$375000
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3 Bed
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1.5 Bath
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1214 SqFt
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47 DOM
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Built: 1950
- Status: Active
Love this home?
Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Finance 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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47 DOM
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3
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0.29 acres
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1.5
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1214
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1950
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Washington
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R48987
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Aloha-Huber Prk
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Five Oaks
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Aloha
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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
Mohan Realty Group data last checked: Sep 07, 2025 02:21 | Listing last modified Sep 05, 2025 17:34,
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