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Land with Home for Sale in Otis, Oregon

5315 NE Park Ln, Otis, OR 97368

$350,000
4.4 acres
Active sale
ago
Est $2,082/mo

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!

1,920
Sq feet
4
Beds
2
Full baths
1958
Built

Location

Street address
5315 NE Park Ln
Zip code
97368
Elevation
74 feet
Coordinates
44.9934, -123.9784

Directions

Hwy 101 to East Devils lake Rd to Park Lane to 2nd home on Left across from KOA camp ground

Property details

Acreage
4.41 acres
Zoning
R-1
MLS #
RMLS 562760201
Posted

Property taxes

Recent
$3,530

Parcels

  • R351566

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Structures
Workshop
Features
Yard

Structure

Stories
1
Heating
Baseboard
Roof
Composition

Interior

Rooms
Bathroom x 2, Bedroom x 4, Dining Room, Laundry Room, Utility Room

Nearby schools

NameType
OceanlakeElementary
TaftMiddle
TaftHigh

Listing history

DateEventPriceChangeSource
Aug 27, 2026New listing$350,000RMLS
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This 4.41-acre property is located at 5315 NE Park Ln in Otis, OR 97368. The property is available for sale, priced at $350,000. It has a 1,920 square foot 4-bedroom, 2-bath house built in 1958.

Listed by Matin Real Estate, (971) 777-0025

Checked 1 hour agoUpdated Source

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