7 months on rocket

2737 SE 115th Ave, Portland, OR, 97266

$1,195,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
1 Full Bath
1,230 SqFt
$972/SqFt
House
Schools Nearby

Location

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2737 SE 115th Ave, Portland$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Street Parking
Garage2 spaces
Year Built1948
HeatingWall Furnace
MLS #23346998
Lot Size0.80 Acres
StatusActive

About 2737 SE 115th Ave

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]

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Story
  • Year Built: 1948
  • Stories: 1
  • Living Area: 1,230 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (503) 886-9156
  • Listing Agent: Nicole Richards

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Street Parking

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.80 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

School Info

Assigned Schools Information:

  • David Douglas High School, Public District Grades 9-12
  • Ron Russell Middle School, Public District Grades 6-8
  • West Powellhurst Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 115th and Division

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $972/SqFt

Tax Information:

  • Annual Amount: $4,279
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Portland, OR.

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Portland, OR

City

Med. Sold Price

$537.4K

Med. Price/SqFt

$315

Avg. Days On Market

36

# of Sold Homes

774

2737 SE 115th Ave vs Portland

215 DAYS ON ROCKET

+179 Days

$1,195,000

+$657.5K More

$972/SqFt

+$657 More

KEY TAKEAWAY

This property is $657.5K more than the Median Sold Price and $657/SqFt more than other homes in Portland, OR.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Regional Multiple Listing Service, Inc.
  • MLS Number: #23346998

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (503) 886-9156
  • Listing Agent: Nicole Richards

IDXThe 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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 1:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 21, 2020Home Sold
$77,000
Jul 22, 2005Home Sold
$205,000
May 01, 1988Home Sold
$53,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,279$197,270
2018$4,015$185,960
2017$3,867$180,550

History based on county public records data.

Payment Calculator

$6,032

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,649

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-9818862
6
/10

  • West Powellhurst Elementary School

  • 2921 SE 116th Ave

  • 0.14 miles

  • Public District Grades KG-5

Middle School

school-card-donut-9818863
6
/10

  • Ron Russell Middle School

  • 3955 SE 112th Ave

  • 0.57 miles

  • Public District Grades 6-8

High School

school-card-donut-9818864
5
/10

  • David Douglas High School

  • 1001 SE 135th Ave

  • 1.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,961. Residents of Portland, OR typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2737 SE 115th Ave

What is the listing price of this property?

The listing price of 2737 SE 115th Ave property is $1,195,000.

What type of property is this?

The property 2737 SE 115th Ave is a house located in Portland, Oregon, 97266.

Is this property for sale now?

Active Listing: 2737 SE 115th Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2737 SE 115th Ave are:
West Powellhurst Elementary School: GreatSchools Rating 6/10
Ron Russell Middle School: GreatSchools Rating 6/10
David Douglas High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,279 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 21, 2020 for $77,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2737 SE 115th Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 2737 SE 115th Ave is 1,230 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2737 SE 115th Ave is 1948.

Rocket Homes›Oregon›Multnomah County›Portland›97266›2737 SE 115th Ave

This home is located at 2737 SE 115th Ave in Portland, OR and zip code 97266 in the East Portland neighborhood. This 1,230 square foot home, which was built in 1948, sits on a 0.80 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 08, 2023 and is currently priced at $1,195,000.

Over 338 listings were sold over their listed price in April 2024 in Portland, OR. In the same period over 270 listings were sold below the listed price and 166 listings were sold for the listed price. The number of homes for sale in Portland, OR increased by 19.3% between March 2024 and April 2024. The median list price of listings available in April 2024 was $537,475, while the average time on the real estate market was 36 days.

From Rocket Homes Real Estate and based on county public records data.

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