Listing provided courtesy of Keller Williams Realty Portland Premiere- MLS# 381819522MLS ProviderContact Information: 503-709-4632

6439 SE 88th AVEPortland, OR 97266

Multi-Family · 5,224 Sq. ft. | 0.16 Acres
$1,813,900 Active

6439 SE 88th AVE Overview

Time on Site:
192 days
Visits:
14

Introducing a rare new-construction multifamily opportunity featuring four detached homes thoughtfully designed as a boutique cottage cluster by a multi-year Street of Dreams builder and Builder of the Year award winner. This offering is well suited for long-term hold investors seeking modern construction, efficient systems, and durable rental demand in Southeast Portland. The front two homes are approximately 1,423 sqft each and include one-car garages with driveway parking, while the rear two homes are approximately 1,189 sqft each with street parking. All four homes feature three bedrooms and two and one-half bathrooms, creating a consistent and highly desirable unit mix. Each residence includes a dedicated in-unit laundry space and energy-efficient mini-split systems for year-round heating and cooling. The rear homes are highlighted by spacious kitchen islands with eat bars, enhancing functionality and tenant appeal. Detached construction, modern layouts, and brand-new systems support reduced maintenance expectations and long-term durability. The cottage cluster design offers privacy and individuality for tenants while remaining efficient from an ownership and management perspective. Manicured landscaping is in place throughout the shared common space, reinforcing curb appeal and creating an inviting community setting. Located in Southeast Portland, the property benefits from proximity to amenities that support consistent rental demand. Nearby favorites include Broken Rice Restaurant, DOYAJI, Sherpa Kitchen, Habanero Burrito, and Shiki Shiki Baba Turkish Kitchen, along with coffee spots such as Refuge Coffee House, Loro Coffee Montavilla, and Monti's Cafe. Parklane Park offers nearby green space and recreation. A compelling opportunity to acquire brand-new, detached rental homes with a strong unit mix, efficient systems, and excellent neighborhood fundamentals.

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6439 SE 88th AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,224
  • Price/Sq.ft. $347
  • Lot 0.16 Acres

Details

General

School Information

  • Elementary School: Kelly
  • Middle Or Junior School: Lane
  • High School: Franklin

Income/Expenses

  • Gross Income: 120999.0
  • Net Operating Income: 88647.0
  • Operating Expense: 32353.0

Building Information

  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast
  • Subdivision Name: LENTS

Rent/Lease Information

  • Rent Includes: None

Tax Information

  • Tax Annual Amount: 0
  • Tax Year: 2025

General Information

  • Disclosures: Exempt
  • Listing Terms: Conventional,FHA,VA Loan
  • Parcel Number: New Construction
  • Property Condition: New Construction
  • Property Type: Multi Family
  • Zoning: R2.5

Interior

Parking Information

  • Garage Spaces: 2.0

Building Interior

  • Building Area Total: 5224.0

General Information

  • Basement: Crawl Space
  • Cooling: Heat Pump,Mini Split
  • Foundation Details: Slab,Stem Wall
  • Heating: Mini Split,Wall Heater
  • Security Features: Sidewalk
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Garage,On Street
  • Parking Total: 0

Lot Information

  • Lot Features: Level
  • Lot Size Acres: 0.16
  • Lot Size Dimensions: 70x100
  • Lot Size Square Feet: 6969.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 4
  • Sewer: Public Sewer

6439 SE 88th AVE Neighborhood

Community

97266 (Portland) Demographics

37
Median Age
6,074
Population Density (per sq. mile)
34%
College Educated
$59,062
Estimated Median Income
7,421
Estimated Total Home Owners
6,018
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6439 SE 88th AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6439 SE 88th AVE Market Data

Based on the last 30 days in this zip code

$442,581
Average List Price
$273
Average Price per Square Foot
21
Properties Sold
93
Average Days on Market
145
Properties for Sale
Calculations provided by Reliance Network

6439 SE 88th AVE History

Date Event Value Agent
4/30/2026Source: Regional MLS Price Reduction
$1,813,900 -0.3%
2/27/2026Source: Regional MLS Price Reduction
$1,819,900 -0.5%
12/19/2025Source: Regional MLS Added to Database
December 19, 2025