2737 SE 115th Ave, Portland, OR 97266
Local realty services provided by:CENTURY 21 Northstar
Listed by: nicole richards
Office: exp realty, llc.888-814-9613
MLS#:487259976
Source:PORTLAND
Price summary
- Price:$875,000
About this home
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. Seller participating in a 1031 exchange at no expense to the buyer. Whether you're an experienced developer or a newcomer to the real estate scene, this property's pre-established groundwork, versatility, and flexible terms make it a rare find. Seize the chance to shape your vision into reality!...
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Home facts
- Listing ID #:487259976
- Added:100 day(s) ago
- Updated:June 22, 2026 at 03:31 PM
Structure and exterior
- Lot area:0.8 Acres
Schools
- High school:David Douglas
- Middle school:Ron Russell
- Elementary school:W Powellhurst
Utilities
- Water:Water Connected
- Sewer:Sewer Connected
Finances and disclosures
- Price:$875,000
- Tax amount:$208 (2025)
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