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Listed by eXp Realty, LLC • 503-886-9156

$875,000

Est. payment - /mo

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0.8 Acres Lot

New

2737 SE 115TH AVE Portland, OR 97266

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Nancy Kelly

nancy@nancykellyhomes.com +1(503) 805-5887

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 487259976

HOA Y/N No

Annual Tax Amount $208

Tax Year 2025

Lot Size 0.800 Acres

Property Sub-Type Multi Family

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. 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!

Location

State OR

County Multnomah

Area _143

Zoning R5A

Exterior

Utilities Available ElectricityAvailable, NaturalGasAvailable, SewerConnected, WaterConnected

Garage No

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, OwnerWillCarry, SellerEquityShare

Listing Terms Cash, Conventional, OwnerWillCarry, SellerEquityShare

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Regional Multiple Listing Service (RMLS)

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Nancy Kelly

Broker | License ID: 880300070

+1(503) 805-5887

2737 SE 115TH AVE Portland, OR 97266

Nancy Kelly

Key Details

Location

Exterior

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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2737 SE 115TH AVE