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MICHELLE MENDOLA

michelle@pdxpearlrealtor.com +1(971) 352-1513

Listed by Equity Oregon Real Estate

$ 649,000

Est. payment | -/mo

2 Beds

2 Baths

1,500 SqFt

Save

$ 649,000

Est. payment | -/mo

Save

2 Beds

2 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $432

MLS Listing ID 631510630

Style Stories1, Ranch

Bedrooms 2

Full Baths 2

HOA Y/N No

Land Lease Amount 400.0

Year Built 1970

Annual Tax Amount $4,705

Tax Year 2025

Lot Size 0.360 Acres

Property Sub-Type Single Family Residence

Property Description

** Great Investment Opportunity with Development Potential**Unlock the possibilities with this unique property offering both immediate income and future development potential. Zoned HDR and includes two entitled lots ready for completion. This is an exceptional opportunity for investors, developers, or buyers looking to gain a competitive advantage in today's real estate market.The home has been extensively remodeled over the past two years, featuring a new furnace, air conditioning system, updated paint, modern fixtures, and newer appliances—providing a move-in-ready residence with major improvements already completed. Currently operating as a successful Airbnb, cash-flow report available upon request. This property is offering immediate cash-flow potential while you plan your next steps.For buyers who choose not to develop the additional lots, the property offers an oversized yard with ample space for RV and boat parking, a detached garage, and endless opportunities to create your ideal outdoor retreat. An ADU may be an option (buyer to perform due diligence), adding even more flexibility and long-term value. Whether you're looking to finish the entitled lots and capitalize on development opportunities, expand your rental portfolio, or simply enjoy the benefits of a beautifully updated home with room to grow, this property presents a rare opportunity to build equity and maximize return on investment.**Don't miss your chance to own a property that combines current income, future development potential, and exceptional versatility.**Construction packet available upon request.

Location

State OR

County Washington

Area _151

Zoning HDR

Rooms

Basement Full Basement, Unfinished

Interior

Interior Features Ceiling Fan

Heating Forced Air

Cooling Central Air

Appliance Builtin Oven, Builtin Range, Dishwasher, Disposal, Double Oven, Pantry, Stainless Steel Appliance

Exterior

Exterior Feature Covered Deck, Deck, R V Parking, R V Boat Storage

Parking Features Carport, Detached

Garage Spaces 1.0

Garage Yes

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Ridges

Middle Schools Sherwood

High Schools Sherwood

Others

Senior Community No

Acceptable Financing Conventional, FHA

Listing Terms Conventional, FHA

Regional Multiple Listing Service (RMLS)

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 352-1513

michelle@pdxpearlrealtor.com

2175 NW Raleigh St Ste 110, Portland, Oregon, 97210, USA

20471 SW ROY ROGERS RD Sherwood, OR 97140