7262 SW 1st AVE, Portland, OR 97219

$2,059,900

Beds

Baths

0.19 ac

Property Size

2026

Year Built

About The Property

Four brand new South Portland residences across two matching buildings create a rare opportunity to acquire an entire new construction rental portfolio in one location. With four separate 3 bedroom, 3 full bathroom homes, the property offers multiple investment strategies: lease all four for diversified rental income, occupy one residence while renting the remaining three to help offset ownership costs, or create a flexible combination of personal use and long term rentals. Each home features a main level bedroom and full bath, open kitchen, dining and living spaces, an upstairs primary suite, second upstairs bedroom and full hall bath. Painted shaker cabinetry, slab counters, full height kitchen backsplashes, stainless steel Whirlpool appliances, black fixtures and detailed millwork give each residence a polished, consistent finish. The 7250/7252 building offers dedicated driveways for off street parking, while 7260/7262 feature larger fenced yards with lawn space. All four homes include covered patios, private outdoor areas, minisplit heating and cooling, individual laundry areas and separate street addresses. No HoA or monthly association dues helps keep the ownership structure straightforward. Located in South Portland near Fulton Park, Willamette Park and the Willamette Greenway Trail, with John’s Landing dining, coffee and everyday shopping nearby plus convenient access to the Sellwood Bridge, OHSU, Barbur Blvd, I-5 and downtown Portland. 2-10 Builder Warranty coverage is included at closing.

ARCHITECTURE

Stories: 2
Condition: New Construction
Year Built: 2026
Roof Type: Composition
Foundation Details: Concrete Perimeter, Stem Wall
Basement Details: Crawl Space

INTERIOR FEATURES

Heating Type: Heat Pump, Mini Split
Fuel Type: Electricity
Interior SqFt: 5080

EXTERIOR FEATURES

Lot Features: Level, Public Road
Lot size (Acres): 0.19
Zoning: R5
Water Source: Public Water
Sewer: Public Sewer

SCHOOLS

Elementary: Rieke
High School: Ida B Wells
Middle: Robert Gray

TAX & FINANCIAL

Terms Considered: Cash, Conventional, FHA, VA Loan

LISTING INFO

Listing courtesy of Keller Williams Realty Portland Premiere | 503-709-4632

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Erik Leland

Luxury Property Advisor | OR License 201225800
Member of: National Association of REALTORS® (NAR)

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Property ID - | 888989

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Erik Leland