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Portland, OR, 97266 • Powellhurst Gilbert • Multnomah County
$394/sqft
-$59,000 since Mar 24, 2026
42Beds
48Baths
14,988Sqft
0.9 acLot
2025Built
Trees/Woods Views
Trees/Woods
Powellhurst-Gilbert
Powellhurst Gilbert
This home is getting attention
Listed 176 days ago · 224 views · 11 saves
Demand and pricing signals for this listing
224 views
People checking out this listing
11 saves
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176 days on market
Established listing
$394/sqft
Price per square foot
Multi Family · Built 2025
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. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this detached home community offers immediate income potential, low ongoing maintenance, and strong appreciation fundamentals, making it a compelling addition to any portfolio. The unit mix includes 2 bedroom, 2.1 bathroom and 3 bedroom, 2.1 bathroom homes ranging from 894 to 970 sqft. Each home is individually metered with no shared walls, enhancing tenant privacy and allowing clean utility pass throughs. Energy efficient mini splits provide heating and cooling in every unit, helping control operating costs while supporting tenant comfort and retention. Modern construction and systems help reduce near term capital expenditure needs compared to older vintage multifamily assets. Site features include five off street parking spaces, private patios, and layouts designed for strong rental appeal. 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 and stable rental demand. 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.
Standout features identified
Our analysis highlights modern construction and systems and private patios as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $4,719,920 loan
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Key facts and listing details
9 categories of property features
Market data and value estimates
3 schools rated nearby
Portland, OR, 97266
5 events
Local context around this listing
Portland, OR • Multnomah County
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