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… Read More 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. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10232519] Read Less
Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate.
Listing Snapshot
Days Online
1
Last Updated
Square Ft.
4,074
Year Built
2025
MLS Number
257798204
30 Days Snapshot Of 97206
$469k
-7%
(avg) sold price
49
+11%
homes sold
57
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: None
Building
Building Area Total: 4074, Built in 2025, Stories: 2, Unit Type Type: UnitTypeType1
Actual Rent: $2,850, Area: 1358, Features: AirConditioning, Dishwasher, Microwave, WasherDryerHookup, Units Total: 3, 2 total bathrooms, 3 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, ENERGYSTARQualifiedEquipment, Internet Service Type: FiberOptics, Water Source: PublicWater
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