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About the Listing KWPP01 - BODLEDAR,CHRISTKV
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 Highlights
Status
Active
Days on Site
73
Property Type
Multi-Family
MLS ®
543081098
Year Built
2025
Total Square Footage
14,395
Lot/Acreage
0.9
County
Multnomah
Neighborhood
Powellhurst-Gilbert
Elementary School
W Powellhurst
Middle School
Ron Russell
High School
David Douglas
Interior Details
- Bedrooms: 41
- Bathrooms: 48 Full
- Appliances:
- Air Cond: MiniSplit
- Heating: Mini Split
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 5
- Lot Dimensions: 124.6x316.47
- Zoning: R5
- Roof: Composition
- Others: New Construction
- Sewer: Public Sewer
- Parking Features: Open,Paved
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: New Construction
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
3246 SE 115th Ave Portland, OR 97266
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