USAORPortlandPowellhurst2821 Se 115Th Ave

2821 Se 115Th Ave, Portland, OR

House

For Sale

Listed price in listed location currency (USD).

$619,950

520

MLS® 742261598

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1838 sqft

Garage

Taxes $5,622

Days Active 0

Lot Size

Approx. Age 1942

Avg. Price Per Sqft $337

MLS® Number 742261598

Property Address: 2821 Se 115th Ave, Portland, OR, 97266-1163

Average square foot calculated using Size range provided by listing agent.

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. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239200]

MLS® Number742261598

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1942

BasementCrawl Space

DrivewayDriveway, R V Access Parking

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 14, 2026List Date

$619,950List Price

Commute

Commute

Starting Address

Destination Address

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