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Completed Cottage Cluster in Portland

3246 SE 115th Ave, Portland, OR 97266

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For Sale

$5,499,900

MULTI_FAMILY - Portland, OR

Property size:

14,018 SF

Lot size:

0.90 Acres

Price / SF:

$392/SF

HighLights

Newly built 15‑unit cottage cluster (year built 2025) at 3246 SE 115th Ave in Portland’s Powellhurst Gilbert neighborhood.
Unit mix of 2BR/2.1BA and 3BR/2.1BA homes, with 894 to 970 sqft per unit.
Each home is individually metered with no shared walls, supporting tenant privacy and utility pass‑throughs.
Heat pump HVAC plus energy‑efficient mini splits provide heating and cooling in every unit.
Site includes five off‑street parking spaces and private patios for residents.
No HOA reported.

We can help!

Listing Contact

Darryl Bodle

For Sale

$5,499,900

MULTI_FAMILY - Portland, OR

Property size:

14,018 SF

Lot size:

0.90 Acres

Price / SF:

$392/SF

Added:: Oct 2, 2025
Days on Market:: 259
Last Refresh:: Jun 17 at 5:06 am

Property Features for 3246 SE 115th Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Zoning: R5
Bedrooms: 5
Bathrooms: 6
Rooms: Bathroom 5, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 2, Bathroom 1, Bedroom 3
Standard status: Active
APN: New Construction
Size: 14,018 SF
Lot size: 0.90 Acres

Utilities

Cooling system: Heat Pump

Building Details

Year built: 2025
Floors in Building: 2
Number of units: 15
Roof type: Composition

We can help!

Listing Contact

Darryl Bodle

Listing agent Darryl Bodle License #199910100

Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

Listing date Oct 2, 2025

MLS# 543081098 Listing URL

Copyright © 2026 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.

HighLights

Newly built 15‑unit cottage cluster (year built 2025) at 3246 SE 115th Ave in Portland’s Powellhurst Gilbert neighborhood.
Unit mix of 2BR/2.1BA and 3BR/2.1BA homes, with 894 to 970 sqft per unit.
Each home is individually metered with no shared walls, supporting tenant privacy and utility pass‑throughs.
Heat pump HVAC plus energy‑efficient mini splits provide heating and cooling in every unit.
Site includes five off‑street parking spaces and private patios for residents.
No HOA reported.

Overview

This is a completed 15-unit cottage cluster located at 3246 SE 115th Ave in Portland's Powellhurst Gilbert neighborhood, purpose-built for long-term rental performance. Constructed by an award-winning builder, this detached home community offers immediate income potential, low ongoing maintenance, and strong appreciation fundamentals. The unit mix includes 2-bedroom, 2.1-bathroom and 3-bedroom, 2.1-bathroom homes ranging from 894 to 970 square feet. Each home is individually metered with no shared walls. Energy-efficient mini splits provide heating and cooling in every unit. Site features include five off-street parking spaces and private patios. The property, situated on a 0.9-acre lot, totals 14,018 square feet. Proximity to Fubonn Shopping Center, the Jade District, So Kong Dong Korean BBQ, Tik Tok Restaurant & Bar, Starbucks, local cafes, Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park supports strong and stable rental demand. This is a turnkey, low-maintenance multifamily asset in a high-demand SE Portland location.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.544585
Latitude: 45.498365

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For sale
Apartment buildings
OR
Portland
97266
3246 SE 115th Ave

What type of property is this?

Apartment building - 15-unit multifamily property in Portland's Powellhurst Gilbert neighborhood.

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 $5,499,900.

What are key features of this property?

This property features: Newly built 15‑unit cottage cluster (year built 2025) at 3246 SE 115th Ave in Portland’s Powellhurst Gilbert neighborhood.; Unit mix of 2BR/2.1BA and 3BR/2.1BA homes, with 894 to 970 sqft per unit.; Each home is individually metered with no shared walls, supporting tenant privacy and utility pass‑throughs.

3246 SE 115th Ave, Portland, OR 97266

MULTI_FAMILY - Portland, OR

Property Features for 3246 SE 115th Ave

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

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