USAORPortlandBoise Cottages5486 Se Boise St

5486 Se Boise St, Portland, OR

House

For Sale

Listed price in listed location currency (USD).

$1,699,950

000

MLS® 432955097

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes $1

Days Active 39

Lot Size

Approx. Age 2025

MLS® Number 432955097

Property Address: 5486 Se Boise St, Portland, OR, 97206-3941

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number432955097

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2025

BasementNone

DrivewayOn Street

Garage Spaces

HeatHeat Pump

A/CHeat Pump

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 5, 2026List Date

$1,699,950List Price

Commute

Commute

Starting Address

Destination Address

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