5486 SE Boise ST, Portland, OR 97206
- $1,599,950
- 4,074
- SqFt
- List Price
- $1,599,950
- Price Change
- ▼ $100,000 1783572983
- Days on Market
- 85
- MLS#
- 432955097
- Property Type
- Multifamily
- Sqft. of Residence
- 4,074
- Lot Size
- 0K to 2, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
Turnkey New Construction Investment Opportunity – Earth Advantage Platinum | SE Portland. Rare opportunity to acquire a high-performance, design-forward rental asset in the heart of Foster-Powell. Boise Cottages features all-electric, Earth Advantage Platinum certified homes (HES 10, Net Zero Ready, Solar Ready) designed for long-term durability, low operating costs and strong tenant appeal. Each detached residence offers 1,359 sq ft with 3 bedrooms + loft/office and 2 full baths—an ideal layout for today’s renters seeking flexible living and remote work space. Premium finishes include Bosch appliances, induction cooktop, quartz countertops and modern cabinetry. Private outdoor spaces, dedicated yards and a shared courtyard enhance livability and leasing appeal. Built with high-performance windows, heat pump HVAC, energy-efficient systems, advanced air sealing and whole-house ERV ventilation—supporting reduced utility costs, improved tenant retention and minimized capital expenditures. Detached cottage configuration provides a competitive advantage over traditional townhomes, offering privacy and design differentiation in a supply-constrained submarket. Street parking only aligns with neighborhood norms while lowering maintenance obligations. This turnkey portfolio supports multiple strategies including long or mid-term hold or alternative rental approaches such as furnished or Padsplit, subject to buyer verification. Strong location with Walk Score 90 and Bike Score 99, minutes to shops, theater, Carts on Foster, Kern Park, pubs and transit. Pro forma rents estimated at $2,700–$3,000/unit (used $2,850 avg). Estimated NOI $71K with cap rate 4.18% and upside to 4.5% at stabilization. 15-year new construction rent control exemption. Portfolio opportunity available (3 units) 5488/5486/5484 SE Boise St. Buyer to perform all due diligence regarding rental income and financial performance. Open Houses Saturday and Sunday 12-4pm, or by appointment.
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Additional Information
- Tax Amount
- $1
- Year Built
- 2025
- High School
- Franklin
- Elementary School
- Creston
- Middle School
- Kellogg
- Living Area
- 4,074
- Stories
- 2
- Subdivision
- Boise Cottages
- Terms
- Cash, Conventional, FHA, VA Loan
- Cooling Description
- Heat Pump
- Fuel Description
- Electricity
- Heating Description
- Heat Pump
- Hoa Rent Includes
- None
- Hot Water Description
- Electricity, ENERGY STAR Qualified Equipment
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- On Street
- Parking Description
- On Street
- Covenants/Restrictions
- Yes
- Road Surface
- Paved
- Number Of Units Total
- 3
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 3
- Unit Type One Rent
- 2850
- Unit Type One Sq Ft
- 1358
- Unit Type One Units Total
- 3
Mortgage Calculator
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
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