$5899900
Price cut: $59K (03-24-2026)
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5 Bed
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6 Bath
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14988 SqFt
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174 DOM
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Built: 2025
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Status: Active
Love 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. 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.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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543081098
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174 DOM
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5
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0.9 acres
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6
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14988
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2025
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R5
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Multnomah
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New Construction
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W Powellhurst
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Ron Russell
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David Douglas
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MultiFamily
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TBD
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
PDXA1 Realty Group data last checked: Mar 26, 2026 11:25 | Listing last modified Mar 25, 2026 17:29,
Source:
Residence Information
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14988
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-
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5
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-
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6
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Composition
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Open,Paved
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2
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2025
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No
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BoardBattenSiding, CementSiding, LapSiding
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CrawlSpace
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-
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CrawlSpace
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ConcretePerimeter,St
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Features and Utilities
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HeatPump, MiniSplit
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Electricity
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MiniSplit
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PublicSewer
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Electricity
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Electricity
Financial
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0
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None
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Cash,Conventional,VALoan
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10-02-2025
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No
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No
Comparable Information
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174
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175
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Cash,Conventional,VALoan
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$6,298,900
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$5,899,900
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Mar 25, 2026 17:29
Schools
Map
Listing courtesy of Keller Williams Realty Portland Premiere.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Mar 26, 2026 11:25 | Listing last modified Mar 25, 2026 17:29.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
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Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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