Portland, OR – Listed on Zillow, Portland’s cheapest two-story home took just two days to sell. Currently, its status is pending which means an offer has been made and the selling process has started. Located on the corner of N Farragut St, this property has 4,791 sqft of living space (including the yard) and was originally built in 1928. Here, it includes 3 bedrooms, 1 bathroom, and a total of 1,840 of an actual house.

Despite sounding like a bargain in Portland’s recent economy, there is a catch. As seen by the photos, this house is in urgent need of some TLC. For instance, the outside of the home is wind-damaged and one window is boarded up. Internally, it gets worse. This is because it features dirty, dated sinks, baths, and toilets among other issues. Nonetheless, with enough energy and creativity, it could still be transformed.

As seen, this would need a complete rebuild and many Portlanders may be reluctant to spend $300,000 on it. Regardless, it clearly had a lot of attention and sold very quickly. On Zillow, it is listed as a ‘fixer opportunity’ and also comes with a detached garage.

However, there may be a key reason for its swift sale. According to Redfin, the average Portland property price is currently $490,000. This means that even if you spent $100,000 on this property, it would still be a saving of $90,000 compared to the median price. Seeing as most 3 bedroom homes are worth more than this in the city, it looks as though someone may have got a bargain.