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4540 Garden Home Rd
Portland, OR 97219
NC 4Plex in Multnomah | 2 Bed with Yards! · Multifamily Property For Sale
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4 Units


Investment Highlights
- Four newly built two bedroom two and a half bathroom homes designed and developed by a respected local boutique builder
- Each home has a private fenced patio space
- Back home has a substantially larger yard including a full lawn
- Great room style floor plans with ensuite bedrooms
- Front home has a designated parking pad
Executive Summary
Investor opportunity in the heart of Garden Home offering four newly constructed 2 bedroom, 2 bathroom residences designed for durability, efficiency, and long term rental appeal. Each unit offers ~921 square feet with modern open concept layouts, solid surface countertops, stainless steel appliances, energy efficient mini splits for year round comfort, and private yard space with lawn areas that are highly attractive to today’s tenants. Designed and developed by a respected local boutique builder known for high end finishes, efficient use of space, and attention to detail, these homes reflect thoughtful planning and strong construction standards. The front residence includes a dedicated parking pad, while the rear residence features a substantially larger lawn area that supports premium rental positioning and enhanced privacy. From a tenant demand perspective, the location performs exceptionally well. The property sits ~0.3 miles to Garden Home Recreation Center, ~0.4 miles to Garden Home Park, ~0.5 miles to Trader Joe’s, Starbucks, and neighborhood dining options, and ~1 mile to Washington Square with its major retail, restaurants, and employment draw. Quick access to SW Multnomah Blvd and Hwy 217 supports easy commuting to downtown Portland, Beaverton tech corridors, and OHSU. New construction reduces deferred maintenance risk, energy efficient systems help control utility expenses, and private yard spaces create strong differentiation compared to typical attached rental product. With lifestyle driven amenities, commuter convenience, and long term structural integrity, this fourplex presents a compelling opportunity for both investor hold strategies and owner occupied investment models in a consistently desirable Southwest Portland submarket.
Property Facts
| Price Per Unit | $439,975 | Building Size | 3,767 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Cap Rate | 4.91% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2026 |
| Property Type | Multifamily | Parking Ratio | 0.27/1,000 SF |
| Apartment Style | Townhome | Cross Streets | SW 45th Ave |
| Lot Size | 0.14 AC | ||
| Zoning | R7 | ||
| Price Per Unit | $439,975 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.14 AC |
| Building Size | 3,767 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2026 |
| Parking Ratio | 0.27/1,000 SF |
| Cross Streets | SW 45th Ave |
| Zoning | R7 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Stainless Steel Appliances
- Range
- Yard
- Dining Room
- Double Pane Windows
- Lawn
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 2 | $2,425 | 921 |
| 2+2.5 | 1 | $2,650 | 921 |
| 2+2.5 | 1 | $2,525 | 1,004 |
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