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About this home
Four brand new South Portland residences across two matching buildings create a rare opportunity to acquire an entire new construction rental portfolio in one location. With four separate 3 bedroom, 3 full bathroom homes, the property offers multiple investment strategies: lease all four for diversified rental income, occupy one residence while renting the remaining three to help offset ownership costs, or create a flexible combination of personal use and long term rentals. Each home 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 Whirlpool appliances, black fixtures and detailed millwork give each residence a polished, consistent finish. The 7250/7252 building offers dedicated driveways for off street parking, while 7260/7262 feature larger fenced yards with lawn space. All four homes include covered patios, private outdoor areas, minisplit heating and cooling, individual laundry areas and separate street addresses. No HoA or monthly association dues helps keep the ownership structure straightforward. Located in South Portland near Fulton Park, Willamette Park and the Willamette Greenway Trail, with John's Landing dining, coffee and everyday shopping nearby plus convenient access to the Sellwood Bridge, OHSU, Barbur Blvd, I-5 and downtown Portland. 2-10 Builder Warranty coverage is included at closing. [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
8,276 sq ftLot Size
$405Price/Sq.Ft.
Listed by Darryl Bodle• Keller Williams Realty Portland Premiere
Listed by Kelly Christian• Keller Williams Realty Portland Premiere
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
27 days
The average home goes pending in 24 days.
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
LIST PRICE
$2,059,900
Median list price in this area is $647,045. (69% lower than this home)
PRICE DROP
0 price drops
17% 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 basement
No storage
Bedrooms
Four units with 3 bedrooms each
Bathrooms
Each unit has 3 bathrooms
Kitchen
Dishwasher
Range
Laundry & utility
Washer/dryer hookup
Heating & cooling
Heat pump
Mini-split
Exterior features
Level lot
Public road frontage
Trees/woods view
Cement siding
Lap siding
Home design
Multi-family property
New construction
Not attached
Parking
Off-street parking
On-street parking
Construction
Built in 2026
Composition roof
Concrete perimeter and stem wall foundation
Utilities
Public water
Public sewer
Electric water heater (tank)
Electric fuel
Green certified
Financial info
Cap rate 5.11
Gross rent multiplier 14.55
Unit-type example: 4 identical units, each 3 bed / 3 bath, approx. 1,270 area; actual rent noted at $2,995 for a unit
Other
Zoning: R5
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
Beds
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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.
Historical weather
Portland, OR • 97219
Average low and high temperatures (°F)
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42
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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 $703,000 and $1,065,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $703K to $1.1M.