2478 SE Lincoln St - Multi-Family FOR SALE


Portland, OR 97214- Hosford-Abernethy
$2,149,900 USD
503-709-4632
2478 SE Lincoln St, Portland, OR for Sale
$2,149,900 USD
Multi-Family - FOR SALE
1/18
null | 4.14% Cap Rate

2478 SE Lincoln St
Portland, OR 97214
Hosford-Abernethy


HIGHLIGHTS

  • 3 bed units with office/4th bedroom on ground level
  • Each unit has fully fenced, substantially sized yards
  • Designed & developed by a 2025 Builder of the Year award winner & multi-year Street of Dreams builder

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,149,900 USD

PRICE/SF

$434 USD /SF

# OF UNITS

3

PRICE/UNIT

$716,633

CAP RATE

4.14%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Construction 3-Plex in Hosford-Abernathy!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

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Darryl Bodle IIKeller Williams CommercialMore Info
503-709-4632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.