$1,519,900
NEW CONSTRUCTION $50K PRICE DROP

Estimated payment $9,618/month

Total Views 1,112
6 Beds
6 Baths
4,045 Sq Ft
$376 Price per Sq Ft

Highlights

  • New Construction
  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • View of Trees or Woods
  • Level Lot

About This Home

Introducing a beautifully designed four-unit multifamily property, thoughtfully crafted by a skilled local boutique builder. Each unit offers around 1,000 square feet of light-filled living space, blending comfort, style, and functionality. Step inside to find soaring ceilings and oversized picture windows that flood the open-concept great room with natural light. The gourmet kitchens in each unit are a true highlight, featuring stainless steel appliances, custom cabinetry, solid surface countertops, and designer tile backsplashes—ideal for both everyday cooking and entertaining. On the main level of each unit, a full bathroom with a walk-in shower provides flexible use for guests or convenient access. Upstairs, two well-appointed bedrooms and an additional full bath offer a private, peaceful retreat. Every detail has been carefully considered, from the high-end finishes to the warm, modern materials that give each unit a welcoming, elevated feel. Outdoor living is just as inviting, with spacious patios offering the perfect setting for morning coffee or evening gatherings. Located in Portland’s desirable South Tabor neighborhood, this property is surrounded by tree-lined streets and close to local shops, cafes, and the scenic trails of Mt. Tabor Park. With a remarkable 99 Bike Score, getting around couldn’t be easier. Whether you're looking for a smart investment or a place to call home, this multifamily property is ready to meet the moment.

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 07/18/2025

Keller Williams Realty Portland Premiere

Co-Listing Agent

Kelly Christian

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 4,791 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 4,045 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Schools

  • Bridger Elementary School
  • Harrison Park Middle School
  • Franklin High School

Utilities

  • Mini Split Air Conditioners
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number New Construction

Community Details

Overview

  • 4 Units
  • South Tabor Subdivision

Building Details

  • Operating Expense $27,323
  • Gross Income $107,962
  • Net Operating Income $80,639

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2025
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • View: Yes
  • Lot Features: Level
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Bridger
  • High School: Franklin
  • Middle Or Junior School: Harrison Park

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4791.0
  • Parcel #: New Construction

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 14.08
  • Annual Gross Income: 107962.0
  • Property Net Operating Income: 80639.0
  • Annual Operating Expense: 27323.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $1,519,900 -3.2% $376 / Sq Ft
07/18/2025 07/18/25 For Sale $1,569,900 -- $388 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 747095757

Regional Multiple Listing Service (RMLS)