3246 SE 115th Ave, Portland, OR 97266
Local realty services provided by:CENTURY 21 North Homes Realty
3246 SE 115th Ave,Portland, OR 97266
$5,983,900
- - Beds
- - Baths
- 14,363 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere
MLS#:543081098
Source:PORTLAND
Price summary
- Price:$5,983,900
- Price per sq. ft.:$416.62
About this home
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.
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Home facts
- Year built:2025
- Listing ID #:543081098
- Added:117 day(s) ago
- Updated:January 28, 2026 at 06:28 PM
Rooms and interior
- Living area:14,363 sq. ft.
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Composition
- Year built:2025
- Building area:14,363 sq. ft.
- Lot area:0.9 Acres
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:W Powellhurst
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,983,900
- Price per sq. ft.:$416.62
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