2737 SE 115th Ave
Portland, OR 97266
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
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. To sweeten the deal, the seller is open to Joint Ventures or offering Seller Carry Terms with an adequate down payment. 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 courtesy of RMLS / eXp Realty, LLC
Last checked:
Checking…
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Last updated Oct 18, 2024
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MLS# 23277729 —
This property is listed in more than one place. See it here.
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
Location
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Directions:DIVISION AND 115TH
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Latitude:45.501986
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Longitude:-122.54612
The Property
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Parcel Number:R215170
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Parcel Number 2:R215171
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Property Type:Land
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Property Subtype:MultiFamily
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Land Description:Level
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Lot Size Range:SqFt20000toAcres1
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Lot Size Acres:0.8
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Lot Size SqFt:34848.0
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Zoning:R5A
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Current Use:Residential
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View:false
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Existing Structures:true
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (503) 886-9156
- Office phone:
- (888) 814-9613
Taxes
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Tax Year:2023
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Tax Legal Description:MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15
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Tax Annual Amount:191.11
The Listing
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Virtual Tour URL Unbranded:https://mandrillapp.com/track/click/30827721/domains.luxvt.com?p=eyJzIjoiQXVzZXJ0ZE9laVI1TFFMakRrYmx2OTNHd3Z3IiwidiI6MSwicCI6IntcInVcIjozMDgyNzcyMSxcInZcIjoxLFwidXJsXCI6XCJodHRwOlxcXC9cXFwvZG9tYWlucy5sdXh2dC5jb21cXFwvbWxzXFxcLzEwNzk2M1wiLFwiaWRcIjpcImE2NzQwZDVhOTExZDQwNWZiODM1ZTlkM2U2ZGEwMjA0XCIsXCJ1cmxfaWRzXCI6W1wiZDhmMDZhMzg0Nzk2ZGQ2MjYxNDFkYzYwNjg5YjEwMjU5ZjBmNTg4NlwiXX0ifQ
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Utilities:ElectricityAvailable,NaturalGasAvailable,SewerConnected,WaterConnected
Schools
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Elementary School:W Powellhurst
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Middle Or Junior School:Ron Russell
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High School:David Douglas
Parking
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Attached Garage:false
Extra Units
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Other Structures:Residence,ToBeTornDown
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/28/23
Nov 28, 2023
|
Price Changed | RMLS | $1,195,000 | -14.6% |
9/12/23
Sep 12, 2023
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Listed / Active | RMLS | $1,400,000 |