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,… Read More 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] Read Less
Listing courtesy of eXp Realty, LLC.
Listing Snapshot
Days Online
4
Last Updated
Property Type
SingleFamilyResidence
Beds
3
Full Baths
1
Square Ft.
1,230
Lot Size
0.53 Acres
Year Built
1942
MLS Number
716428779
30 Days Snapshot Of 97266
$415k
+5%
(avg) sold price
18
+12%
homes sold
65
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Architectural Style: Stories1, Building Area Calculated: 1230, Building Area Description: Trio, Building Area Total: 1230, Built in 1942, Main Level Area Total: 984, RV Description: RVParking, Stories: 1, Upper Level Area Total: 246
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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