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Sarita Dua

OPERATOR | The AskSarita Team | Keller Williams Sunset Corridor

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5484 SE Boise Ter , Portland, OR 97206
$1,599,950
Est. Payment: $8,171.20/mo
9 Bed
6 Bath
4074 Sqft
Status: Active | Days on site: 25
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BHHN12 - KASMUS,ERWINJAM
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House 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.

Highlights

Listed by Kelly Asmus , 971-325-2734 and Jamison Erwin , 503-907-2280 Berkshire Hathaway HomeServices NW Real Estate , 503-907-2280. Portland Regional Multiple Listing Service mls logo

Property Type

Multi-Family

Year Built

2025

County

Multnomah

Area

143 - Portland Southeast

Neighborhood

Boise Cottages

Listing ID

107317339

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:9
  • Bathrooms:6
  • Full Bathrooms:6
Air Cond:Heat Pump
Fireplaces:
Water:Public Water

Exterior Features

Lot:Level,Public Road
Zoning:R5
Roof:Composition
Others:
  • Additional:New Construction
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$8,171
Taxes
$0

Home Price

$1,599,950

Loan Details

30 yrs
6.596%

Down Payment

20%
$319,990
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,171.20

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,171.20 $0.08 $0.00 $8,171.28
Yearly $98,054.35 $1.00 $0.00 $98,055.35
Total $2,941,630.57 $30.00 $0.00 $2,941,660.57

Today's Rates

30 Year

6.6%

20 Year

6.33%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (Portland, OR).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.


The data relating to real estate for sale on this web site comes in part from the Portland Regional Multiple Listing Service. Real estate listings held by brokerage firms other than The AskSarita Team | Keller Williams Sunset Corridor are marked with the IDX logo and detailed information about them includes the name of the listing brokers.

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Data last updated: 2026-09-07T13:53:59.000Z

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