A long-standing housing shortage and low level of unsold homes in the Portland area are prompting buyers to seek residential property that will make their dreams come true.

How fast should they jump when they find a place they like? The average time a Portland-area residential property was on the market before receiving an acceptable offer in August was 23 days.

What type of homes remain unsold? Those that are too expensive or unwanted.

And the fixers? A deal just takes a buyer willing to turn a potential teardown into a palace.

Bargain hunters love to see homes advertised as a “diamond in the rough” or “in need of a little attention” (loving and tender care) because they believe that with muscle, intelligence and a budget, they can improve them and make a profit or a nice place. to live.

Be careful when an ad warns that the buyer needs to do their own “due diligence,” which means it’s up to you to check that everything is legal and code before signing the contract.

Here is a gallery of Portland area homes on the market, advertised as needing care and extensive repair, or being sold “as is” with the seller refusing to make any fixes or improvements.

“Fixer protected from the earth”: 13450 NW Springville Lane in the Bethany neighborhood of Portland is listed at $ 1.8 million.

The home to renovate, built in 1983, features three bedrooms, three bathrooms and 3,220 square feet of living space.

The 2.64-acre property is zoned R6 and sits on the edge of urban growth in Washington County, said listing agent Noel Jackson of Scout Realty Co.

“Home is an earth-sheltered fixer, on a quiet, pristine hillside site, currently part of a working 60-acre farm,” Jackson said.

“Need for TLC”: 616 NE Morris St. in the Eliot neighborhood of Portland is listed at $ 820,000.

The Craftsman-style home with a wraparound covered porch was built in 1892. Inside is an updated kitchen, master bedroom with a lanai, three more bedrooms, 3.5 baths and 3,497 feet squares of living space.

There is a separate exterior entrance in the basement, which has the “potential” to be turned into a secondary living unit, explains listing agent Janet Warren of Cascadia NW Real Estate.

The land is 6,098 square feet.

“With a little bit of TLC, this house has unlimited potential,” says Warren.

Potential “real estate”: 16021 SE Martins St. in the Pleasant Valley neighborhood of Portland is listed at $ 800,000.

The bungalow, built in 1948, spans 4.72 fenced acres, or three municipal tax lots off the Springwater Corridor adjacent to Powell Butte Nature Park.

The house is a ‘fixer; make it your dream, ”says listing agent Tammy Townsend of Stellar Realty Northwest. Inside there are two bedrooms, one bathroom and 816 square feet of living space.

“Real estate property. Leisure farm with 36×60 shop for all your toys. Low taxes with deferral of farm taxes, ”says Townsend. “The buyer must exercise due diligence. Sold as is. By appointment only.

“Fix at potential”: 725 SW Viewmont Dr. in the Sylvan Heights neighborhood of Portland is listed at $ 800,000.

The two-story home, built in 1977 over 0.32 square meters, has four bedrooms, three bathrooms and 2,583 square feet of living space.

“Fixer-upper with great potential in a wooded area. Sold as is, ”says listing agent Mariann Lovas of Century 21 North Homes Realty.

“Fixer of light”: 2122 SE 135th Ave. in the Hazelwood neighborhood of Portland is listed at $ 599,900.

The Craftsman-style home was built in 1935 on 0.51 acres zoned R5.

Inside are hardwood floors under carpet, four bedrooms, two bathrooms and 3,447 square feet of living space plus a basement with an unfinished bathroom. The original slatted and plastered walls are in need of repair.

“A car enthusiast’s dream with an oversized store … can hold up to six cars and is accessible from both sides with oversized doors,” says listing agent Jennifer Bolen of Premiere Property Group. “On the city water, but there is a well for irrigation.

See on topic 35 other homes in Portland lists as needing repairs.

– Janet Eastman | 503-294-4072

[email protected] | @janeteastman

Learn more about the Portland and Oregon real estate market:

• ‘Really Tan Portland Ken’ lists glass mansion for $ 9,495,000

• Can music make a buyer fall in love with a $ 1.5 million home? Portland real estate agent finds out

• Portland area homebuyers face a median price of $ 525,000; more new owners rely on down payment from family