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8657 SE 15th Ave, Portland, OR, 97202

2beds
3baths
916sqft
$419,900
$458price/sqft
$2,740/moest. monthly cost
$109,600/yrincome needed

About This Home

Tucked into Sellwood Moreland, I offer brand new construction living with a rare ownership advantage: I am not a condo, and you own the underlying lot outright with no additional monthly dues to worry about. I pair modern construction with an efficient two level layout, thoughtful use of space, and mini split systems that provide year round heating and cooling. Every detail reflects the vision of a multi-year Street of Dreams builder, blending elevated design with everyday livability and backing every home with an exceptional warranty. This is how your home was meant to be. My main level is designed around open everyday living, with natural flow between the living area, dining space, and kitchen so daily routines, casual meals, and hosting all feel easy. Just off the main living area, my fenced patio and yard space create a private outdoor extension for morning coffee, container gardening, summer meals, or a quiet place to unwind. Upstairs, my bedroom layout gives separation from the main living area, creating a comfortable sense of retreat at the end of the day. Because I am newly built, I also bring the peace of mind buyers want from modern systems, efficient design, and a lower maintenance setup in one of Southeast Portland’s most beloved close in neighborhoods. My location is a major part of my appeal. From here, you are close to SE 13th, neighborhood coffee, restaurants, grocery options, Sellwood Park, Sellwood Riverfront Park, Oaks Bottom, the Springwater Corridor, and the everyday charm that makes Sellwood Moreland so consistently sought after. Spend weekends walking to local favorites, biking toward the river, catching a movie at Moreland Theater, or enjoying easy access to nearby parks and neighborhood retail. With new construction materials, underlying land ownership, mini splits, fenced outdoor space, a builder warranty, and a close in Sellwood-Moreland setting, I deliver a smart alternative to condo living without giving up the convenience buyers want.

Getting Around

90
WalkingVery Walkable
43
TransitSome Transit
99
BikeBiker's Paradise

Schools

9/10
8/10
Sellwood Middle SchoolGrades 6-80.2 mi
7/10
Cleveland High SchoolGrades 9-122.7 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter,Stem Wall
  • Roof: Composition
  • Construction materials: Cement Siding,Lap Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Residential,Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Free-Standing Range,Microwave,Plumbed For Ice Maker,Stainless Steel Appliance(s),Electric Water Heater,Tank Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: Crawl Space

Bedroom2

  • Features: High Ceilings
  • Level: Upper
  • Area: 100

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • Partial bathrooms: 1
  • Main level bathrooms: 1

Dining Room

  • Features: Great Room, Living Room Dining Room Combo,High Ceilings
  • Level: Main

Features

  • High Ceilings,Hookup Available,Great Room,Living Room Dining Room Combo
  • Window features: Double Pane Windows,Vinyl Frames

Heating & Cooling

  • Heating features: Mini Split
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 916
  • Total interior livable area: 916 sqft

Kitchen

  • Features: Dishwasher, Disposal, Great Room, Microwave,Free Standing Range, High Ceilings, Plumbed For Ice Maker, Solid Surface Countertop
  • Level: Main
  • Area: 40

Living Room

  • Features: Great Room, Living Room Dining Room Combo,High Ceilings
  • Level: Main
  • Area: 190

Master Bedroom

  • Features: Ensuite, High Ceilings
  • Level: Upper
  • Area: 120

Property

Accessibility

  • Accessibility features: Natural Lighting,Accessibility

Details

  • Parcel number: New Construction
  • Attached to another structure: Yes
  • Zoning: R5

Features

  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Yard
  • Fencing: Fenced
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 871.20 sqft
  • Features: Level,SqFt 0K to 2999
  • Lot size dimensions: Appro x . 16 x 50

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Multnomah County and Oregon

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,123$25,476
Home Insurance *$85$1,020
Property Taxes $356$4,272
Electricity $176$2,119
Total$2,740$32,880
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$93,942/yr
40% on housing$82,200/yr
45% on housing$73,066/yr

Oregon FAIR Plan Programs

Oregon FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 2,377Commercial: 170
Total Premiums$3.07M
Total Exposure$840.98M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 2.0%
2.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$458This listing

vs Other Active Listings

Avg $/sqft

ZIP 97202$289
Multnomah County$244

vs Homes Sold Last Month

Median $/sqft

ZIP 97202$303
Multnomah County$288

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-20Price change$419,900
2026-07-10Price change$429,900
2026-06-03Listed for sale$439,900

New Construction

AgentDarryl Bodle
BrokerageKeller Williams Realty Portland Premiere

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