2737 SE 115TH AVE

Portland, 97266

  • 3 Bed

  • 1 Bath

  • 1230 SqFt

  • 1 DOM

  • Built: 1942

  • Status: Active

$875,000

X

2737 SE 115TH AVE

Portland 97266

$875000

  • 3 Bed

  • 1 Bath

  • 1230 SqFt

  • 1 DOM

  • Built: 1942

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

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. Whether you're an experienced developer or a newcomer to the real estate scene, this property's pre-established groundwork, versatility make it a rare find. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]

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Residence Information

  • 246

  • 984

  • 0

  • 1230

  • Trio

  • 1230

  • 1/Gas

  • 3

  • 1

  • 0

  • 1

  • Composition

  • 2, Detached

  • Stories1

  • Driveway,OffStreet

  • 1

  • 1942

  • Yes

  • LapSiding

  • RVParking

Features and Utilities

  • WallFurnace

  • PublicSewer

  • Electricity

Financial

  • 4674.13

  • 0

  • Cash,Conventional,OwnerWillCarry

  • 03-13-2026

  • 1800

  • No

  • No

Comparable Information

  • 1

  • 1

  • Cash,Conventional,OwnerWillCarry

  • $875,000

  • $875,000

  • Mar 13, 2026 12:54

Schools

Elementary : W Powellhurst N/A Ratings
public Middle : Ron Russell 6/10 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. Krishna Realty data last checked: Mar 14, 2026 01:36 | Listing last modified Mar 13, 2026 12:54. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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