient mini splits for year round comfort, and private yard space with lawn areas that are highly attractive to today’s tenants. Designed and developed by a respected local boutique builder known for high end finishes, efficient use of space, and attention to detail, these homes reflect thoughtful planning and strong construction standards. The front residence includes a dedicated parking pad, while the rear residence features a substantially larger lawn area that supports premium rental positioning and enhanced privacy. From a tenant demand perspective, the location performs exceptionally well. The property sits ~0.3 miles to Garden Home Recreation Center, ~0.4 miles to Garden Home Park, ~0.5 miles to Trader Joe’s, Starbucks, and neighborhood dining options, and ~1 mile to Washington Square with its major retail, restaurants, and employment draw. Quick access to SW Multnomah Blvd and Hwy 217 supports easy commuting to downtown Portland, Beaverton tech corridors, and OHSU. New construction reduces deferred maintenance risk, energy efficient systems help control utility expenses, and private yard spaces create strong differentiation compared to typical attached rental product. With lifestyle driven amenities, commuter convenience, and long term structural integrity, this fourplex presents a compelling opportunity for both investor hold strategies and owner occupied investment models in a consistently desirable Southwest Portland submarket.
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit WallHeater
Cooling HeatPump MiniSplit
Roof Composition
Zoning R7
Garage Spaces 0
Security Features Sidewalk
Year Built 2026
Stories Count 2
Parcel Number New Construction
Gross Income 118973.0
County Multnomah
Net Operating Income 86482.0
Operating Expense 32491.0
Property Type MultiFamily
HOA N
Subdivision Name MULTNOMAH
Rent Includes None
Status Active
Directions Corner of SW Garden Home Rd & SW 45th Ave
High School Ida B Wells
City Portland
Disclosures Exempt
Number Of Units Total 4
MLS Area _148
Lot Size Square Feet 6098.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Markham
Tax Annual Amount 0
Middle/Junior High School Jackson
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=X9TxQZX-3JE&feature=youtu.be
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TBD
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InteriorBasement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 2
Unit 2 Baths Total 3
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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ExteriorParking Features OffStreet OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 1.0
Exterior Description BoardBattenSiding Cedar CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 3767.0
Lot Dimensions Approx. 75x100
Lot Size Acres 0.14
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,421
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,557,060
Percent of Sale Price 16%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3254080 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/20/2026 | $1,854,900 | | Listed Price |