3246 SE 115th Ave, Portland, OR 97266

16 Detached Cottage Homes
Rare opportunity to acquire a fully completed 16 unit cottage cluster with no shared walls, offering strong renter appeal and a differentiated multifamily product type.

Built by a Multi Year Street of Dreams Builder
Constructed by a multi year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, supporting long term quality and marketability.

Desirable Unit Mix
Well balanced mix of 2 bedroom, 2.1 bathroom and 3 bedroom, 2.1 bathroom homes ranging from 894 to 970 sqft, appealing to a broad renter pool.

Individually Metered Units
Each home is individually metered, allowing efficient utility cost allocation and cleaner expense management.

New Construction, Low Maintenance Asset
Modern construction and systems help reduce near term capital expenditure exposure compared to older vintage multifamily properties.

Mini Splits for Heat and AC
Energy efficient mini splits provide heating and cooling in every home, improving tenant comfort while helping control operating costs.

Detached Home Living Experience
Private patios and no shared walls create a more residential feel than traditional apartments, supporting tenant demand and retention.

Turnkey Lease Up Opportunity
Fully completed community ready for lease up, giving investors the ability to stabilize a brand new asset in a supply constrained housing segment.

Rare Middle Housing Scale
Middle housing communities of this size are increasingly rare under current zoning, creating scarcity value and long term investment appeal.

Off Street Parking
Includes five off street parking spaces, an added amenity that supports leasing and tenant convenience.

Strong SE Portland Location
Located in Powellhurst Gilbert near Fubonn Shopping Center, the Jade District, Raymond Park, Gilbert Heights Park, and Powell Butte Nature Park, with convenient access to shopping, dining, and recreation.