5486 SE Boise St, Portland, OR 97206
Local realty services provided by:Knipe Realty ERA Powered
5486 SE Boise St,Portland, OR 97206
$1,699,950
- - Beds
- - Baths
- 4,074 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, Jun 2712:00 pm - 04:00 pm
- Sun, Jun 2812:00 pm - 04:00 pm
Listed by: kelly asmus, jamison erwin
Office: berkshire hathaway homeservices nw real estate503-907-2280
MLS#:432955097
Source:PORTLAND
Price summary
- Price:$1,699,950
- Price per sq. ft.:$417.27
About this home
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....
Contact an agent
Home facts
- Year built:2025
- Listing ID #:432955097
- Added:51 day(s) ago
- Updated:June 26, 2026 at 01:35 AM
Rooms and interior
- Living area:4,074 sq. ft.
Heating and cooling
- Cooling:Heat Pump
- Heating:Heat Pump
Structure and exterior
- Roof:Composition
- Year built:2025
- Building area:4,074 sq. ft.
- 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:$1,699,950
- Price per sq. ft.:$417.27
- Tax amount:$1 (2025)
Parking
- Parking description:On street
New listings near 5486 SE Boise St
- New
$499,000Active4 beds 2 baths2,410 sq. ft.2921 SE 67th Ave, Portland, OR 97206
MLS# 128170869Listed by: REGER HOMES, LLC - New
$335,000Active1 beds 2 baths771 sq. ft.118 N Hayden Bay Dr, Portland, OR 97217
MLS# 147507623Listed by: THE AGENCY PORTLAND - New
$885,000Active4 beds 2 baths3,256 sq. ft.335 NW 112th Ave, Portland, OR 97229
MLS# 533784450Listed by: KELLER WILLIAMS REALTY PORTLAND PREMIERE - New
$610,000Active3 beds 2 baths1,537 sq. ft.5919 SW Miles St, Portland, OR 97219
MLS# 621509857Listed by: KELLER WILLIAMS REALTY PORTLAND PREMIERE - New
$290,000Active3 beds 3 baths1,431 sq. ft.10438 SW Akilean Ter, Portland, OR 97223
MLS# 741454049Listed by: EXP REALTY, LLC - New
$539,000Active4 beds 3 baths2,304 sq. ft.16011 NE Rose Pkwy, Portland, OR 97230
MLS# 765178291Listed by: JOHN L. SCOTT PORTLAND CENTRAL - Open Sat, 11am to 1pmNew
$210,000Active2 beds 1 baths1,104 sq. ft.18435 NE Glisan St #10, Portland, OR 97230
MLS# 242838146Listed by: OPT - New
$808,000Active4 beds 3 baths2,623 sq. ft.19180 NW Northshore Ct, Portland, OR 97229
MLS# 501632137Listed by: MORE REALTY - New
$399,900Active3 beds 3 baths1,119 sq. ft.99 NE 78th Ave, Portland, OR 97213
MLS# 575253462Listed by: PREMIERE PROPERTY GROUP, LLC - New
$369,900Active3 beds 1 baths1,277 sq. ft.1850 SE 157th Dr, Portland, OR 97233
MLS# 663406741Listed by: KOHLER MEYERS O'HALLORAN INC.