2737 Southeast 115th Avenue

2737 Southeast 115th Avenue

Portland, OR 97266

$1,195,000
Price
34,848 / 0.8
Lot Size / Acres

Description

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...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!
  1. Listed by Nicole Richards • eXp Realty, LLC • 503-886-9156

Property Details for 2737 Southeast 115th Avenue

Zoning
R5A

Location

Listing Courtesy of eXp Realty, LLC
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LISTING UPDATED: 04/30/2024 02:56 AM

Property Details for 2737 Southeast 115th Avenue

StatusActive
MLS #23277729
Days on Market231
Taxes$181 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Multi Family
Year Built-
Lot Size0.80 AC
CountyMultnomah County

Location

Listing Courtesy of eXp Realty, LLC
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Building Information for 2737 Southeast 115th Avenue

Building Size-Lot Size0.80 AC

Payment Calculator

$6,537 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,522

Property Taxes

$15

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2737 Southeast 115th Avenue

Summary
Location and General Information
  • Country: US
  • Directions: DIVISION AND 115TH
  • Road Surface: Paved
School Information
  • Elementary School: W Powellhurst
  • High School: David Douglas
  • Middle Or Junior School: Ron Russell
Taxes and HOA
  • Tax Year: 2022
  • Tax Annual Amount: $181.30
  • Parcel Number: R215170
  • Parcel Number 2: R215171
  • Tax Legal Description: MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15
Property
Lot Information
  • Acres: 0.8
  • Lot Size Square Feet: 34848.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Sub Type: Multi Family
  • Property Type: Land

Public Records for 2737 Southeast 115th Avenue

Taxable ValueLand-Additions-Total-
Tax Record2023$4,283 ($357 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,248 SqFtAbove Grade Finished SqFt1,248 SqFtStories1Lot Size23,025 SqFtStyleSingle Family ResidenceYear Built1942ZoningR5ACountyMULTNOMAHAPN1S2E10AB 04900Fireplace TypeHas Fireplace

Schools near 2737 Southeast 115th Avenue

This home is within David Douglas School District 40.
Rating
School
Type
Grades
Distance
West Powellhurst Elementary School
Public - K to 5
Ron Russell Middle School
Public - 6 to 8
David Douglas High School
Public - 9 to 12
Arthur Academy
Charter - K to 5
Rating
School
Distance
West Powellhurst Elementary School
PublicK to 5

Ron Russell Middle School
Public6 to 8

David Douglas High School
Public9 to 12

Arthur Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2737 Southeast 115th Avenue, Portland, OR 97266

2737 Southeast 115th Avenue is a 0.8 ac of land for sale in Portland, OR 97266. This property was listed for sale on September 12, 2023 by eXp Realty, LLC, it's currently listed at $1,195,000. This listing's school district is David Douglas School District 40. Nearby schools include West Powellhurst Elementary School, Ron Russell Middle School and David Douglas High School. 2737 Southeast 115th Avenue is a 0-bed, 0-bath, 0.8 ac of land on a 34,848 sq. ft. / 0.8 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty, LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/30/2024 02:56 AM