Recently Listed New ConstructionOpen House 8/30 10am - 12pm
7262 SW 1st AVE
Portland, OR, 97219 $ 2,059,900
Bedrooms3 Baths3.0 Sq 5,080 Monthly Estimate*
$ 13,006
for $2,059,900 with 3 bedrooms and 3 full baths. This 5,080 square foot home was built in 2026 on a lot size of 0.19.
Four brand new South Portland residences across two matching buildings create a rare opportunity to acquire an entire new construction rental portfolio in one location. With four separate 3 bedroom, 3 full bathroom homes, the property offers multiple investment strategies: lease all four for diversified rental income, occupy one residence while renting the remaining three to help offset ownership costs, or create a flexible combination of personal use and long term rentals. Each home features a main level bedroom and full bath, open kitchen, dining and living spaces, an upstairs primary suite, second upstairs bedroom and full hall bath. Painted shaker cabinetry, slab counters, full height kitchen backsplashes, stainless steel Whirlpool appliances, black fixtures and detailed millwork give each residence a polished, consistent finish. The 7250/7252 building offers dedicated driveways for off street parking, while 7260/7262 feature larger fenced yards with lawn space. All four homes include covered patios, private outdoor areas, minisplit heating and cooling, individual laundry areas and separate street addresses. No HoA or monthly association dues helps keep the ownership structure straightforward. Located in South Portland near Fulton Park, Willamette Park and the Willamette Greenway Trail, with John's Landing dining, coffee and everyday shopping nearby plus convenient access to the Sellwood Bridge, OHSU, Barbur Blvd, I-5 and downtown Portland. 2-10 Builder Warranty coverage is included at closing.
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Open House
8/30/2026 10:00 AM - 12:00 PM
7262 SW 1st AVE Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Heating HeatPump MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning R5
Year Built 2026
Stories Count 2
Parcel Number R139954
Gross Income 141612.0
County Multnomah
Net Operating Income 105341.0
Operating Expense 36271.0
Property Type MultiFamily
HOA N
Subdivision Name SOUTH PORTLAND
Rent Includes None
Status Active
Directions Barbur Blvd east on SW Miles St north on SW 1st Ave to property
High School Ida B Wells
City Portland
Disclosures Exempt
Number Of Units Total 4
MLS Area _148
Lot Size Square Feet 8276.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Rieke
Tax Annual Amount 0
Middle/Junior High School Robert Gray
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=SZXzAThjY5s
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 3
Unit Type UnitTypeType1
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ExteriorParking Features OffStreet OnStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding LapSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 5080.0
Lot Dimensions Irregular
Lot Size Acres 0.19
Road Surface Type Gravel
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,006
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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 $1,466,205
Percent of Sale Price 29%
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.
3254079 Elementary School
3254083 Middle School
Ida B Wells High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/24/2026 | $2,059,900 | | Listed Price |