$875000
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3 Bed
-
1 Bath
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1230 SqFt
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1 DOM
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Built: 1942
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Status: Active
Love this home?
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]
Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC
General Information
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716428779
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SingleFamilyResidence
-
1 DOM
-
3
-
0.53 acres
-
1
-
1230
-
1942
-
RA5
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Multnomah
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R215171
-
W Powellhurst
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Ron Russell
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David Douglas
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Residential
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SingleFamilyResidence
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MCGREWS TR, BLOCK 2, LOT 16
Listing Provided Courtesy of Nicole Richards, eXp Realty, LLC
PDXA1 Realty Group data last checked: Mar 14, 2026 02:49 | Listing last modified Mar 13, 2026 12:54,
Source:
Residence Information
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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
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.
PDXA1 Realty Group data last checked: Mar 14, 2026 02:49 | 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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Venkat is a very good negotiator. He was quick to respond, when I had questions. He came to all the meetings with the seller and provided valuable inputs on inspections and mortgage options. Overall, I was impressed and would love to work with him again.
— Jagathishp
Venkat is very professional and has tremendous knowledge in the real estate industry. He was always available to discuss and made time to visit the construction site several times during the course. I was looking at a new construction and had to wait for the property to be built.
— Vignesh Chan
Muthu has good knowledge about the community and understands the needs of his customers. He helped us sell our house in record time and followed up with the buyer and the agent until the complete closure. We received multiple offers and Muthu negotiated well and helped us decide on the buyer.
— Praveen
Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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Thinking about buying or selling. Let’s Talk.
Whether you’re looking to buy your dream home, sell your property for the best price, or explore investment opportunities, PDXA1 Realty Group is here to help. With expertise, personalized service, and a commitment to your goals, we’ll guide you every step of the way. Contact us today at (971) 330-1856 let’s start the conversation!
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