2737 SE 115th AVE

Portland, OR 97266 View Map $1,195,000 Schedule a Tour
Beds2
Baths1
Sq.Ft.1,230
Year1948

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(323) 678-9004

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Status: Active
Property Type:Single Family Residence
MLS #:23346998
Sq. Feet:1,230
On Site:149 Days
Lot Size:0.8 Acres
County:Multnomah
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. To sweeten the deal, the seller is open to Joint Ventures or offering Seller Carry Terms with an adequate down payment. 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! See Listing #23277729 [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]

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Price Change History

Date Old Price New Price Percent Change
11/28/2023$1,400,000$1,195,000-14.6%

Community Information

Address:2737 SE 115th AVE, Portland, OR 97266
County:Multnomah
Zip Code:97266

School Information

School System:W Powellhurst
High School:David Douglas
Middle School:Ron Russell
Elementary School:W Powellhurst

Architecture

Bedrooms: 2
Bathrooms: 1
Year Built:1948
Stories:1
Style:1 Story
Roof: Composition
Garage Spaces: 2.0
Garage Type: Detached
Parking Features: Driveway, Off Street

Features / Amenities

Siding: Lap Siding
Heating: Wall Furnace
Fuel: Electricity
Total Rooms:5

Rooms

LevelSizeFeaturesDescription
2nd BedroomMain
Primary BedroomMain

Property Features

Lot Size: 0.8 Acres
Lot Features: Level
Lot Size Range: 20, 000 SqFt to .99 Acres
Sewer: Public Sewer
Water: Public Water
Road Surface: Paved
Zoning:RA5
Directions:115th and Division

Tax and Financial Info

Tax Year: 2022
Tax Annual Amount: $4,240.91
Listing Terms: Cash, Conventional, Owner Will Carry
Legal Description: MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15
HOA: No

Listing Office

Listing provided courtesy of Exp Realty, LLC ([email protected]).

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2737 SE 115th AVE Portland,  OR 97266
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2737 SE 115th AVE Portland, OR 97266
 
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Property Details for 2737 SE 115th AVE

This 2-bedroom / 1-bathroom single family residence for sale sits in the neighborhood of Portland in Multnomah County. The interior size of the home is 1230 square feet, and the parcel is approximately 0.8 acres. The current asking price is $1,195,000. The property at 2737 SE 115th AVE represents an excellent opportunity for homebuyers to own a home in Portland. Refer to the stats further down this page for additional information regarding the home at 2737 SE 115th AVE. Other data includes interior features, exterior features, estimated taxes, HOA dues (when applicable), map location, and more.

Buying 2737 SE 115th AVE

If you'd like to see 2737 SE 115th AVE in person, our Portland real estate agents will gladly arrange a private tour. Please call RubyHome Northwest at (323) 678-9004 today or send us a note.

If you are selling a home near 2737 SE 115th AVE, our Portland Realtors® can provide up-to-date Portland real estate market information and local insights to help you price your home appropriately. From there, we will market it aggressively to prospective buyers.