4045 115Th Ave Portland, OR 97266
- Residential income homes
- 6,430 SF
- 0.18 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 4045 115Th Ave
- Year built
- 2024
- Lot size
- 0.18 lot acres
- Property size
- 6,430 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.545
- Latitude
- 45.4927
