3246 SE 115th Ave, Portland, OR 97266
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
3246 SE 115th Ave,Portland, OR 97266
$5,838,900
- - Beds
- - Baths
- 15,257 sq. ft.
- Multi-family
- Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere
MLS#:543081098
Source:PORTLAND
Price summary
- Price:$5,838,900
- Price per sq. ft.:$382.7
About this home
Rare chance to acquire a fully completed 17-unit cottage cluster at 3246 SE 115th Ave in Portland’s Powellhurst-Gilbert neighborhood. This detached home community offers immediate income potential, low maintenance, and long-term appreciation—ideal for any investor portfolio. Each home is individually metered with no shared walls, providing privacy and strong rental appeal. Heating and cooling are provided by energy-efficient mini-splits, offering year-round comfort for tenants. Modern construction reduces operating costs, and the site includes five off-street parking spaces, private patios, and layouts suited for tenants at all stages of life. The location offers excellent renter convenience with nearby amenities including Fubonn Shopping Center, the Jade District, and restaurants like So Kong Dong Korean BBQ and Tik Tok Restaurant & Bar. Starbucks and local cafés are close by, and outdoor recreation is accessible via Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park. Rental income is estimated based on local comps. Buyer to perform their own due diligence to verify financials and projections. With full site control and no HOA complications, this is a turnkey, low-maintenance asset in a high-demand SE Portland location—where middle housing of this scale is increasingly rare under current zoning.
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Home facts
- Year built:2025
- Listing ID #:543081098
- Added:52 day(s) ago
- Updated:November 24, 2025 at 12:18 PM
Rooms and interior
- Living area:15,257 sq. ft.
Heating and cooling
- Heating:Mini Split
Structure and exterior
- Roof:Composition
- Year built:2025
- Building area:15,257 sq. ft.
- Lot area:0.9 Acres
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:W Powellhurst
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$5,838,900
- Price per sq. ft.:$382.7
All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Realty Partners are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: November 24, 2025New listings near 3246 SE 115th Ave
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