1196 STATE ROUTE 505

Toledo, 98591

  • 3 Bed

  • 2 Bath

  • 1518 SqFt

  • 165 DOM

  • Built: 2020

  • Status: Active

$765,000

Price cut: $10K (07-08-2025)

X

1196 STATE ROUTE 505

Toledo 98591

$765000

Price cut: $10K (07-08-2025)

  • 3 Bed

  • 2 Bath

  • 1518 SqFt

  • 165 DOM

  • Built: 2020

  • Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Motivated seller—bring all offers! This unique property features two homes on 5.58 acres with development zoning, rental income potential, and sweeping mountain views. Ideal for multi-generational living, future expansion, or investment, the main home offers an open-concept layout with luxury vinyl plank flooring, quartz countertops, a large island, pantry, and sliders that open to the backyard. The primary suite includes a private bath and walk-in closet, plus two additional bedrooms, a full bath, and laundry room. The second home, a well-maintained manufactured unit, includes LVP flooring, an eat-in kitchen with pantry, two bedrooms (including a walk-in closet), a full bath, and laundry with backyard access. Enjoy on-site walking and ATV trails, a covered patio, RV parking, and tranquil natural surroundings. There’s more than enough room to build a huge shop or expand with additional structures. Live in the main home and rent the manufactured for $1,800/month, or live in the manufactured and rent the main home for $2,300/month—instant income either way. Located minutes from Wallace Pond, Hwy 505, I-5, and local dining. Zoned for 8,000 sq ft lots with potential commercial use, this property offers more than a home, it offers opportunity. Listed at $765,000.

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Residence Information

  • 0

  • 1518

  • 0

  • 1518

  • Tax

  • 1518

  • 3

  • 2

  • 0

  • 2

  • Composition

  • 2, Attached

  • Stories1

  • Driveway,RVAccessPar

  • 1

  • 2020

  • No

  • T111Siding

  • CrawlSpace

  • RVParking

  • CrawlSpace

  • ConcretePerimeter

  • VinylFrames

Features and Utilities

  • CeilingFan, SlidingDoors

  • Dishwasher, FreeStandingRange, FreeStandingRefrigerator, Island, Microwave, Pantry, Quartz, StainlessSteelA

  • CeilingFan, LuxuryVinylPlank, TileFloor, VaultedCeiling

  • AccessoryDwellingUnit, CoveredPatio, Fenced, Patio, Porch, RVParking

  • CentralAir

  • Electricity

  • ForcedAir, HeatPump

  • SepticTank

  • Electricity

  • Electricity

Financial

  • 4447.86

  • 0

  • Cash,Conventional,FHA,VALoan

  • 01-24-2025

  • No

  • No

Comparable Information

  • 165

  • 172

  • Cash,Conventional,FHA,VALoan

  • $835,000

  • $765,000

  • Jul 08, 2025 12:50

Schools

Elementary : Toledo N/A Ratings
Middle : Toledo N/A Ratings
High : Toledo N/A Ratings

Map

Listing courtesy of Keller Williams Realty Portland Central.

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: Jul 15, 2025 12:18 | Listing last modified Jul 08, 2025 12:50. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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