3246 115th Ave 17 Unit Apartment Building Offered at $5,838,900 Portland, OR 97266

Rare chance to acquire a fully completed 17-unit cottage cluster at 3246 SE 115th Ave in Portland’s Powellhurst-Gilbert neighborhood. This detached home community offers immediate income potential, low maintenance, and long-term appreciation—ideal for any investor portfolio. Each home is individually metered with no shared walls, providing privacy and strong rental appeal. Heating and cooling are provided by energy-efficient mini-splits, offering year-round comfort for tenants. Modern construction reduces operating costs, and the site includes five off-street parking spaces, private patios, and layouts suited for tenants at all stages of life. The location offers excellent renter convenience with nearby amenities including Fubonn Shopping Center, the Jade District, and restaurants like So Kong Dong Korean BBQ and Tik Tok Restaurant & Bar. Starbucks and local cafés are close by, and outdoor recreation is accessible via Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park. Rental income is estimated based on local comps. Buyer to perform their own due diligence to verify financials and projections. With full site control and no HOA complications, this is a turnkey, low-maintenance asset in a high-demand SE Portland location—where middle housing of this scale is increasingly rare under current zoning.