Opportunity abounds on this more than 10,000-square-foot lot in sought-after Midtown. Residential single-family R1 zoning. Excellent Palo Alto schools. Two well-maintained existing cottages, each with its own address, private yard, and garage, create immediate options - continue with two separate rentals, live in one and rent the other, or plan entirely new construction with a luxury home and ADU. Opportunity to build for personal use or investment. A crisp white palette, updated kitchens, inside laundry, and classic charm enhance the existing cottages, making them desirable for rental income or personal use today. The location is superb just down the street from dog-friendly Greer Park, one block from acclaimed Ohlone Elementary School, and minutes to Highway 101 for easy access to all of Silicon Valley. This rare blend of space, versatility, and prime location makes this offering an exceptional opportunity for investment or future development.