2821 SE 115TH AVE, Portland, OR 97266
- $636,000
- 5
- BD
- 2
- BA
- 1,838
- SqFt
- Sold Price
- $636,000
- List Price
- $619,950
- Closing Date
- Sep 10, 2026
- Days on Market
- 120
- Status
- SOLD
- MLS#
- 742261598
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1,838
- Lot Size
- 20, 000 SqFt to .99 Acres
- Region
- Portland Southeast
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 Property was withdrawn for 3 weeks to make a repair, back active. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239200]
Additional Information
- Tax Amount
- $5,621
- Year Built
- 1942
- High School
- David Douglas
- Elementary School
- W Powellhurst
- Middle School
- Ron Russell
- Acres
- 0.53
- Living Area
- 1,838
- Stories
- 1
- Subdivision
- POWELLHURST
- Property Type
- Single Family Residence
- Lot Size Dimension
- 307 x 75
- Terms
- Cash, Conventional, FHA, VA Loan
- Accessibility Features
- Accessible Full Bath, Caregiver Quarters, Main Floor Bedroom w/Bath, Minimal Steps, One Level, Parking, Utility Room On Main, Walk-in Shower
- Master Bedroom Level
- Upper
- Cooling Description
- Central Air
- Fuel Description
- Gas
- Heating Description
- Forced Air
- Hot Water Description
- Electricity
- Exterior Description
- Cement Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- 1 Story, Cottage
- View
- Trees/Woods
- Parking
- Driveway, RV Access/Parking
- Parking Description
- Driveway, RV Access/Parking
- Road Surface
- Paved
- Exterior Features
- Accessory Dwelling Unit, Covered Deck, Covered Patio, Outbuilding, Patio, Porch, Public Road, RV Hookup, RV Parking, Second Residence, Tool Shed, Yard
- Interior Features
- Accessory Dwelling Unit, Air Cleaner, Laminate Flooring, Laundry, Quartz, Washer/Dryer
- Kitchen Appliances
- Built-in Oven, Cooktop, Dishwasher, Disposal, Free-Standing Refrigerator, Plumbed For Ice Maker, Quartz, Solid Surface Countertop, Stainless Steel Appliance(s)
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Listing courtesy of Berkshire Hathaway HomeServices NW Real Estate. Selling Office: Keller Williams PDX Central.
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