$375000
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3 Bed
-
1.5 Bath
-
1214 SqFt
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28 DOM
-
Built: 1950
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Status: Active
Love this home?
Finance with a Rehab Loan and put in a little sweat equity for instant upside! Investor Special – this is not your average fixer. Sitting on a generous .29-acre lot zoned R-24 (High Density Residential), this property provides a rare opportunity for both rehabbers and developers. Whether you’re looking to restore the existing structure, create a rental, or take advantage of the valuable zoning and redevelop, the potential here is huge. The current home is a true fixer and will require substantial updates—or it could be removed to make way for your vision. Cash or rehab financing only; no conventional or FHA loans will qualify. To make things easier for the next owner, the seller has already completed important prep work: brush has been cleared, the interior has been cleaned and painted, and the property is ready for its next chapter. For developers, much of the groundwork is already in motion. A cottage cluster pre-application meeting has been completed with the city, and site plans are ready for submission—saving you time, money, and energy. Service Provider Letters (SPLs) have already been sent out and signed by all required agencies; they simply need to be resubmitted in your name. This creates a faster path forward for anyone looking to maximize the high-density zoning and add multiple units. Opportunities like this don’t come along often—properties of this size with development already teed up are limited in today’s market. Whether you’re a builder, investor, or buyer with vision, this lot has the potential to pay dividends. Sold strictly AS-IS. Don’t miss the chance to secure a property with both immediate equity potential and long-term development value. For additional development details, please see the accompanying land listing, MLS #467298401.
Listing Provided Courtesy of Timothy Saeland, RE/MAX Equity Group
General Information
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285202649
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SingleFamilyResidence
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28 DOM
-
3
-
0.29 acres
-
1.5
-
1214
-
1950
-
-
Washington
-
R48987
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Aloha-Huber Prk
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Five Oaks
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Aloha
-
Residential
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SingleFamilyResidence
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JOHNSON EST ADD TO BEAV-REED ACR, LOT PT 272, ACRES 0.29
Listing Provided Courtesy of Timothy Saeland, RE/MAX Equity Group
PDXA1 Realty Group data last checked: Aug 20, 2025 14:06 | Listing last modified Aug 18, 2025 12:12,
Source:
Residence Information
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0
-
1214
-
0
-
1214
-
Tax Rec
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1214
-
-
3
-
1
-
1
-
1.5
-
Composition
-
-
Stories1
-
-
1
-
1950
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No
-
-
Asbestos, LapSiding, Other
-
CrawlSpace
-
-
-
CrawlSpace
-
-
DoublePaneWindows,Vi
-
Features and Utilities
-
-
-
Laundry
-
-
-
None
-
Electricity
-
ForcedAir
-
PublicSewer
-
Electricity
-
Electricity, Gas
Financial
-
2529.83
-
0
-
-
-
-
Cash,Rehab
-
07-21-2025
-
-
No
-
No
Comparable Information
-
-
28
-
30
-
-
Cash,Rehab
-
$375,000
-
$375,000
-
-
Aug 18, 2025 12:12
Schools
Map
Listing courtesy of RE/MAX Equity Group.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon.
Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and
detailed information about these properties include the name of the listing's broker.
Listing content is copyright © 2019 RMLS of Portland, Oregon.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
PDXA1 Realty Group data last checked: Aug 20, 2025 14:06 | Listing last modified Aug 18, 2025 12:12.
Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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Venkat Muthu is a wonderful person to go with. Very friendly and advices as per the need and gives his service and support where and when needed and some times going beyond. Really happy to share the review and I highly recommend if anyone is looking for any homes.
— Alishetty
Venkat is great to work with as realtor. He is very patient and listens to the requests of the buyer or seller and doesn’t push as t any point of time. He has a good understanding of the market situation and location for investments as well. All this comes from experience with him recently buying a home.
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