$485000

2 Bed
2 Bath
1264 SqFt
6 DOM
Built: 1947
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Opportunity knocks. This property features a remodeled single level home, a detached shop with ADU studio (accessory dwelling unit) and nearly a half an acre of potentially dividable property. With the potential of splitting into multiple lots with the development of additional homes plus the ADU this could be a homerun investment. The current home has driveway access separate from the shop. The home has been remodeled from top to bottom. Recent upgrades include siding and windows, roof, LVP flooring, fresh paint and so much more. Great separation of space with high ceilings and both family and living rooms. Family room does have a closet and has been used as a very large third bedroom in the past. The shop is nearly 900 square feet with 9' doors and a studio ADU in back. High ceilings in both portions with additional storage available above both. Electric panel has been upgraded. Seller states that there is an RV dump hookup outside. There is a separate driveway to access shop and additional driveway space to access the rear portion of the property. Review with the city but initial reviews have indicated a lot would be fairly simple to develop at the rear of the property. Other potential development could include separating house and shop into additional separate lots. Build a home for the shop and perhaps a garage with ADU for the existing home plus another home and ADU on the back lot to increase the value. With middle housing there may be potential for higher density.

Listing Provided Courtesy of Joe Williams, ICON Real Estate Group

General Information

MLS #291342281
TypeSingleFamilyResidence
Days on Market 6 DOM
Beds2
Lot Size 0.46 acres
Baths2
SqFt1264
Year built1947
Zoning
CountyLane
Tax ID0455780
ElemFairfield 3/10
MiddleCascade 7/10
HighWillamette 3/10
PropCategoryResidential
PropTypeSingleFamilyResidence
Neighborhood (Legal)17-04-27-13-01900

Listing Provided Courtesy of Joe Williams, ICON Real Estate Group

Krishna Realty data last checked: Jun 15, 2025 14:25 | Listing last modified Jun 09, 2025 11:45, Source:

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Residence Information

Upper SqFt0
Main SqFt1014
Lower SqFt0
Total SqFt1264
SFSrcRLID
TotUp/Mn1014
Fireplaces
Bdrms2
Full Bath2
Partial Bath0
Total Bath2
RoofComposition
Garage2, Detached, ExtraDeep, PartiallyConvertedtoLivingSpace
StyleStories1
ParkingDriveway,RVAccessPar
Levels1
Year Built1947
Green CertNo
Energy Eff
ExteriorVinylSiding
Bsmt/FndNone
RVRVParking
URM
BasementNone
FoundationSlab
Windows
Amenities

Features and Utilities

Living
KitchenFreeStandingRange, FreeStandingRefrigerator, StainlessSteelAppliance
InteriorCeilingFan, HighCeilings, LaminateFlooring, SeparateLivingQuartersApartmentAuxLivingUnit, VaultedCeiling
ExteriorAccessoryDwellingUnit, Fenced, Outbuilding, Patio, RVParking, SecurityLights
Accessibility
CoolNone
WaterElectricity, Tank
HeatWallHeater, Zoned
SewerPublicSewer
Hot WaterElectricity, Tank
FuelElectricity

Financial

PTax/Yr2362.88
HOA0
HOA Incl
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date06-09-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 6
CDOM 6
Sold Date
TermsCash,Conventional
Original Price$550,000
List Price$485,000
Sold Price
Last ModifiedJun 09, 2025 11:45

Schools

public Elementary : Fairfield 3/10 Ratings

public Middle : Cascade 7/10 Ratings

public High : Willamette 3/10 Ratings

Map

Listing courtesy of ICON Real Estate 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. Krishna Realty data last checked: Jun 15, 2025 14:25 | Listing last modified Jun 09, 2025 11:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

284 WAITE ST

$485,000