$1339900
Price cut: $460K (03-17-2026)
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5 Bed
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6 Bath
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3382 SqFt
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152 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 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.
Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere
General Information
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402846995
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152 DOM
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5
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6
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3382
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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: Mar 29, 2026 10:55 | Listing last modified Mar 17, 2026 12:44,
Source:
Residence Information
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3382
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5
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6
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Composition
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-
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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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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, Tank
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MiniSplit
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PublicSewer
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Electricity, Tank
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Electricity
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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152
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164
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Cash,Conventional
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$2,799,900
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$1,339,900
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Mar 17, 2026 12:44
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 29, 2026 10:55 | Listing last modified Mar 17, 2026 12:44.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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
Thinking about buying or selling. Let’s Talk.
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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