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2472 SE Lincoln St, Portland, OR 97214

$2,149,900
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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.

2472 SE Lincoln St | MLS# 166987272

This multi-family property located at 2472 SE Lincoln St, Portland, OR 97214 is currently listed for sale with an asking price of $2,149,900. Search Portland real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: Heat Pump, MiniSplit
Fuel Type: Electricity
Heating: Mini Split
Lot Size: 0.14 Acres
Roof Type: Composition
Stories: 3.0
Year Built: 2025
Square Feet: 4,956

Units

Unit Type 1:
Bathroom(s): 3
Bedrooms: 4
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $3550.00
Square Footage: 1645
Total Units: 2
Unit Type 2:
Bathroom(s): 3
Bedrooms: 4
Features: AirConditioning, Dishwasher, Range, WasherDryerHookup
Rent: $3450.00
Square Footage: 1666
Total Units: 1

Feature Descriptions

Days on Site: 102
Exterior: Cement Siding, Lap Siding
Gross Income: $125052.00 (Actual)
Hot Water: Electricity, Tank
Lot: Level
Lot Dimensions: 60.5x100
Net Income: $88907.00 (Actual)
Operating Expenses: $36146.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: Trees/Woods
Storage: None
Units: 3
Water: Public Water

Local Schools

High School: Cleveland
Middle School: Hosford
Elementary School: Abernethy

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Portland Premiere
Agency Contact: 503-709-4632

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 11,498.12 per month $10,871.06 Principal & Interest $0.00 Property Tax (data not provided by mls) $627.05 Homeowner's Insurance

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