415 Se 94TH Ave, Portland, OR 97216

$499,000 Asking Price

3 beds
2 baths
2,157  sqft
Built in 1945

Prime investment opportunity with unbeatable location and versatility for commercial or multifamily development. This property offers immediate income potential—live in or lease out the charming existing home while navigating the approval process for future development. Its positioning promises solid appreciation potential, making it ideal for savvy investors seeking long-term growth in a high-demand area. Sellers offering RATE BUYDOWN with an acceptable offer. Hop, skip & a jump to all things Montavilla with updated kitchen, newer vinyl windows & newer roof. Move in to this Montavilla gem on large, dividable lot near multiple freeways, both Mall 205 and Montavilla shops, restaurants, movie theatre and more. Near Mount Tabor Park trails, dog park, playground, volleyball, basketball and tennis courts, and home of the infamous Adult Soapbox Derby held annually in August. Updated kitchen with granite countertops, new cabinetry, newer appliances, and tile floor open to dining with granite buffet and matching cabinetry, and living room with true hardwood floors under vinyl flooring and wood burning fireplace. Two main level bedrooms plus a 3rd bedroom or bonus on upper level. A full basement with family room and/or entertainment space with bar, laundry, washer & dryer, and tons of storage are needed. Main level access to covered deck, newer hot tub, and huge, fenced backyard with tool shed. Two separate detached garages and RV parking. Newer mechanicals. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231485]

Features & Amenities

Interior

General:
Floor 3 rd, Ceiling fan, Granite, Hardwood floors, Laminate flooring, Laundry, Tile floor, Wallto wall carpet, Washer dryer
Appliances:
Dishwasher, Free standing range, Free standing refrigerator, Granite, Tile
Basement:
Finished, Full basement
A/C:
Central air
Heating:
Forced air
Fireplace:
Wood burning, Fireplace, Fireplaces: 1

Exterior

General:
Wood siding, Builtin hot tub, Covered deck, Deck, Fenced, Garden, Outbuilding, Rv parking, Tool shed, Yard
Style:
Capecod
Parking:
Driveway, Parking spaces: 2

Construction

Roofing:
Composition
Windows:
DoublePaneWindows,VinylFrames

Location

Road/Access:
Paved
Originating MLS:
Regional Multiple Listing Service, Inc.
County:
Multnomah

Lot

Zoning:
CM2, SECTION 33 1N 2E, TL 4700 0.28 ACRES, R319516

Utilities

Water:
Public Water
Sewer:
Public Sewer

Financial

Source:
Regional Multiple Listing Service, Inc.

This listing courtesy of:
Keller Williams Realty Portland Premiere, Tracy Brophy

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.

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