2737 SE 115th Ave, Portland, OR 97266

Portland
Local realty services provided by:Knipe Realty ERA Powered
2737 SE 115th Ave,Portland, OR 97266
$875,000
Virtual Tour
  • 0.8 Acres
  • Lots / Land
  • Active
Listed by: nicole richards
Office: exp realty, llc.
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...

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Home facts

  • Listing ID #:487259976
  • Added:1 day(s) ago
  • Updated:March 14, 2026 at 03:27 AM

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)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Knipe Realty ERA Powered are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: March 14, 2026

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