3246 SE 115th Ave, Portland, OR 97266

Portland
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
3246 SE 115th Ave,Portland, OR 97266
$5,958,900
  • - Beds
  • - Baths
  • 14,363 sq. ft.
  • Multi-family
  • Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere
MLS#:543081098
Source:PORTLAND

Price summary

  • Price:$5,958,900
  • Price per sq. ft.:$414.88

About 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. This detached home community offers immediate income potential, low ongoing maintenance, and strong appreciation fundamentals, making it a compelling addition to any portfolio. Each stand-alone home is individually metered with no shared walls, enhancing privacy and allowing clean utility cost pass-throughs. Energy-efficient mini-splits provide heating and cooling in every unit, helping control operating expenses and support tenant retention. Modern construction and systems reduce near-term capital expenditure needs compared to older vintage stock. Site features include five off-street parking spaces, private patios that boost livability and rentability, and layouts that appeal to a broad tenant base, from singles and couples to small households. Proximity to Fubonn Shopping Center, the Jade District,

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Home facts

  • Year built:2025
  • Listing ID #:543081098
  • Added:158 day(s) ago
  • Updated:March 10, 2026 at 11:23 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:14,363 sq. ft.

Heating and cooling

  • Heating:Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:2025
  • Building area:14,363 sq. ft.
  • Lot area:0.9 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:2 Stories

Schools

  • High school:David Douglas
  • Middle school:Ron Russell
  • Elementary school:W Powellhurst

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,958,900
  • Price per sq. ft.:$414.88
MLS LogoAll 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 Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: March 10, 2026

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