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
23346998
SingleFamilyResidence
411
DOM
2
0.8 acres
1
1230
1948
RA5
Multnomah
R215170
W Powellhurst
Ron Russell 6/10
David Douglas
Residential
SingleFamilyResidence
MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15
Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC
Krishna Realty data last checked: Jul 21, 2025 05:13 | Listing last modified Oct 28, 2024 00:54,
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Residence Information
246
984
0
1230
Trio
1230
1/Gas
2
1
0
1
Composition
2, Detached
Stories1
Driveway,OffStreet
1
1948
Yes
LapSiding
RVParking
Features and Utilities
WallFurnace
PublicSewer
Electricity
Financial
4240.91
0
Cash,Conventional,OwnerWillCarry
09-13-2023
1800
No
No
Comparable Information
411
677
Cash,Conventional,OwnerWillCarry
$1,400,000
$1,195,000
Oct 28, 2024 00:54
Schools
Elementary : W PowellhurstN/ARatingspublic Middle : Ron Russell
6/10Ratings High : David DouglasN/ARatings
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
