2821 SE 115th Ave, Portland, OR 97266

Portland
Local realty services provided by:Columbia River Realty ERA Powered
2821 SE 115th Ave,Portland, OR 97266
$619,950
Virtual Tour
  • - Beds
  • - Baths
  • 1,838 sq. ft.
  • Multi-family
  • Active
Listed by: kelly asmus
Office: berkshire hathaway homeservices nw real estate503-907-2280
MLS#:125336922
Source:PORTLAND

Price summary

  • Price:$619,950
  • Price per sq. ft.:$337.3

About this home

Beautifully remodeled and incredibly versatile, this rare half-acre property features two separate single-level residences with outstanding income and future development potential. The main home offers 3 beds and 1 bath with a remodeled kitchen, updated finishes, comfortable one-level living and A/C. The detached ADU includes 2 beds and 1 bath, remodeled and move-in ready — ideal for rental income, multigenerational living, guest quarters, or owner-occupancy with supplemental income. Both homes include fridges and w/ds, making this a truly turnkey opportunity for homeowners and investors alike. Strong existing rental performance with rentometer.com est average rents of approx. $2,167/month for the 3-bed and $1,615/month for the 2-bed ADU creates immediate income potential. BONUS: The 1/2 lot creates additional possibilities rarely found in Portland. The rear portion of the property may allow space for an additional detached ADU, while the full site offers exciting future redevelopment...

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Home facts

  • Year built:1942
  • Listing ID #:125336922
  • Added:1 day(s) ago
  • Updated:May 14, 2026 at 12:24 PM

Rooms and interior

  • Basement Description:Crawl Space
  • Living area:1,838 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1942
  • Building area:1,838 sq. ft.
  • Lot area:0.53 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter
  • Levels:1 Story

Schools

  • High school:David Douglas
  • Middle school:Ron Russell
  • Elementary school:W Powellhurst

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$619,950
  • Price per sq. ft.:$337.3
  • Tax amount:$5,622 (2025)

Parking

  • Parking description:Driveway, RV Access Parking
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 Columbia River 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: May 14, 2026

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