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    3246 SE 115Th Ave Portland, OR 97266

    New
    For Sale
    $5,838,900

    MULTI_FAMILY - Portland, OR

    Property size:
    15,257 SF
    Lot size:
    0.90 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 3246 SE 115Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    5
    APN
    New Construction
    Size
    15,257 SF
    Lot size
    0.90 Acres

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    17
    Roof type
    Composition

    Keller Williams Realty Portland Premiere (503) 880-4905 [email protected]

    Listing agent Darryl Bodle (503) 597-2444

    Listing date Dec 3, 2025

    MLS# 543081098 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Completed Cottage Cluster in Portland

    This is a fully completed 17-unit cottage cluster located 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. Each home is individually metered with no shared walls. Heating and cooling are provided by energy-efficient mini-splits. The site includes five off-street parking spaces and private patios. The location offers 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 cafes are close by, and outdoor recreation is accessible via Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park. The property is zoned R5 and sits on a 0.9-acre lot. The property size is 15257 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.544724
    Latitude
    45.498262

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    FAQs

    What type of property is this?
    Apartment building - 17-unit detached home community with income potential in Portland.
    Where is this apartment building located?
    The property is located at 3246 SE 115Th Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $5,838,900.
    What are key features of this property?
    This property features: - Fully completed 17-unit detached home community with immediate income potential.; - Individually metered homes with no shared walls, ensuring tenant privacy and strong rental appeal.; - Low-maintenance property with modern construction, reducing operating costs and eliminating HOA complications.
    (503) 597-2444
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    3246 SE 115Th Ave Portland, OR 97266
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    Portland, OR 97266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3246 SE 115Th Ave Portland, OR 97266
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