For sale Home

Listed Nov 26, 2025

$1,150,000 Est. $7,606/mo

287 East 3rd Street

  • 2

    Beds

  • 1

    Baths

  • 952

    Sq ft

The story

Exceptional development opportunity in Lowell, just 20 minutes from Eugene. This 2.12-acre parcel includes tentative subdivision approval with the City of Lowell for 11 total lots, offering builders and investors a major head start on a highly desirable small-scale subdivision. The property also includes an existing newly remodeled 2 bedroom home that is currently rented month-to-month, providing income during the development process. The site is largely cleared, utilities are nearby, soils are favorable, and the project aligns with Lowell’s current residential growth needs.This is an ideal opportunity for a builder or developer seeking a manageable, profitable project supported by city momentum. More information regarding pre approval packet with the City of Lowell, engineers concept plans, and city correspondence available.

Facts & features

Home type

Home

Year built

1963

Floors

1

Lot size

2 acres

Price per sq ft

$1,208

Parking

2-car garage

Included features

  • Cooling

    Mini Split

  • Heating

    Mini Split

  • Appliances

    Appliance Garage, Builtin Range, Dishwasher, Free Standing Refrigerator, Range Hood, Stainless Steel Appliance

  • Flooring

    Hardwood, Vinyl, Wood

  • Roof

    Composition

  • Lot Information

    Cleared, Level

  • Exterior

    Yard

  • Water Source

    Public Water

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$7,606 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $6,121
  • Property tax $1,150
  • Insurance $335

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Works Real Estate

Broker Name

Works Real Estate

Agent

Jody Spier