# 2737 SE 115TH Ave, Portland, OR 97266

> **TL;DR:** 3bd/1ba single family, $875,000 ($711/sqft), built 1942, 1,230 sqft. Est. $3,792/mo. Listed 28 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $875,000 |
| Price/sqft | $711 |
| Bedrooms | 3 |
| Bathrooms | 1 full |
| Square Feet | 1,230 |
| Year Built | 1942 |
| Lot Size | 23,087 sqft (0.53 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 28 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,792 |
| **Total** | **$3,792** |

## Nearby Schools

- **Elementary:** W Powellhurst
- **Middle:** Ron Russell
- **High:** David Douglas

## Property Highlights

- Built in 1942
- 0.53 acre lot

## Description

### Agent 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 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

## Location

- **Address:** 2737 SE 115TH Ave, Portland, OR 97266
- **County:** Multnomah
- **Coordinates:** 45.501986, -122.54612
- **Google Maps:** https://www.google.com/maps?q=45.501986,-122.54612

## Listing Agent

- **Name:** Nicole Richards
- **Brokerage:** eXp Realty, LLC
- **Phone:** 5038869156
- **Email:** nicole@nextphaseinvesting.com

## Primary Photo

![2737 SE 115TH Ave - Primary Photo](http://lh.rdcpix.com/0ac2b229e1ad23c8676a84b1b9793401l-f870098498r.jpg)

*23 total photos available on [listing page](https://www.propertysimple.com/listing/2737-se-115th-ave-portland-or-97266-16428779)*

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**MLS#:** 716428779 | **Updated:** 2026-04-27
**Source:** listhub

*Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/2737-se-115th-ave-portland-or-97266-16428779)

---

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