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
Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC
General Information
23277729
MultiFamily
412
DOM
0.8 acres
R5A
Multnomah
R215170
W Powellhurst
Ron Russell 6/10
David Douglas
Land
MultiFamily
MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15
Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC
Krishna Realty data last checked: Jun 19, 2025 22:24 | Listing last modified Oct 28, 2024 00:54,
Source:
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
