5401 Southeast Tolman Street

Welcome home to this beautifully maintained 2-bedroom, 1-bathroom gem tucked into the heart of Woodstock! This 920-square-foot home has been freshly updated with a renovated kitchen and bathroom and new central heating, so you can move right in and feel at home from day one. Cozy up on chilly evenings by the gas fireplace, and enjoy year-round comfort with supplemental wall AC/heat units in both bedrooms. Beautiful hardwood floors run throughout, and large windows fill the home with natural light, giving every room a bright, welcoming feel. BUT THE REAL STORY IS THE SPACE BEYOND THE LIVING AREA. This home offers far more room than its 920 square feet suggests: - Approximately 1,000-square-foot unfinished basement: a full second level for storage, a workshop, a home gym, or hobby space, with a washer/dryer hookup - Single-car garage: room for a vehicle, tools, bikes, or seasonal gear - Backyard outbuilding: a separate structure for more storage, a studio, or a project space - Off-street parking: a private driveway with room for 2 vehicles Outside, the generous 5,500-square-foot lot is a true extension of the home. The large, fully fenced backyard offers privacy and security, with plenty of room for pets, kids, gardening, or weekend gatherings, while the covered back porch is ideal for morning coffee or evening relaxation. The location can't be beat. You're just moments from Reed College, along with a great mix of neighborhood restaurants, bars, grocery stores, and the local library. Everything you need is right around the corner, in one of Portland's most beloved neighborhoods. Move-in cost: $5,700 (first + last month's rent), called out as separate from the security deposit Security deposit: due at signing to secure tenancy (still need the dollar amount — left as a placeholder) Pet rent: $50/month per pet Lease term: 1 year, confirmed Utilities: tenant pays all Smoking: none allowed, anywhere on the property Tenant Screening Criteria & Notice of Availability Property Address: 5401 SE Tolman St, Portland, OR 97206 Notice of Availability Posting Time: Thursday, September 3 2026, at 12:30 PM Open Application Period Begins: Sunday, September 6, 2026, at 12:30 PM 1. Notice of Open Application Period & Sequence * 72-Hour Notice Window: In accordance with City of Portland City Code Chapter 30.01.086, applications will not be accepted, reviewed, or processed before the Open Application Period noted above. * Early Submission Penalty: Any application received prior to the official start time will be recorded with an 8-hour timestamp penalty, placing it behind applications received on time. * First-Come, First-Served Queue: Applications will be evaluated chronologically, one at a time, based on the exact timestamp of a completed submission. An application is considered complete only when all adult applicants have submitted their profile via Avail, provided valid photo identification, and submitted verified income documentation. 2. Right to Request a Modification or Accommodation Applicants with disabilities have the right to request a reasonable accommodation or modification if our standard screening criteria or housing policies create a barrier to equal housing access. Requests must be made in writing at the time of application submission. 3. Income & Employment Requirements * Minimum Gross Income: The gross monthly income of the applicant(s) must be at least 2.0 times the monthly rent. * Alternative Income Sources: Financial aid, housing choice vouchers (Section 8), child support, alimony, social security, and disability benefits are accepted and counted toward the income requirement. * Verification Process via SingleKey: All income must be verifiable. We utilize SingleKey as our standalone digital income verification provider. Top candidates will be sent a secure SingleKey link to verify recurring bank deposits or payroll activity. Per City of Portland ordinance, if an applicant opts out of using SingleKey's digital ban