# 3246 SE 115th Ave, Portland, OR 97266 > **TL;DR:** 5bd/6ba residential multi family, $5,499,900 ($392/sqft), built 2025, 14,018 sqft. > A/C. Est. $29,414/mo. Listed 394 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $5,499,900 | | Price/sqft | $392 | | Bedrooms | 5 | | Bathrooms | 6 full | | Square Feet | 14,018 | | Year Built | 2025 | | Lot Size | 39,204 sqft (0.90 acres) | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 394 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $27,810 | | Estimated Insurance | $1,604 | | **Total** | **$29,414** | ## Nearby Schools - **Elementary:** W Powellhurst - **Middle:** Ron Russell - **High:** David Douglas ## Key Amenities - A/C ## Property Highlights - Built in 2025 - 0.90 acre lot - 2 stories ## Description ### Agent Description Rare opportunity to acquire a fully completed 15 unit cottage cluster at 3246 SE 115th Ave in Portland's Powellhurst Gilbert neighborhood, purpose built for long term rental performance. Built by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, this detached home community offers immediate income potential, low ongoing maintenance, and strong appreciation fundamentals, making it a compelling addition to any portfolio. The unit mix includes 2 bedroom, 2.1 bathroom and 3 bedroom, 2.1 bathroom homes ranging from 894 to 970 sqft. Each home is individually metered with no shared walls, enhancing tenant privacy and allowing clean utility pass throughs. Energy efficient mini splits provide heating and cooling in every unit, helping control operating costs while supporting tenant comfort and retention. Modern construction and systems help reduce near term capital expenditure needs compared to older vintage multifamily assets. Site features include five off street parking spaces, private patios, and layouts designed for strong rental appeal. Proximity to Fubonn Shopping Center, the Jade District, So Kong Dong Korean BBQ, Tik Tok Restaurant & Bar, Starbucks, local cafes, Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park further supports strong and stable rental demand. With full site control, no HOA complications, and middle housing of this scale increasingly rare under current zoning, this is a turnkey, low maintenance multifamily asset in a high demand SE Portland location. ## Location - **Address:** 3246 SE 115th Ave, Portland, OR 97266 - **County:** Multnomah - **Neighborhood:** Powellhurst-Gilbert - **Coordinates:** 45.498365, -122.544585 - **Google Maps:** https://www.google.com/maps?q=45.498365,-122.544585 ## Listing Agent - **Name:** Darryl Bodle - **Brokerage:** Keller Williams Realty Portland Premiere - **Broker Phone:** (503) 880-4905 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/3246-SE-115th-Ave_Portland_OR_97266_M98301-89937?f=listhub&s=RMLSOR&m=543081098&c=propsimple) ## Photos ![3246 SE 115th Ave - Photo 1](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f4209150605r.jpg) ![3246 SE 115th Ave - Photo 2](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3858041344r.jpg) ![3246 SE 115th Ave - Photo 3](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f1092019405r.jpg) ![3246 SE 115th Ave - Photo 4](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f1445343964r.jpg) ![3246 SE 115th Ave - Photo 5](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f2121714280r.jpg) ![3246 SE 115th Ave - Photo 6](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f1709753837r.jpg) ![3246 SE 115th Ave - Photo 7](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f2754817800r.jpg) ![3246 SE 115th Ave - Photo 8](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3603856211r.jpg) ![3246 SE 115th Ave - Photo 9](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3271500785r.jpg) ![3246 SE 115th Ave - Photo 10](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f105333206r.jpg) ![3246 SE 115th Ave - Photo 11](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3652342722r.jpg) ![3246 SE 115th Ave - Photo 12](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f2990745051r.jpg) ![3246 SE 115th Ave - Photo 13](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3109701262r.jpg) ![3246 SE 115th Ave - Photo 14](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3307287231r.jpg) ![3246 SE 115th Ave - Photo 15](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3964136246r.jpg) ![3246 SE 115th Ave - Photo 16](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f806180744r.jpg) ![3246 SE 115th Ave - Photo 17](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3649930678r.jpg) ![3246 SE 115th Ave - Photo 18](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f3763569590r.jpg) ![3246 SE 115th Ave - Photo 19](http://lh.rdcpix.com/bb966b8600cec11b3f0cb520e6007742l-f2499141155r.jpg) --- **MLS#:** 543081098 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/3246-se-115th-ave-portland-or-97266-32e3d6b2228a46ee820cb79c2c60e0bb) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/3246-se-115th-ave-portland-or-97266-32e3d6b2228a46ee820cb79c2c60e0bb#listing", "url": "https://staging.propertysimple.ai/listing/3246-se-115th-ave-portland-or-97266-32e3d6b2228a46ee820cb79c2c60e0bb", "name": "3246 SE 115th Ave, Portland, OR 97266", "description": "Rare opportunity to acquire a fully completed 15 unit cottage cluster at 3246 SE 115th Ave in Portland's Powellhurst Gilbert neighborhood, purpose built for long term rental performance. 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Proximity to Fubonn Shopping Center, the Jade District, So Kong Dong Korean BBQ, Tik Tok Restaurant & Bar, Starbucks, local cafes, Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park further supports strong and stable rental demand. 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