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Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$2,079,900

Est. payment - /mo

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4,956 SqFt

Price Dropped by $70K

2472 SE LINCOLN ST Portland, OR 97214

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,956 sqft

Price per Sqft $419

Subdivision Hosford-Abernathy

MLS Listing ID 166987272

Year Built 2025

Tax Year 2025

Lot Size 6,098 Sqft

Property Description

Introducing a rare new-construction investment opportunity featuring three modern homes, thoughtfully designed and presented by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association. This offering delivers contemporary construction, efficient systems, and strong long-term rental appeal in a highly desirable close-in Southeast Portland location. The two end homes each offer approximately 1,645 square feet across three above-grade levels and include three full bathrooms, with each bedroom designed as an en-suite with its own dedicated bathroom and walk-in closet. The interior home offers approximately 1,666 square feet and includes two full en-suite bathrooms serving the bedrooms, plus a main-level half bath, creating flexibility while maintaining strong rental functionality. All three homes also include a main-level office that functions well as a fourth bedroom, providing meaningful rental upside. Open great-room layouts are anchored by gourmet kitchens featuring custom cabinetry with extensive storage, solid surface countertops with an eat bar, stainless steel appliances, and high ceilings that enhance light and volume. Efficient mini-split systems provide year-round heating and cooling, and each home includes a fully fenced, private backyard, a valuable amenity that supports tenant retention and premium rents. Tenants will enjoy proximity to sought-after neighborhood amenities including Coava Coffee Roasters, Stumptown Coffee Roasters, and Upper Left Roasters, along with dining and nightlife favorites such as Screen Door, Olympia Provisions, Loyal Legion, and Double Dragon. Nearby outdoor amenities include Colonel Summers Park, Laurelhurst Park, and convenient access to the Eastbank Esplanade. This offering is well positioned for investors seeking stable cash flow, modern design, and long-term hold potential, with flexibility to operate as a small portfolio or sell individually.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 3

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Abernethy

Middle Schools Hosford

High Schools Cleveland

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.youtube.com/watch?v=Sfwc6A2LguY

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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