Loading...

Portland, OR, 97206 • Foster-Powell • Multnomah County
$396/sqft
-$460,000 since Mar 17, 2026
Down payment assistance available
8Beds
9Baths
3,382Sqft
2025Built
Trees/Woods Views
Trees/Woods
Foster - Powell
Foster-Powell
This home is getting attention
Listed 162 days ago · 381 views · 19 saves
Demand and pricing signals for this listing
381 views
People checking out this listing
19 saves
Buyers have saved this home
162 days on market
Established listing
$396/sqft
Price per square foot
Multi Family · Built 2025
Welcome to Gladstone St Cottages, a rare multifamily investment opportunity in SE Portland comprised of three fully detached new construction residences. The portfolio includes two 3 bedroom, 2.5 bathroom homes and one 2 bedroom, 2.5 bathroom home, with square footage ranging from approximately 980 to 1,201 square feet. Designed to meet modern renter demand, the homes feature spacious great room layouts on the main floor, dedicated laundry spaces upstairs, and separately metered utilities that support efficient operations and predictable expense control. Energy efficient mini split systems provide heating and cooling throughout, while a landscaped shared courtyard enhances curb appeal, tenant privacy, and overall livability, supporting tenant retention and long term rental stability. Constructed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the homes reflect thoughtful design and quality craftsmanship. The property sits directly across the street from Kern Park, providing immediate access to green space, recreation, walking paths, and neighborhood gathering space, a highly valued amenity for tenants seeking outdoor access close to home. Located in the Foster Powell neighborhood, one of SE Portland’s most consistently desirable rental areas, the property benefits from strong tenant demand driven by walkability, nearby dining and retail along Foster and Woodstock, and convenient access to Division & Clinton, downtown Portland, and I-205. This turn key portfolio supports multiple investment strategies including long term hold or alternative rental approaches such as furnished or mid term housing, subject to buyer verification. Detached new construction homes in a supply constrained SE Portland location create a flexible investment opportunity positioned for durable income, strong long term tenant demand, and future upside potential.
Based on current rates
Est. 6.75% rate · 30yr fixed · $1,071,920 loan
Full calculator →Video Tour
Open in new tab ↗Loading video tour…
Key facts and listing details
9 categories of property features
Market data and value estimates
3 schools rated nearby
Portland, OR, 97206
5 events
Local context around this listing
Portland, OR • Multnomah County
Nearby neighborhoods
Nearby cities
Nearby zip codes
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS™, Portland, Oregon. This content last updated on 2026-03-27 06:04:12 PDT. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
No obligation · Same-day response