6717 SE Gladstone ST, Portland, OR 97206
FOSTER - POWELL · Multnomah County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
2025
Stories
2
Living Area
3,382 sq ft
Lot Size
0.23 acres
Garage Spaces
1
Parking Spaces
1
Zoning
R5
Days on Market
158
MLS® Listing#
402846995
Property Features
Cooling
Heating
Basement
Parking
Lot Features
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Arleta
- Middle:
- Kellogg
- High:
- Franklin
Financial Details
Parcel Number
New Construction
Directions
SE Foster Rd to SE Holgate Blvd to SE 67th to SE Gladstone
Affordability Calculator
$267,980
Estimated monthly payment
$7,132/mo
Principal $1,071,920 · Est. interest $1,495,424 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Portland, OR
- $507,009
- Median Listing Price
- 172
- Median Days on Market
- 1,572
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,279
- Active Listings
- This home’s price is 164% above the area median.
- Its price per sq ft is 21% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Portland, OR.
Location
Points of Interest in Portland, OR
Showing the Portland area map.
Nearby Schools
Bridge City Montessori School
Elementary · 0.2 mi away
Schools Public
School · 0.3 mi away
Multnomah Education Service District
School · 0.3 mi away
Mt Scott Learning Center
Elementary · 0.3 mi away
Kellogg Middle School
Secondary · 0.4 mi away
Arleta Elementary School
Elementary · 0.5 mi away
Little Hands Garden School
School · 0.6 mi away
Marysville Elementary School
Elementary · 0.7 mi away
Franklin High School
Secondary · 0.9 mi away
Sweet Day Community School
School · 0.9 mi away
Creston K-5 School
Elementary · 1.0 mi away
Atkinson Elementary School
Elementary · 1.0 mi away
Sunstone Montessori School
Elementary · 1.2 mi away
St Ignatius School
Secondary · 1.2 mi away
The Village Freeschool
School · 1.3 mi away
The Earth Tortoise School
School · 1.3 mi away
Harrison Park Middle School
Elementary · 1.3 mi away
Columbia School of English
School · 1.3 mi away
Bridger Elementary School
Elementary · 1.3 mi away
Woodmere Elementary School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4786 SW ELM LN, Portland, OR | $944,800 | 4 | 3 | 3,334 |
| 1021 SE 37TH AVE, Portland, OR | $945,000 | 4 | 2 | 2,884 |
| 2901 NW 114th TER, Portland, OR | $947,500 | 5 | 4 | 3,085 |
| 5802 NW BANNISTER DR, Portland, OR | $948,000 | 6 | 4 | 3,387 |
| 6533 SW 34TH AVE, Portland, OR | $949,000 | 5 | 4 | 5,710 |
| 13053 NW LOMBARDY DR, Portland, OR | $949,000 | 5 | 3 | 3,688 |
Moving Cost Estimate
EXIT Agents in Portland
Listing Courtesy: Keller Williams Realty Portland Premiere - 503-709-4632
Presented by: Darryl Bodle
Last Updated: 2025-10-16