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.