$5,983,900

3246 Se 115th Ave, Portland, OR 97266

  • 14,395 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2025
  • Property Lot Size Icon0.9acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $416/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Rare opportunity to acquire a fully completed 16-unit cottage cluster at 3246 SE 115th Ave in Portland’s Powellhurst-Gilbert neighborhood, purpose-built for long-term rental performance. This detached home community offers immediate income potential, low ongoing maintenance, and strong appreciation fundamentals, making it a compelling addition to any portfolio. Each stand-alone home is individually metered with no shared walls, enhancing privacy and allowing clean utility cost pass-throughs. Energy-efficient mini-splits provide heating and cooling in every unit, helping control operating expenses and support tenant retention. Modern construction and systems reduce near-term capital expenditure needs compared to older vintage stock. Site features include five off-street parking spaces, private patios that boost livability and rentability, and layouts that appeal to a broad tenant base, from singles and couples to small households. Proximity to Fubonn Shopping Center, the Jade District, So Kong Dong Korean BBQ, Tik Tok Restaurant & Bar, Starbucks, local cafés, Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park further supports strong, stable demand. Rental income is estimated based on local comps; buyer to perform due diligence to verify financials, rent projections, and any future assumptions. With full site control, no HOA complications, and middle housing of this scale increasingly rare under current zoning, this is a turnkey, low-maintenance multifamily asset in a high-demand SE Portland location.

Listing Status:
Active
Date Added:
October 2, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Portland Premiere : 503-597-2444
Listing Agent:
Darryl Bodle : 503-709-4632
MLS ID:
543081098
  • Basement: Crawl space
  • A/C: Mini split
  • Heating: Mini split
  • General: Board batten sidingCement sidingLap siding
  • Parking: OpenPavedParking spaces: 5
  • Roofing: Composition
  • General: Concrete perimeter
  • Road/Access: Paved
  • Originating MLS: Regional Multiple Listing ServiceInc.
  • County: Multnomah
  • Zoning: R5.New Construction
  • View: View
  • Water: Public water
  • Sewer: Public sewer
  • Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

West Powellhurst Elementary School

2921 SE 116th Ave, Portland, OR, 97266

Grades PK-5

0.22 miles away

R

Ron Russell Middle School

3955 SE 112th Ave, Portland, OR, 97266

Grades 6-8

0.36 miles away

D

David Douglas High School

1001 SE 135th Ave, Portland, OR, 97233

Grades 9-12

1.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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