Homes for sale - 3246 SE 115th AVE, Portland, OR 97266

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Alex & Sierra Rosenbaum

alex@alexrosenbaum.com +1(415) 318-0001

Listed by Keller Williams Realty Portland Premiere • 503-709-4632

$ 5,838,900

Est. payment | -/mo

15,257 SqFt

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$ 5,838,900

Est. payment | -/mo

Save Virtual Tour

15,257 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 15,257 sqft

Price per Sqft $382

Subdivision Powellhurst-Gilbert

MLS Listing ID 543081098

Year Built 2025

Lot Size 0.900 Acres

Property Description

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.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://youtu.be/YusF0uglPRo

Regional Multiple Listing Service (RMLS)

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Alex & Sierra Rosenbaum

REALTORS® | Lic# 201233003 | Lic# 20124996

alex@alexrosenbaum.com

+1(415) 318-0001

590 Pearl St, # 109, Eugene, OR, 97401

3246 SE 115th AVE Portland, OR 97266

Alex & Sierra Rosenbaum

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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3246 SE 115th AVE