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5315 NE Park Ln, Otis, OR 97368

$350,000

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Property Description

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!

5315 NE Park Ln | MLS# 562760201

This single family home located at 5315 NE Park Ln, Otis, OR 97368 is currently listed for sale with an asking price of $350,000. This property was built in 1958 and has 4 bedrooms and 2 full baths with 1920 sq. ft. Search Otis real estate on jayneebeck.bendpremierrealestate.com today.

Property Features

Property Type: Residential - Single Family
Fireplaces: 1
Fuel Type: Electricity, Gas
Garage: 2 car attached
Heating: Baseboard
Home Style: Traditional
Lot Size: 4.41 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $3,530
Year Built: 1958
Square Feet: 1,920

Feature Descriptions

Bathroom: 2.0 (Main)
Exterior: Workshop, Yard
Exterior: Cedar, T-111 Siding
Fireplace: Wood Burning
Hot Water: Electricity, Gas
Lot: Level, Trees
Parking Notes: Attached, Driveway, OffStreet
Sewer: Septic Tank
Special View Info: Mountain, Trees/Woods
Square Footage: 1920 (Main)
Water: Public Water

Local Schools

High School: Taft
Middle School: Taft
Elementary School: Oceanlake

Listed By / Shown By

Listed By

Agency Name: Matin Real Estate
Agency Phone: 503-447-3599

Shown By

Agent Name: Jaynee Beck, Principal Broker
Agent Phone: (541) 480-0988
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 2,166.04 per month $1,769.79 Principal & Interest $294.17 Property Tax $102.08 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/28/2026. The listing information on this page last changed on 08/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 08/28/2026 12:01:01 AM EST) or RMLS (last updated Thu 08/27/2026 11:55:31 PM EST) or COAR/MLSCO (last updated Thu 08/27/2026 11:51:32 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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