3246 SE 115th Ave, Portland, OR 97266

Portland
Local realty services provided by:Knipe Realty ERA Powered
3246 SE 115th Ave,Portland, OR 97266
$5,499,900
  • - Beds
  • - Baths
  • 14,018 sq. ft.
  • Multi-family
  • Active
Listed by: darryl bodle, kelly christian
Office: keller williams realty portland premiere503-597-2444
MLS#:543081098
Source:PORTLAND

Price summary

  • Price:$5,499,900
  • Price per sq. ft.:$392.35

About this home

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...

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Home facts

  • Year built:2025
  • Subdivision & Development:Powellhurst-Gilbert
  • Listing ID #:543081098
  • Added:303 day(s) ago
  • Updated:August 02, 2026 at 11:35 AM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:14,018 sq. ft.

Heating and cooling

  • Cooling:Heat Pump
  • Heating:Mini Split

Structure and exterior

  • Roof:Composition
  • Year built:2025
  • Building area:14,018 sq. ft.
  • Lot area:0.9 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter, Stem Wall
  • 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:$5,499,900
  • Price per sq. ft.:$392.35

Parking

  • Total parking spaces:5
  • Parking description:Open, Paved
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 Knipe Realty ERA Powered 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: August 2, 2026

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