$1,349,900
NEW CONSTRUCTION $490K PRICE DROP

Estimated payment $8,740/month

Total Views 876
6 Beds
9 Baths
4,153 Sq Ft
$325 Price per Sq Ft

Highlights

  • New Construction
  • Corner Lot
  • Mini Split Heat Pump
  • View of Trees or Woods
  • Cooling Available
  • 3-minute walk to Portsmouth Park

About This Home

Welcome to This Light-Filled Three-Cottage Property in University Park - Nestled in Portland’s charming University Park neighborhood, this thoughtfully designed three-unit, multi-family property features four detached, contemporary cottages—each offering a serene and stylish living experience. Perfect for homeowners, investors, or those seeking multi-generational living, these homes are filled with natural light, high ceilings, and modern comforts. Each two-bedroom, two-and-a-half-bath cottage offers a spacious great room floor plan that seamlessly connects the living, dining, and kitchen areas—ideal for entertaining or relaxed everyday living. Large picture windows flood the interiors with sunlight, enhancing the open and uplifting atmosphere. The gourmet kitchens are equipped with stainless steel appliances, solid surface countertops, custom cabinetry, and peninsula islands with eating bars—blending practicality with modern elegance. Designer light fixtures and tile backsplashes add a touch of sophistication to every space. Upstairs, each cottage includes a serene primary suite with a private ensuite bath, a second bedroom and full bath, and a convenient laundry station tucked away for efficiency and ease. Outside, each unit enjoys a gracious yard or outdoor retreat—perfect for morning coffee, gardening, or simply enjoying the fresh Portland air. The property is located in a quiet, tree-lined neighborhood just minutes from parks, local cafes, and the vibrant energy of the nearby University of Portland. With easy access to public transit, residents can quickly connect to the rest of the city. This unique multi-family opportunity offers more than just investment potential—it provides four welcoming homes in one of Portland’s most storied neighborhoods.

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 06/05/2025

Keller Williams Realty Portland Premiere

Co-Listing Agent

Kelly Christian

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Cement Siding

Interior Spaces

  • 4,153 Sq Ft Home
  • 2-Story Property
  • Views of Woods

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 9 Bathrooms

Schools

  • Astor Elementary And Middle School
  • Roosevelt High School

Utilities

  • Cooling Available
  • Mini Split Heat Pump
  • Electric Water Heater

Community Details

  • 3 Units
  • University Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number New Construction

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 2025
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Lot Size Range: SqFt0Kto2999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 0K to 2,999 SqFt
  • View: Yes
  • Lot Features: CornerLot, Level
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling: MiniSplit
  • Cooling Y N: Yes
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Astor
  • High School: Roosevelt
  • Middle Or Junior School: Astor

Lot Info

  • Zoning: R2.5
  • Parcel #: New Construction

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
  • Number Of Units Total: 3

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $1,349,900 -26.6% $325 / Sq Ft
06/05/2025 06/05/25 For Sale $1,839,900 -- $443 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 295281961

Regional Multiple Listing Service (RMLS)