REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Cassidy Campanian

cassidy@cassidycampanian.com +1(971) 645-1071

Listed by Berkshire Hathaway HomeServices NW Real Estate

$ 619,950

Est. payment -/mo

Save Virtual Tour

Pending

2821 SE 115TH AVE Portland, OR 97266

0.53 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Subdivision Powellhurst

MLS Listing ID 559781066

HOA Y/N No

Annual Tax Amount $5,621

Tax Year 2025

Lot Size 0.530 Acres

Property Sub-Type Single Family Residence

Property Description

Beautifully remodeled and incredibly versatile, this rare half-acre property features two separate single-level residences with outstanding income and future development potential. The main home offers 3 beds and 1 bath with a remodeled kitchen, updated finishes, comfortable one-level living and A/C. The detached ADU includes 2 beds and 1 bath, remodeled and move-in ready — ideal for rental income, multigenerational living, guest quarters or owner-occupancy with supplemental income. Both homes include fridges and w/ds, making this a truly turnkey opportunity for homeowners and investors alike. Strong existing rental performance with rentometer.com est average rents of approx. $2,167/month for the 3-bed and $1,615/month for the 2-bed ADU creates immediate income potential. BONUS: The 1/2 lot creates additional possibilities rarely found in Portland. The rear portion of the property may allow space for an additional detached ADU, while the full site offers exciting future redevelopment potential for middle housing or cluster home development with potential for up to 16 units. Whether you're looking for an investment opportunity, flexible living arrangement, or long-term development upside, this property offers exceptional potential in a rapidly evolving area of SE Portland. Large usable lot, multiple living spaces, income potential and future flexibility all in one unique property. Property includes a 50 amp exterior outlet for tiny home or RV. Lot may be divided into a minimum of 3 lots. Both units will be vacant at close. Buyer to verify zoning, density and feasibility with the City of Portland. Quiet street, conveniently located in SE Portland with easy access to I-205, Division Street, shopping, restaurants, parks and public transportation. Close to everyday amenities while still offering the privacy and flexibility of a rare half-acre property. DOM is not accurate. Property was withdrawn for 3 weeks to make a repair, back active.

Location

State OR

County Multnomah

Area _143

Zoning R5

Exterior

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected

View Trees Woods

Garage No

Building

Lot Description Public Road

Schools

Elementary Schools W Powellhurst

Middle Schools Ron Russell

High Schools David Douglas

Others

Acceptable Financing Cash, Conventional, FHA, VALoan

Listing Terms Cash, Conventional, FHA, VALoan

Virtual Tour https://www.zillow.com/view-imx/34d9f1d4-05c9-4a82-b326-e3a7380a471f?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

Regional Multiple Listing Service (RMLS)

GET MORE INFORMATION

Cassidy Campanian

+1(971) 645-1071

cassidy@cassidycampanian.com

Cassidy Campanian

2821 SE 115TH AVE Portland, OR 97266

Key Details

Location

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

2821 SE 115TH AVE