$875000

Bed
Bath
SqFt
30 DOM
Built:
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. 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!

Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC

General Information

MLS #487259976
TypeMultiFamily
Days on Market 30 DOM
Beds
Lot Size 0.8 acres
Baths
SqFt
Year built
ZoningR5A
CountyMultnomah
Tax IDR215170
ElemW Powellhurst
MiddleRon Russell 6/10
HighDavid Douglas
PropCategoryLand
PropTypeMultiFamily
Neighborhood (Legal)MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15

Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC

Krishna Realty data last checked: Apr 12, 2026 06:31 | Listing last modified Mar 13, 2026 12:54, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt
SFSrc
TotUp/Mn
Fireplaces
Bdrms
Full Bath
Partial Bath
Total Bath
Roof
Garage
Style
Parking
Levels
Year Built
Green CertNo
Energy Eff
Exterior
Bsmt/Fnd
RV
URM
Basement
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
Water
Heat
Sewer
Hot Water
Fuel

Financial

PTax/Yr208.45
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash,Conventional,OwnerWillCarry,SellerEquityShare
List Date03-13-2026
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 30
CDOM 30
Sold Date
TermsCash,Conventional,OwnerWillCarry,SellerEquityShare
Original Price$875,000
List Price$875,000
Sold Price
Last ModifiedMar 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: Apr 12, 2026 06:31 | 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.

2737 SE 115TH AVE

$875,000