👑 Woodstock / Mt. Scott Opportunity – Fix & Split OR Live/Work Business Play 👑
Price: $499,000
Located in the highly desirable Woodstock / Mt. Scott corridor, this property offers a rare opportunity to capitalize on location, flexibility, and strong underlying land value in one of SE Portland’s most in-demand areas.
There are two paths to this deal with clear, zoning-backed strategies:
🧱 Play 1: Fix & Split (RM2 Zoning Advantage)
The property is zoned RM2 (Residential Multi-Dwelling), supporting higher density and potential lot confirmation— allowing you to separate and sell a second buildable lot.
• Estimated lot value: ~$130K as is or MUCH more if developed
• Renovated resale (house): ~$575K–$589K
👉 This creates a strong “divide and monetize” scenario, where the lot sale offsets your basis and drives profit.
👉 With efficient execution, this has the potential to be a ~$80K–$100K+ deal.
🏡💼 Play 2: Live/Work (Flexible Use + Location)
While zoned RM2, the property’s strong street frontage, existing shop, and layout make it ideal for a home-based business or live/work setup after renovation. The second lot could easily be used as a parking lot for the business operating in the house.
Ideal for:
• Office + residence
• Studio / service-based business
ESTIMATED PROFIT MINIMUM OF $100,000 without lot development.
🏠 Property Highlights
• ~2,300 sqft total (includes ~936 sqft semi-finished basement)
• Large footprint with flexible layout
• Easily configurable to 3+ bedrooms without basement
• $73K fully paid-off solar system (2023) YES! Paid OFF
• Existing home + shop
• Needs new roof (value-add)
• Strong street frontage
• Walkable to Woodstock amenities
💰 Deal Snapshot
• Price: $499K
• Rehab: ~$80K
• Lot Value (Est.): ~$130K
• ARV (House): ~$575K–$599 depending upon finsh and basement usage
👉 Best use = Fix + Split leveraging RM2 density
👉 Potential ~6-figure deal with the right execution
ARV Comps:
https://www.zillow.com/homedetails/6901-SE-Martins-St-Portland-OR-97206/65676150_zpid/
https://www.zillow.com/homedetails/6045-SE-72nd-Ave-Portland-OR-97206/53935628_zpid/
https://www.zillow.com/homedetails/5807-SE-72nd-Ave-Portland-OR-97206/82340374_zpid/
Call for Walkthrough!
Closing date: 7/20/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.
Cash or hard money only, price is net to seller, buyer pays all closing costs, property sold in as-is condition, buyer is responsible for their own due diligence and verifying all facts and figures in regards to purchasing the property. Wholesale King does not allow for buyers to reassign or sell to a third party prior to close. Opinion of value and breakdown spreadsheet is given as a courtesy only as seller makes no guarantees or warranties, express or implied, as to the value, condition, remodel cost, and/or any costs or fees associated with selling or investing in this property. Members of selling entity are real estate licensee’s in the State of Oregon and Washington. Real Estate Licensee and/or associated brokerage are not acting in any role as real estate broker or as a brokerage of this transaction. No brokers are receiving compensation as part of this Agreement and are not representing any party.
