Property Description

Welcome to Gladstone St Cottages, a rare multifamily investment opportunity in SE Portland comprised of three fully detached new construction residences. The portfolio includes two 3 bedroom, 2.5 bathroom homes and one 2 bedroom, 2.5 bathroom home, with square footage ranging from approximately 980 to 1,201 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.