5498 SE Boise St, Portland, OR 97206
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
5498 SE Boise St,Portland, OR 97206
$1,575,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Nov 1412:00 pm - 03:00 pm
Listed by: kelly asmus, jamison erwin
Office: berkshire hathaway homeservices nw real estate503-907-2280
MLS#:260763519
Source:PORTLAND
Price summary
- Price:$1,575,000
About this home
Turnkey New Construction Investment Opportunity – Earth Advantage Platinum | SE Portland. 3 separate 3 bed units. 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) 5498/5488/5484 SE Boise St. Buyer to perform all due diligence regarding rental income and financial performance. Open House Saturday 12-3pm, or by appointment....
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Home facts
- Year built:2025
- Subdivision & Development:Boise Cottages
- Listing ID #:260763519
- Added:48 day(s) ago
- Updated:November 12, 2026 at 01:29 AM
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump
Structure and exterior
- Roof:Composition
- Year built:2025
- Lot Features:Level
- Foundation Description:Slab
- Levels:2 Stories
Schools
- High school:Franklin
- Middle school:Kellogg
- Elementary school:Creston
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,575,000
- Tax amount:$1 (2025)
Parking
- Parking description:On street
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