2478 SE Lincoln St - New Construction 3-Plex in Hosford-Abernathy! 3 Unit Apartment Building Offered at $2,149,900 at a 4.14% Cap Rate Portland, OR 97214

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.