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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$1,799,900
Est. payment /mo
4,583 SqFt
Price Dropped by $30K
6717 SE Gladstone ST Portland, OR 97206
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,583 sqft
Price per Sqft $392
Subdivision Foster - Powell
MLS Listing ID 402846995
Year Built 2025
Tax Year 2025
Property Description
Welcome to Gladstone St Cottages, a rare multifamily investment opportunity in SE Portland comprised of four fully detached new construction residences. The portfolio includes three 3 bedroom, 2.5 bathroom homes and one 2 bedroom, 2.5 bathroom home, with square footage ranging from approximately 980 to 1,225 square feet. Designed to meet modern renter demand, the homes feature spacious great room layouts on the main floor, dedicated laundry spaces upstairs, and separately metered utilities that support efficient operations and predictable expense control. Energy efficient mini split systems provide heating and cooling throughout, while a landscaped shared courtyard enhances curb appeal, tenant privacy, and overall livability, supporting tenant retention and long term rental stability. Constructed by a multi-year Street of Dreams builder and Builder of the Year award winner by the Home Building Association, the homes reflect thoughtful design and quality craftsmanship. The property sits directly across the street from Kern Park, providing immediate access to green space, recreation, walking paths, and neighborhood gathering space, a highly valued amenity for tenants seeking outdoor access close to home. Located in the Foster Powell neighborhood, one of SE Portland's most consistently desirable rental areas, the property benefits from strong tenant demand driven by walkability, nearby dining and retail along Foster and Woodstock, and convenient access to Division & Clinton, downtown Portland, and I-205. This turn key portfolio supports multiple investment strategies including long term hold or alternative rental approaches such as furnished or mid term housing, subject to buyer verification. Detached new construction homes in a supply constrained SE Portland location create a flexible investment opportunity positioned for durable income, strong long term tenant demand, and future upside potential.
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
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