2737 SE 115TH AVE, Portland, OR 97266
2737 SE 115TH AVE, Portland, OR 97266
2737 SE 115TH AVE, Portland, OR 97266
2737 SE 115TH AVE, Portland, OR 97266
2737 SE 115TH AVE, Portland, OR 97266
2737 SE 115TH AVE, Portland, OR 97266
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Nicole Richards

Nicole Richards

+1(503) 886-9156
Listed by eXp Realty, LLC • 503-886-9156
$ 875,000
Est. payment | /mo

3 Beds

1 Bath

1,230 SqFt

Save
$ 875,000
Est. payment | /mo
Save

3 Beds

1 Bath

1,230 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,230 sqft

Price per Sqft $711

MLS Listing ID 716428779

Style Stories1

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1942

Annual Tax Amount $4,674

Tax Year 2025

Lot Size 0.530 Acres

Property Sub-Type Single Family Residence

Property Description

An extraordinary development opportunity awaits at 2737 SE 115th Ave, Portland, OR! Combination of two tax lots. Currently, only one structure stands, offering the choice to either demolish or maintain for rental income, generating $1,800 per month on a flexible month-to-month lease. You have the option to retain the tenant, securing income while finalizing permits or begin fresh with your vision. Seller can deliver the property vacant if requested. What sets this property apart is the substantial groundwork that's already been completed, saving you valuable time and financial resources. However, the potential doesn't stop there; this property offers more than one avenue for development, with possibilities ranging from 16 to 36 units. Location is key, and this property enjoys a prime position close to Division Street and the Trimet Bus line, ensuring accessibility and convenience. Moreover, the area has seen a surge in new residential infill projects, highlighting its desirability and growth potential. Buyers are encouraged to conduct their due diligence, exploring the many opportunities this property offers. Whether you're an experienced developer or a newcomer to the real estate scene, this property's pre-established groundwork, versatility make it a rare find. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]

Location

State OR

County Multnomah

Area _143

Zoning RA5

Interior

Heating Wall Furnace

Fireplaces Number 1

Exterior

Parking Features Detached

Garage Spaces 2.0

Roof Type Composition

Garage Yes

Building

Lot Description Level

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Senior Community No

Acceptable Financing Cash, Conventional, OwnerWillCarry

Listing Terms Cash, Conventional, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

Nearby Locations

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Nicole Richards
Nicole Richards

REALTOR®, Broker, Investor | Lic# OR 930200328 | AZ SA708210000

+1(503) 886-9156

4800 Meadows Rd. Suite 300, Lake Oswego, OR, 97035-5277

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2737 SE 115TH AVE