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  • Price cut: $20K (4/30)
    $3,439,900

    7468 SE Tolman St, Portland, OR 97206

    20beds
    9,454sqft
    : 
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    Multi Family
    Built in 2026
    -- sqft lot
    $-- Zestimate®
    $364/sqft
    $-- HOA

    What's special

    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.
    115 days
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    60
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Darryl Bodle 503-709-4632,

    Keller Williams Realty Portland Premiere,

    Kelly Christian 908-328-1873,

    Keller Williams Realty Portland Premiere

    Source: RMLS (OR),MLS#: 259374040MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 20
      • Bathrooms: 24
      • Full bathrooms: 16
      • Partial bathrooms: 8
      Heating
      • Mini Split
      Cooling
      • Heat Pump, Air Conditioning
      Appliances
      • Included: Dishwasher, Range, Electric Water Heater, Tank Water Heater
      • Laundry: Washer Dryer Hookup
      Features
      • Basement: Crawl Space
      Interior area
      • Total structure area: 9,454
      • Total interior livable area: 9,454 sqft

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 9,583 Square Feet
      • Dimensions: 100 x 100
      • Features: Level, SqFt 7000 to 9999
      Details
      • Parcel number: New Construction
      • Zoning: R2.5

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Cedar, Cement Siding, Lap Siding, Panel
      • Foundation: Concrete Perimeter, Stem Wall
      • Roof: Composition
      Condition
      • New Construction
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Security Gate, Sidewalk
      • Subdivision: Mt Scott - Arleta
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $364/sqft
      • Date on market: 3/11/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Total actual rent: 21550
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        4/30/2026Price change$3,439,900-0.6%$364/sqft
        Source: RMLS (OR) #259374040 Report a problem
        3/11/2026Listed for sale$3,459,900$366/sqft
        Source: RMLS (OR) #259374040 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Mount Scott

        Getting around

        70 / 100
        Very Walkable
        48 / 100
        Some Transit
        89 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Woodmere
        • Middle: Lane
        • High: Franklin

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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