5315 NE PARK LN, Otis, OR 97368

  • $350,000

Overview

  • 4
    Bedrooms
  • 2
    Bathrooms
  • 2.0
    Car Garage
  • 1920 Sqft
    Property Size
  • 1958
    Year Built
  • SingleFamilyResidence, Residential
    Property Type
  • 562760201
    MLS#
  • 4.41 Acres
    Land Area
  • Matin Real Estate
    Office Name
  • Jordan Matin
    Agent Name

Description

Remodel-ready opportunity on approximately 4 acres! This 1-level property offers 1,920 sq. ft. with 3 bedrooms and 2 baths, providing an excellent canvas for your vision. The home has already been demoed and is ready for renovation. Previously configured as a 4-bedroom, 2-bath home, offering potential to rework the existing layout to suit your needs. Recent septic work has been completed and is in great shape, and gas is already connected to the house. The expansive lot offers plenty of room for future possibilities, including a perfect spot for a massive shop just to the left of the existing garage driveway. Whether you choose to remodel and make this property your own or explore a tear-down and new construction, the possibilities are substantial. Seller estimates an after-remodel value of approximately $600,000. Property may also be eligible to enter a lottery for a short-term rental opportunity, with potential terms ranging from 3 months to 3 years, subject to lottery selection and applicable requirements. Bring your vision and unlock the potential of this unique 4-acre property!

Details

Updated on August 27, 2026 at 2:53 pm
  • MLS# 562760201
  • Price $350,000
  • Property Size 1920 Sqft
  • Land Area 4.41 Acres
  • Bedrooms 4
  • Bathrooms 2
  • Car Garage 2.0
  • Garage Size x x
  • Year Built 1958
  • Property Type SingleFamilyResidence, Residential
  • Property Status Active
  • Office Name Matin Real Estate
  • Agent Name Jordan Matin
  • Office Phone 503-447-3599

Additional details

  • Listing Terms Cash, Conventional, FHA, VALoan
  • Roof Composition
  • Sewer Septic Tank
  • Heating Baseboard
  • County Lincoln
  • Property Type Residential
  • Parking Driveway, Off Street
  • Elementary School Oceanlake
  • Middle School Taft
  • High School Taft
  • Architectural Style Traditional

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