3614 SW Vermont ST
Portland, OR, 97219 $ 869,900
Bedrooms3 Baths3.0 Sq 1,832 Monthly Estimate*
$ 5,493
for $869,900 with 3 bedrooms and 3 full baths. This 1,832 square foot home was built in 2026.
A rare SW Portland cottage cluster investment opportunity, this newly built offering includes two front detached homes, each with 3 bedrooms and 2.1 bathrooms, for a combined 6 bedrooms, 4 full bathrooms, and 2 half bathrooms. Both homes are vacant and ready for lease up, allowing an investor to establish new market rents from day one. Detached cottage style residences provide the privacy, identity, and tenant appeal of standalone living while remaining efficient to own and operate. Built by a local boutique builder renowned for elevated finishes, signature millwork, and exceptional architectural detailing that gives every home a custom feel. Where elevated craftsmanship becomes everyday living. Intentionally scaled for lower maintenance ownership, the homes feature open main level living areas and flexible main floor bedrooms that can also serve as offices, dining rooms, or additional living spaces. Upstairs bedrooms feature tasteful coffered ceilings, while walk in closets, laundry, energy efficient mini splits for year round heating and cooling, and 2-10 Builder Warranty coverage add comfort and confidence. Individual entries, a central community walkway, bike parking, and cottage inspired details give the community a polished neighborhood presence. Gabriel Park is just steps away, offering trails, open green space, sports courts, a dog area, playground, and everyday recreation without needing to drive. Nearby Multnomah Village adds coffee, dining, shops, bakeries, neighborhood services, and a recognizable village atmosphere that keeps daily conveniences close to home. Together, these amenities create a compelling setting for tenant attraction and retention. Projected rental income and expenses are pro forma estimates based on anticipated lease up rents and operating assumptions. Buyer to perform all due diligence regarding projected rental cash flow.
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FeaturesGeneralSewer PublicSewer
Heating MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning R7
Garage Spaces 0
Security Features Sidewalk
Year Built 2026
Stories Count 2
Parcel Number New Construction
Gross Income 0
County Multnomah
Net Operating Income 0
Operating Expense 0
Property Type MultiFamily
HOA N
Subdivision Name MULTNOMAH
Rent Includes None
Status Active
Directions SW Capitol Hwy to SW Vermont St east on SW Vermont to property at SW Vermont and SW 36th Ave.
High School Ida B Wells
City Portland
Disclosures Exempt
Number Of Units Total 2
MLS Area _148
Listing Terms Cash Conventional
Elementary School Maplewood
Tax Annual Amount 0
Middle/Junior High School Jackson
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=4ccPjeY8sYU
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description TBD
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InteriorBasement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 3
Unit Type UnitTypeType1
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ExteriorParking Features OnStreet
Lot Features Level PublicRoad
Water Source PublicWater
Total Parking 0
Exterior Description BoardBattenSiding CementSiding LapSiding ShakeSiding
Foundation Details ConcretePerimeter StemWall
Building Area Total 1832.0
Lot Dimensions TBD Via MHLD Plat
Road Surface Type Paved
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* Excluded FeaturesList ByKeller Williams Realty Portland PremiereBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,493
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Portland, OR
Average List Price $1,469,477
Percent of Sale Price 69%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
3254086 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/12/2026 | $869,900 | -1.14% | Price Down |
| 5/18/2026 | $879,900 | -72.76% | Price Down |
| 5/12/2026 | $3,229,900 | | Listed Price |