7110 SE Woodstock Blvd Portland, OR 97206

👑 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