$2314900
Price increase: $400 (01-15-2026)
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8 Bed
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9 Bath
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5808 SqFt
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91 DOM
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Built: 2025
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Status: Active
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Welcome to Gladstone St Cottages, a rare multifamily investment opportunity in SE Portland comprised of five fully detached new construction residences, each on its own individual tax lot with fee simple ownership. This configuration offers exceptional flexibility for long term hold investors, 1031 exchange buyers, or future unit by unit resale, an increasingly scarce asset type in the Portland market. The portfolio includes four 3 bedroom, 2.5 bathroom homes and one 2 bedroom, 2.5 bathroom home, with square footage ranging from approximately 980 to 1,225 square feet. All homes are designed to meet modern renter demand with open living layouts, in unit laundry, and separately metered utilities that support efficient operations and predictable expense control. One 3 bedroom home includes a private one car garage, driveway parking, and central air conditioning, while the remaining homes are equipped with energy efficient mini split systems providing heating and cooling. A landscaped shared courtyard enhances curb appeal, tenant privacy, and overall livability, supporting tenant retention and long term rental stability. The property is directly across the street from Kern Park, providing immediate access to green space and recreation, a highly valued amenity for tenants. 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, proximity to neighborhood retail and dining, and convenient access to Woodstock, Division Clinton, downtown Portland, and I 205. This turn key portfolio supports multiple investment strategies, including long term hold, phased resale, or alternative rental approaches such as furnished or mid term housing, subject to buyer verification. Rare characteristics, detached homes, multiple tax lots, modern systems, and a supply constrained SE Portland location, combine to create a resilient investment well positioned for future upside.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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402846995
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91 DOM
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8
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10018.8 SqFt
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9
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5808
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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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Arleta
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Kellogg
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Franklin
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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: Jan 21, 2026 16:04 | Listing last modified Jan 15, 2026 13:54,
Source:
Residence Information
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5808
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-
-
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8
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9
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Composition
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1,
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OnStreet
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2
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2025
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No
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CementSiding, LapSiding
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CrawlSpace
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-
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CrawlSpace
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ConcretePerimeter
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Features and Utilities
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CentralAir, MiniSplit
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Electricity
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ForcedAir, MiniSplit
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PublicSewer
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Electricity
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Electricity, Gas
Financial
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0
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None
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Cash,Conventional
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10-16-2025
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No
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No
Comparable Information
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91
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97
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Cash,Conventional
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$2,799,900
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$2,314,900
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Jan 15, 2026 13:54
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: Jan 21, 2026 16:04 | Listing last modified Jan 15, 2026 13:54.
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 a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
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.
— Vignesh Chan
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.
— Ramren Garajan
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Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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