3246 SE 115th AVE, Portland, OR 97266
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3246 SE 115th AVE, Portland, OR 97266
3246 SE 115th AVE, Portland, OR 97266
3246 SE 115th AVE, Portland, OR 97266
3246 SE 115th AVE, Portland, OR 97266
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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 5,499,900
Est. payment /mo
Active

3246 SE 115th AVE Portland, OR 97266

5 Beds

4.2 Baths

14,018 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,018 sqft

Price per Sqft $392

Subdivision Powellhurst-Gilbert

MLS Listing ID 543081098

Bedrooms 5

Year Built 2025

Tax Year 2025

Lot Size 0.900 Acres

Property Description

Rare opportunity to acquire a fully completed 15 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.

Location

State OR

County Multnomah

Area _143

Zoning R5

Rooms

Basement Crawl Space

Interior

Heating Mini Split

Cooling Heat Pump, Mini Split

Exterior

View Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Concrete Perimeter, Stem Wall

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, VALoan

Listing Terms Cash, Conventional, VALoan

Virtual Tour https://youtu.be/YusF0uglPRo


Regional Multiple Listing Service (RMLS)

Nearby Locations

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Our Founder & CEO, Sean Miku, once found himself on food stamps, without a home, and forced to pick the lock on a water meter just to give his baby girl her first bath. Out of those struggles came a relentless determination to build something better — not only for his own family, but for every agent and client who deserved a simpler, more supportive way to experience real estate.

 

With just $30,000 and four agents, simpliHŌM was launched in 2018. From those humble beginnings, we’ve grown into a thriving, people-first brokerage spanning multiple states and serving thousands of agents nationwide — all driven by the same mission: Making Real Estate Simple.

 
Our Mission: Making Real Estate Simple


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3246 SE 115th AVE

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