Property profile

4045 115Th Ave Portland, OR 97266

OFF-MARKET
Residential income homes
6,430 SF 0.18 ac lot Built 2024
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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

Location

4045 115Th Ave Portland, OR 97266
Portland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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