$1,195,000 Price Analysis    ♡   Portland, OR 97266 2 bed 1 bath 1,230 SqFt ($971/SqFt) 0.8 acre lot. Built 1948 Listed 2023-10-08, Taxes $4,059 | Ⓧ USDA Ineligible due to price & location near Portland |
An extraordinary development opportunity aw aits at 2737 SE 115th Ave
Portland, OR! Combination of two tax lots. Currently, 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 offring 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
Presented by Nicole Richards at
eXp Realty, Inc. Oregon.
Property MLS #23346998 from RMLS
Bedroom 2 Level: Main
Full Bathrooms: 1
Bathrooms On Main Level: 1.0
Full Bathrooms On Main Level: 1
Heating: Yes
Number of Fireplaces: 1
Lot Size Acres: 0.8
Lot Size Square Feet: 34848
Garage Description: Detached
Parking Features: Driveway, OffStreet
High School: David Douglas
Middle School: Ron Russell
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 4240.909999999
Source Listing Status: Active
County: Multnomah
Directions: 115th and Division
Tax Year: 2022
Source Property Type: Residential
Parcel Number: R215170
Zoning: RA5
Property Subtype: SingleFamilyResidence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $176,910 | $4,059 |
| 2021 | $unknown + $unknown $171,760 | $3,992 |
| 2020 | $unknown + $unknown $197,270 | $4,279 |
| 2019 | $unknown + $unknown $191,530 | $4,142 |
| 2018 | $unknown + $unknown $185,960 | $4,015 |
| 2017 | $unknown + $unknown $180,550 | $3,867 |
| 2016 | $unknown + $unknown $175,300 | $3,765 |
| 2015 | $unknown + $unknown $170,200 | $3,675 |
| 2014 | $unknown + $unknown $165,250 | $3,605 |
| 2013 | $unknown + $unknown $160,440 | $3,365 |
| 2012 | $unknown + $unknown $155,770 | $3,106 |
| 2011 | $unknown + $unknown $151,240 | $3,222 |
| 2010 | $unknown + $unknown $146,840 | $3,162 |
| 2009 | $unknown + $unknown $142,570 | $3,091 |
| 2008 | $unknown + $unknown $138,420 | $2,985 |
| 2007 | $unknown + $unknown $134,390 | $2,973 |
$1,195,000
RMLS
Price Changed 2024-01-20
$1,195,000
RMLS
Price Changed 2024-01-18
$0
RMLS
Price Changed 2024-01-18
$0
RMLS
Price Changed 2023-11-29
$1,195,000
RMLS
Price Changed 2023-11-29
$1,195,000
RMLS
Listed 2023-10-08
$1,400,000
RMLS
Listed 2023-09-13
$1,400,000
RMLS
Sold 2020-07-22
$50,000
Public Record
Listing removed 2010-01-16
$199,950
RMLS
Listed 2009-02-12
$199,950
RMLS
Sold 2005-07-22
$205,000
Public Record
Sold 1988-05-01
$53,000
Public Record
Building Area Total: 1230
Building Exterior Type: LapSiding
Property Age: 76
Roof: Composition
Levels or Stories: 1
House Style: Stories1
Total Area Main: 984
Total Area Upper: 246
Architectural Style: Stories1
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.