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    OFF-MARKET
    Residential income homes

    4045 115Th Ave, Portland, OR 97266

    6,430 SF 0.18 ac lot Built 2024
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2024
    Total area 6,430 SF
    Lot 0.18 ac (7,841 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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