3616 SW Vermont St
Portland, OR 97219
Gabriel Park 8 Home Cottage Cluster · Multifamily Property For Sale · 2 Units

A rare SW Portland cottage cluster investment opportunity, this newly built offering includes the two front detached homes at 3616 and 3630 SW Vermont St, each designed with 3 bedrooms and 2.1 bathrooms for a combined total of 6 bedrooms, 4 full bathrooms, and 2 half bathrooms. Both homes are currently vacant and ready for lease up, giving an investor the opportunity to establish new market rents from day one. Designed as detached cottage style residences, the offering provides the privacy, identity, and resident appeal of standalone living while remaining efficient to own and operate. Built by a local boutique builder renowned for attention to detail, elevated finishes, and a thoughtful approach to efficient living, the homes are intentionally scaled for lower maintenance ownership and broad tenant appeal. Interior features include open main level living areas, flexible main floor bedroom or living room options, upstairs bedrooms with tasteful coffered ceilings, walk in closets, laundry, energy efficient mini splits for year round heating and cooling, and 2-10 builder warranty coverage for added confidence. The cottage cluster setting includes individual entries, a central community walkway, bike parking, and distinct cottage inspired features that give the community a polished neighborhood presence. From a retention standpoint, the location is a major strength: Gabriel Park is just steps away, giving residents easy access to 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 feel that can help residents stay connected to daily conveniences close to home. Projected rental income and expenses are pro forma estimates based on anticipated lease up rents and operating assumptions. Buyer to verify all rents, expenses, lease up assumptions, and operating projections.