1174 Washington Ave offers a rare chance to invest in a 0.5003 acre corner lot in one of Portland's most accessible areas. This unique property not only includes a charming 936 sq ft ranch style home but also holds significant opportunity for future development, including potential subdivision or construction of a duplex on the additional lot. The existing 2 bedroom, 1 bath single family home features classic hardwood floors throughout, a spacious front facing living room with abundant natural light, built-in shelving, a dedicated dining area with additional built-ins, and a kitchen showcasing its original character. Opportunity to finish the basement, which could easily be used for a home office, family room, or workshop. A detached one car garage adds convenience, while the oversized lot can set the stage for expansion. With its prominent corner placement, this property is a great opportunity for those looking to maximize value, to build or expand in one of Portland's most versatile residential zones!