Washougal, WA 98671

👑 Prime Downtown Washougal | 5 Bed | True Master on Main | Flip, Rent, or BRRRR 👑 Asking Price: $374,000 ARV: $550,000 – $575,000 5 Beds (1 Non-Conforming) | 2 Baths | 2,149 Sq Ft | Bonus Room | True Master on Main Vacant at Close 🔑 The Opportunity Right in the heart of Downtown Washougal — walkable to shops, dining, and daily amenities — and sitting directly across from a newer neighborhood where homes sell in the mid-$600s. At $374K with an ARV of $550K–$575K. 2,149 sq ft, true master on main, bonus room, and an oversized garage/basement — the bones are there. Bring it up to the standard of the homes next door and the margin follows. Washougal continues to draw buyers priced out of Camas, Vancouver, and Portland, making this location a long-term winner for flippers and landlords alike. 📋 Property Details 5 Beds (1 Non-Conforming) | 2 Baths | 2,149 Sq Ft Bonus room (additional flex/living space) True master on main Freestanding wood stove in the living room Brand-new water heater (installed 2 years ago) Large rear deck 0.13-acre lot with terraced front yard Oversized garage/basement with storage and workbench Long driveway parking Location Highlights: Directly across from a newer neighborhood (comps in the mid-$600s) Close to parks, grocery stores, dining, and downtown Washougal Near top-rated schools and the Columbia River Gorge 🔨 Rehab Scope (Moderate Rehab) Not a quick paint-and-list, but far from a gut job. Scope is clear, surprises are minimal: New flooring and trim throughout New countertops Paint cabinets Interior and exterior paint Deck repair Minor siding repair Landscaping / yard work Small fence repair The goal: elevate finishes to match the caliber of the homes directly adjacent and capture the upper end of the ARV range. 💰 The Numbers Asking Price: $374,000 ARV: $550,000 – $575,000 Exit Strategies: Flip · Long-Term Rental · BRRRR Occupancy at Close: Vacant 🏃 Exit Strategies Flip: Strong ARV support from adjacent comps, 5 beds, true master on main, and a bonus room — well-positioned for a retail resale in the $550K–$575K range. Rental / BRRRR: Solid rental demand driven by proximity to Camas and PDX. A stabilized asset this size with a garage/basement offers strong long-term equity and cash flow. 🗓️ Public Walkthrough Friday, June 5th at 1:00 PM Closing date: 6/30/2026 – Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.