4045 115Th Ave, Portland, OR 97266
This exceptional investment opportunity presents six brand-new, detached homes in Portland, Oregon's desirable Powellhurst-Gilbert neighborhood. The property comprises a mix of six units: four two-bedroom, two-and-one-half-bathroom homes and two four-bedroom, two-and-one-half-bathroom homes. Each unit boasts approximately 1,071 square feet of living space, featuring open-concept floor plans designed for modern living. Kitchens are highlighted by extensive tilework, custom cabinetry, and stainless steel appliances. Two units offer a main-level bedroom, ideal for a home office or guest room. Upstairs, spacious primary suites and additional bedrooms provide ample living space. The property sits on a 0.18-acre lot and is zoned R7. Built in 2024, the two-story buildings offer a one-year builder warranty, providing peace of mind for the investor. Conveniently located near parks, coffee shops, restaurants, and grocery stores, this property offers a compelling combination of new construction, desirable unit mix, and a strong rental market. The total square footage is 6,430, with a total of 16 bedrooms across the six units. This multifamily property represents a rare opportunity for significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.