Recently Listed New Construction 7468 SE Tolman ST
Portland, OR, 97206 $ 3,459,900
Bedrooms16 Baths18.0 Sq 9,454 Monthly Estimate*
$ 21,303
for $3,459,900 with 16 bedrooms and 18 full baths. This 9,454 square foot home was built in 2026 on a lot size of 0.22.
Ideally located just 2.5–3 miles from the vibrant restaurants, cafés, bars, and neighborhood retail of SE Woodstock Blvd, this offering includes all eight homes within the newly constructed community, presenting a rare opportunity to acquire an entire small scale rental development in Southeast Portland. Designed and developed by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the offering reflects thoughtful planning, efficient layouts, and durable construction suited for long term ownership and reduced maintenance exposure. The community consists of four three bedroom homes and four two bedroom homes, each offering two and a half bathrooms and well designed two story floor plans that maximize functionality and tenant livability. Main levels feature spacious open concept great rooms with seamless flow between living, dining, and kitchen areas, creating flexible layouts that appeal to a broad tenant base. Gourmet kitchens offer generous 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. Homes include private outdoor spaces, with the rear homes offering larger yard areas that add outdoor flexibility and rental appeal. 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 expansive greenspace, walking paths, and sports facilities supporting tenant retention. Pro forma financials indicate an estimated 5.39% cap rate, positioning this asset as a balanced investment opportunity combining stable yield potential with long term appreciation in a consistently desirable Southeast Portland corridor.
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning R2.5
Garage Spaces 0
Security Features SecurityGate Sidewalk
Year Built 2026
Stories Count 2
Tax Year 2026
Parcel Number New Construction
Gross Income 258600.0
County Multnomah
Net Operating Income 186377.0
Operating Expense 66056.0
Property Type MultiFamily
HOA N
Subdivision Name MT SCOTT - ARLETA
Rent Includes None
Status Active
Directions SE Woodstock to SE 74th Ave to SE Tolman St
High School Franklin
City Portland
Disclosures Exempt
Number Of Units Total 8
MLS Area _143
Lot Size Square Feet 9583.0
Listing Terms Cash Conventional FHA VALoan
Elementary School Woodmere
Tax Annual Amount 0
Middle/Junior High School Lane
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=i1BxxpSec18
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 2 Baths Total 3
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 3
Unit 4 Baths Total 3
Unit 4 Beds Total 3
Unit 5 Beds Total 2
Unit 6 Beds Total 3
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4 UnitTypeType5 UnitTypeType6
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ExteriorParking Features OnStreet
Lot Features Level
Water Source PublicWater
Total Parking 0
Exterior Description Cedar CementSiding LapSiding Panel
Foundation Details ConcretePerimeter StemWall
Building Area Total 9454.0
Lot Dimensions 100x100
Lot Size Acres 0.22
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $21,303
- 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 $1,551,471
Percent of Sale Price 55%
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.
1950173 Elementary School
1950444 Middle School
Franklin High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/12/2026 | $3,459,900 | | Listed Price |