Know someone buying a home?
Don’t let your Veteran and military friends miss out on the opportunity to discover this home!
23
Photos
2737 Se 115th Ave, Portland, OR 97266
$1,195,000 Asking Price
$---/mo Est. Payment Get Prequalified »
2
beds
1
bath
1,230
sqft
Built in
1948
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! See Listing #23277729 [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10222321]
Features & Amenities
Interior
- Heating:
- Wall furnace
- Fireplace:
- Fireplace, Fireplaces: 1
Exterior
- General:
- Lap siding
- Style:
- Stories 1
- Parking:
- Driveway, Off street, Parking spaces: 2
Construction
- Roofing:
- Composition
Location
- Road/Access:
- Paved
- Originating MLS:
- Regional Multiple Listing Service, Inc.
- County:
- Multnomah
Lot
- Zoning:
- RA5, MCGREWS TR, BLOCK 2, W 156.6' OF LOT 15, R215170
Utilities
- Water:
- Public Water
- Sewer:
- Public Sewer
Financial
- Source:
- Regional Multiple Listing Service, Inc.
This listing courtesy of:
eXp Realty, LLC, Nicole Richards
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
Powered by
Ready to get started? Get prequalified »
About Portland, OR
Housing
- Number of Units
- 428,822
- Median Home Value
- $473,531
- Median Rent
- $1,251
43.72% of housing units are renter occupied.
5.89% are vacant.
Commute
- Car
-
46.63%
- Public Transportation
-
6.64%
- Walk to Work
-
3.11%
- Work from Home
-
40.47%
- Other
-
0.60%
The median travel time to work is 17 minutes.
People
- Population
- 933,432
- Median Age
- 38.50
- Median Household Size
- 2.55
Education
- High School
-
15.24%
- Associate’s Degree
-
6.78%
- Bachelor’s Degree
-
30.17%
- Graduate Degree
-
20.64%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
Interested in this home?
Request more information:
