5486 SE Boise ST, Portland, OR 97206
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5486 SE Boise ST, Portland, OR 97206,Video Tour
5486 SE Boise ST, Portland, OR 97206
5486 SE Boise ST, Portland, OR 97206
5486 SE Boise ST, Portland, OR 97206

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Additional details
Eduardo Reyes

Eduardo Reyes

+1(971) 282-1806
Listed by Berkshire Hathaway HomeServices NW Real Estate
$ 1,599,950
Est. payment /mo
Save Virtual Tour
Price Dropped by $100K

5486 SE Boise ST Portland, OR 97206

4,074 SqFt

Open House

Sat Jul 25, 12:00pm - 4:00pm

Sun Jul 26, 12:00pm - 4:00pm

UPDATED:

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 432955097

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

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, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

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

Regional Multiple Listing Service (RMLS)

Amenities & Attractions

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Public Services & Government
Education
Pets
Local Events & Flavor

  • C Bar

    2880 SE Gladstone St, Portland, OR 97202

    American (New) Phone: 503-230-8808

  • Papa John’s Pizza

    3302 SE Powell Blvd, Portland, OR 97202

    Pizza Phone: 503-233-1313

  • DeNicola’s Restaurant

    3520 SE Powell Blvd, Portland, OR 97202

    Pizza Phone: 503-239-5221

  • Tecos Mexican Restaurant

    4132 SE Powell Blvd, Portland, OR 97202

    Fast Food Phone: 503-954-2530

  • Hail Seitan

    3620 SE 35th Pl, Portland, OR 97202

    Vegan Phone: 503-239-1004

  • Burger King

    5038 SE Powell Blvd, Portland, OR 97206

    Fast Food Phone: 503-771-1873

  • Mojo Cafe & Drive Thru

    3564 SE Powell Blvd, Portland, OR 97202

    Coffee & Tea Phone: 503-233-1086

  • Gladstone Street Pub

    3737 SE Gladstone St, Portland, OR 97202

    Pubs Phone: 503-775-3502

  • Lemon Leaf Thai Cuisine

    2706 SE Powell Blvd, Portland, OR 97202

    Thai Phone: 503-239-0000

  • Rocio’s

    2850 SE Gladstone St, Portland, OR 97202

    Mexican Phone: 971-266-8860

  • Yoko’s Japanese Restaurant

    2878 Se Gladstone St, Portland, OR 97202

    Sushi Bars Phone: 503-736-9228

  • Diane’s Restaurant

    5052 SE Foster Rd, Portland, OR 97206

    Diners Phone: 503-777-7099

  • Tacos Chavez

    5222 SE Foster Rd, Portland, OR 97206

    Mexican Phone: 503-926-1506

  • Original Joe’s

    3844 SE Powell Blvd, Portland, OR 97202

    Pizza Phone: 503-233-0504

  • Saint Pizza Lounge

    3813 SE Gladstone St, Portland, OR 97202

    Pizza Phone: 503-775-1537

  • Little Caesars Pizza

    5154 SE Foster Rd, Portland, OR 97206

    Pizza Phone: 503-954-3131

  • La Bamba

    4908 SE Powell Blvd, Portland, OR 97206

    Mexican Phone: 503-445-6341

  • Shut Up and Eat

    3848 SE Gladstone St, Portland, OR 97202

    Sandwiches Phone: 503-719-6449

  • Subway

    5135 SE Foster Rd, Portland, OR 97206

    Sandwiches Phone: 503-771-5052

  • Thirsty Pancho’s

    5222 SE Foster Rd, Portland, OR 97206

    Mexican Phone: 503-771-2593

  • reFRESH

    2860 SE Gladstone St, Portland, OR 97202

    Wine Bars Phone: 503-477-4196

  • Loose Leaf & Random Bean

    3564 SE Powell Blvd, Portland, OR 97202

    Coffee & Tea Phone: 503-238-2528

  • Kenilworth Coffeehouse

    3713 SE Gladstone St, Portland, OR 97202

    Coffee & Tea Phone: 503-954-3490

  • FoPo Tavern

    5902 SE Foster Rd, Portland, OR 97206

    American (New) Phone: 503-771-2377

  • Bird + Bear

    2801 SE Holgate Blvd, Portland, OR 97202

    American (New) Phone: 503-954-2801

  • Gladstone Street Pizza

    3813 SE Gladstone St, Portland, OR 97202

    Pizza Phone: 503-775-1537

  • Taco House Original

    3550 SE Powell Blvd, Portland, OR 97202

    Phone: 503-234-6401

  • Torres De Morelos

    3138 SE Powell Blvd, Portland, OR 97202

    Food Stands Phone: 971-344-7257

  • El Pato Feliz Movil

    5045 SE Foster Rd, Portland, OR 97206

    Food Trucks Phone: 971-888-0549

  • The Trap Restaurant

    3805 SE 52nd Ave, Portland, OR 97206

    Bars Phone: 503-777-6009

  • Rudy’s Gourmet Pizza

    4716 SE Powell Blvd, Portland, OR 97206

    Sandwiches Phone: 503-771-8008

  • Tambayan

    6014 SE Foster Rd, Portland, OR 97206

    Asian Fusion Phone: 503-777-4217

  • Gold Bowl Chinese Restaurant

    3582 SE Powell Boulevard, Portland, OR 97202

    Chinese Phone: 503-233-5363

  • Hopworks Urban Brewery

    2944 SE Powell Blvd, Portland, OR 97202

    Pizza Phone: 503-232-4677

  • Taco Bell

    4933 SE Powell Blvd, Portland, OR 97206

    Tex-Mex Phone: 503-777-9662

Eduardo Reyes

Eduardo Reyes

Broker

+1(971) 282-1806

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5486 SE Boise ST