3246 SE 115th AVE, Portland, OR 97266

  • $5,958,900
  • $5,983,900

Overview

  • 14363 Sqft
    Property Size
  • 2025
    Year Built
  • MultiFamily
    Property Type
  • 543081098
    MLS#
  • 0.9 Acres
    Land Area
  • Keller Williams Realty Portland Premiere
    Office Name
  • Darryl Bodle
    Agent Name

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.

Details

Updated on March 7, 2026 at 8:38 am
  • MLS# 543081098
  • Price $5,958,900
  • Property Size 14363 Sqft
  • Land Area 0.9 Acres
  • Garage Size x x
  • Year Built 2025
  • Property Type MultiFamily
  • Property Status Active
  • Office Name Keller Williams Realty Portland Premiere
  • Agent Name Darryl Bodle
  • Office Phone 503-597-2444

Additional details

  • Listing Terms Cash, Conventional, FHA, VALoan
  • Roof Composition
  • Sewer Public Sewer
  • Cooling Mini Split
  • Heating Mini Split
  • County Multnomah
  • Property Type MultiFamily
  • Parking Open, Paved
  • Elementary School W Powellhurst
  • Middle School Ron Russell
  • High School David Douglas

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