2737 SE 115th AVE

Portland, 97266

  • 2 Bed

  • 1 Bath

  • 1230 SqFt

  • 411 DOM

  • Built: 1948

  • Status: Active

$1,195,000

X

2737 SE 115th AVE

Portland 97266

$1195000

  • 2 Bed

  • 1 Bath

  • 1230 SqFt

  • 411 DOM

  • Built: 1948

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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 li

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Residence Information

  • 246

  • 984

  • 0

  • 1230

  • Trio

  • 1230

  • 1/Gas

  • 2

  • 1

  • 0

  • 1

  • Composition

  • 2, Detached

  • Stories1

  • Driveway,OffStreet

  • 1

  • 1948

  • Yes

  • LapSiding

  • RVParking

Features and Utilities

  • WallFurnace

  • PublicSewer

  • Electricity

Financial

  • 4240.91

  • 0

  • Cash,Conventional,OwnerWillCarry

  • 09-13-2023

  • 1800

  • No

  • No

Comparable Information

  • 411

  • 634

  • Cash,Conventional,OwnerWillCarry

  • $1,400,000

  • $1,195,000

  • Oct 28, 2024 00:54

Schools

Elementary : W Powellhurst N/A Ratings
Middle : Ron Russell N/A Ratings
High : David Douglas N/A Ratings

Map

Listing courtesy of eXp Realty, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Jun 08, 2025 09:40 | Listing last modified Oct 28, 2024 00:54. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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