$5899900

Price cut: $59K (03-24-2026)

5 Bed
6 Bath
14988 SqFt
174 DOM
Built: 2025
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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

MLS #543081098
Type
Days on Market 174 DOM
Beds5
Lot Size 0.9 acres
Baths6
SqFt14988
Year built2025
ZoningR5
CountyMultnomah
Tax IDNew Construction
ElemW Powellhurst
MiddleRon Russell 6/10
HighDavid Douglas
PropCategoryMultiFamily
PropType
Neighborhood (Legal)TBD

Listing Provided Courtesy of Darryl Bodle, Keller Williams Realty Portland Premiere

Krishna Realty data last checked: Apr 06, 2026 03:44 | Listing last modified Mar 25, 2026 17:29, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt14988
SFSrc
TotUp/Mn
Fireplaces
Bdrms5
Full Bath
Partial Bath
Total Bath6
RoofComposition
Garage
Style
ParkingOpen,Paved
Levels2
Year Built2025
Green CertNo
Energy Eff
ExteriorBoardBattenSiding, CementSiding, LapSiding
Bsmt/FndCrawlSpace
RV
URM
BasementCrawlSpace
FoundationConcretePerimeter,St
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
CoolHeatPump, MiniSplit
WaterElectricity
HeatMiniSplit
SewerPublicSewer
Hot WaterElectricity
FuelElectricity

Financial

PTax/Yr0
HOA
HOA InclNone
HOA Fee
Other Dues
Terms ConsideredCash,Conventional,VALoan
List Date10-02-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 174
CDOM 186
Sold Date
TermsCash,Conventional,VALoan
Original Price$6,298,900
List Price$5,899,900
Sold Price
Last ModifiedMar 25, 2026 17:29

Schools

Elementary : W Powellhurst N/A Ratings

public Middle : Ron Russell 6/10 Ratings

High : David Douglas N/A Ratings

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. Krishna Realty data last checked: Apr 06, 2026 03:44 | 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.

3246 SE 115th AVE