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Tom Foster

tom@tomfosterrealestate.com +1(503) 913-0886

Listed by Berkshire Hathaway HomeServices NW Real Estate

$ 1,599,950

Est. payment | -/mo

4,074 SqFt

Save Virtual Tour

$ 1,599,950

Est. payment | -/mo

Save Virtual Tour

4,074 SqFt

Open House

Sat Aug 08, 12:00pm - 4:00pm

Sun Aug 09, 12:00pm - 4:00pm

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,074 sqft

Price per Sqft $392

Subdivision Boise Cottages

MLS Listing ID 107317339

HOA Y/N No

Year Built 2025

Annual Tax Amount $1

Tax Year 2025

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.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement None

Interior

Heating Heat Pump

Cooling Heat Pump

Exterior

Roof Type Composition

Garage No

Building

Lot Description Level, Public Road

Story 2

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Creston

Middle Schools Kellogg

High Schools Franklin

Others

Acceptable Financing Cash, Contract, Conventional, FHA, LeaseOption, VALoan

Listing Terms Cash, Contract, Conventional, FHA, LeaseOption, VALoan

Virtual Tour https://my.matterport.com/show/?m=jfqHqwPxR1W&mls=1

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

+1(503) 913-0886

tom@tomfosterrealestate.com

9792 SW Nimbus Ave, Beaverton, OR, 97008, USA

5484 SE Boise TER Portland, OR 97206