Shawn Realty 503-515-4499
5498 SE Boise ST, Portland, OR 97206
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- Year Built
- 2025
- County
- Multnomah
- Annual Tax
- $1 (2025)
- HOA
- None
- Days on Market
- 51 days
- Open House
- None scheduled
Monthly payment
$9,864 per month
- Principal & interest$9,536
- Property taxes$0
- HOA dues$0
- Home insurance$328
- Utilities$0
10% down · 30-year fixed · 7.11% rate · 7.211% APR (est.)
Rate: Freddie Mac weekly average, as of 11/12/2026. Estimate by Shawn Realty, not RMLS data.
Estimate by Shawn Realty, not RMLS data.
- Interest rate: 7.11% (7.211% APR, estimated). Rate: Freddie Mac weekly average, as of 11/12/2026.
- Down payment: 10% ($157,500) on $1,575,000; loan $1,417,500
- Term: 30-year fixed (360 monthly payments)
- Property taxes: $0/mo (RMLS annual tax ÷ 12)
- HOA dues: $0 (no HOA in RMLS)
- Home insurance: $328/mo (Shawn Realty assumption, 0.25% of price per year; not a quote)
- Est. APR assumes 1% of the loan amount in points and lender fees.
This is an estimate. Verify exact numbers with your lender.
Estimate only, not a loan offer or commitment. Principal, interest, est. property tax and HOA. Excludes homeowners insurance, mortgage insurance (PMI, typically required with under 20% down) and other costs. Actual rate, APR and payment depend on credit, lender and loan program. Talk to a licensed loan officer.
Description
Turnkey New Construction Investment Opportunity – Earth Advantage Platinum | SE Portland. 3 separate 3 bed units. 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) 5498/5488/5484 SE Boise St. Buyer to perform all due diligence regarding rental income and financial performance. Open House Saturday 12-3pm, or by appointment.
Facts & Features
| Property Type | Multi Family |
|---|---|
| Year Built | 2025 |
| County | Multnomah |
| Subdivision | Boise Cottages |
| Elementary School | Creston |
| Middle School | Kellogg |
| High School | Franklin |
| Heating | Heat Pump |
| Cooling | Heat Pump |
| Basement | None |
| Roof | Composition |
| View | No |
| Lot Features | Level |
| Parking | On Street |
| Sewer | Public Sewer |
| Water | Public Water |
| Annual Taxes | $1 |
| Tax Year | 2025 |
| Original List Price | $1,575,000 |
| RMLS # | 260763519 |
Map data © OpenStreetMap contributors (not RMLS data).
Listed by Kelly Asmus • Berkshire Hathaway HomeServices NW Real Estate
Listing updated: Nov 4, 2026 at 2:18pm
Source: RMLS #260763519
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than Shawn Realty are marked with the RMLS logo, and detailed information about these properties includes the name of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on 11/09/2026 17:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by RMLS.
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Shawn Yu, Shawn Realty · 503-515-4499
Shawn Yu (Shawn Realty) is not the listing agent for this home.
Shawn Realty