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About this home
Three brand new South Portland residences across two buildings offer a compelling opportunity to acquire a new construction rental portfolio in one location. With three separate 3 bedroom, 3 full bathroom homes, the property supports multiple investment strategies: lease all three for diversified rental income, occupy one while renting the other two for supplemental income, or combine personal use with long term rentals. Each residence 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 appliances, black fixtures and detailed millwork create a polished, cohesive finish. The 7252 residence offers a dedicated driveway for off street parking, while 7260 and 7262 feature larger fenced yards with lawn space. All three homes include covered patios, private outdoor areas, minisplit heating and cooling, individual laundry areas and separate street addresses. No HOA or monthly association dues add to the appeal. Located in South Portland near Fulton Park, Willamette Park and the Willamette Greenway Trail, with John's Landing dining, coffee and shopping nearby plus access to the Sellwood Bridge, OHSU, Barbur Blvd, I-5 and downtown Portland. Each home includes 2-10 Builder Warranty coverage at closing. A flexible three-residence offering combining modern design, outdoor space and multiple potential rental income streams. [Home Energy Score = 10. HES Report at: https://us.greenbuildingregistry.com/green-homes/OR10251886] [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10251886]
Multi-familyProperty Type
2026Year Built
6,098 sq ftLot Size
$541Price/Sq.Ft.
Listed by Darryl Bodle• Keller Williams Realty Portland Premiere
Listed by Kelly Christian• Keller Williams Realty Portland Premiere
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Around this home
Schools
K - 12
Preschool & daycare
Rieke Elementary School
Public K-5 • Assigned • 0.8mi
10/10
Gray Middle School
Public 6-8 • Assigned • 1.3mi
8/10
Ida B. Wells-Barnett High School
Public 9-12 • Assigned • 0.6mi
8/10
Provided by GreatSchools
About John's
Landing
John's Landing, located between South Waterfront and Multnomah Village, is a river-adjacent and residential Portland neighborhood with marina views and a tucked-away, campus-like street grid. The neighborhood’s character concentrates along SW Macadam Avenue near the John’s Landing retail cluster, where low-slung storefronts, patios, and service shops line the corridor. Architectural cues lean mid-century apartments, townhomes, and contemporary infill set against wooded slopes and the Willamette’s working shoreline. The river path and pocket docks shape a daily rhythm of walks, rowing shells, and passing freight. Local pillars include Elephant’s Delicatessen, the John’s Landing Yacht Club, and Willamette Park’s riverfront lawns. A calm, polished feel comes from greenery, water, and the steady hum of Macadam traffic.
Provided by Walk Score and Local Logic
Market insights
7262 SW 1st Ave · $2,059,900
DAYS ON MARKET
73 days
The average home goes pending in 30 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$2,059,900
Median list price in this area is $654,293. (68% lower than this home)
PRICE DROP
0 price drops
24% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Crawl space
Bedrooms
3 bedrooms per unit
Bathrooms
3 bathrooms per unit
Kitchen
Dishwasher, range
Laundry & utility
Washer/dryer hookups
Electric tank water heater
Heating & cooling
Heat pump and mini-split heating and cooling
Exterior features
Views of trees and woods
Level lot
Gravel road surface
Home design
Multi-family property
3 units
Parking
Off-street parking
On-street parking
Construction
New construction
Built in 2026
Board-and-batten, cement, and lap siding
Composition roof
Concrete perimeter and stem wall foundation
Utilities
Electricity
Public water
Public sewer
Financial info
Actual rent: $2,995
Cap rate: 3.83%
Gross rent multiplier: 18.61
Other
Green certification
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Multnomah County
APN
R139954
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Aug 24, 2026.
Aug 25, 2026 • Final
Electrical
Install a new electrical service.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Portland, OR • 97219
Average low and high temperatures (°F)
47
37
49
38
56
43
64
45
70
50
77
54
83
58
84
62
76
58
60
48
52
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 7262 SW 1st Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $639,000 and $1,050,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $639K to $1.1M.