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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 869,900
Est. payment | /mo
2,181 SqFt
$ 869,900
Est. payment | /mo
2,181 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,181 sqft
Price per Sqft $398
Subdivision Foster - Powell
MLS Listing ID 402846995
Year Built 2025
Tax Year 2025
Property Description
Welcome to Gladstone St Cottages, a unique investment opportunity in SE Portland comprised of two fully detached new construction homes. Constructed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the cottages reflect efficient design and quality craftsmanship. The portfolio includes one 3 bedroom, 2.5 bathroom cottage and one 2 bedroom, 2.5 bathroom cottage, with square footage ranging from approximately 980 to 1,201 square feet. Designed to meet modern renter demand, the cottages feature open great room layouts on the main level, abundant natural light, and dedicated laundry spaces upstairs, along with separately metered utilities that support efficient operations and predictable expense control. Energy efficient mini split systems provide heating and cooling, while a landscaped shared outdoor space enhances curb appeal, tenant privacy, and overall livability, supporting long term tenant retention. Positioned directly across from Kern Park, the property offers immediate access to green space, recreation, and neighborhood connectivity, a highly desirable amenity for tenants. Located in the Foster Powell neighborhood, one of SE Portland's most consistently sought after rental areas, the property benefits from strong tenant demand driven by proximity to dining and retail along Foster and Woodstock, as well as convenient access to Division Clinton, downtown Portland, and I-205. This offering supports multiple strategies including long term hold or alternative rental approaches such as furnished or mid term housing, subject to buyer verification. Detached new construction cottages in a supply constrained SE Portland location create a flexible investment opportunity positioned for durable income and future upside.
Location
State OR
County Multnomah
Area _143
Zoning R5
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Arleta
Middle Schools Kellogg
High Schools Franklin
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
