Exceptional Development Opportunity in a Prime Portland Location! This .29-acre property with RM1 zoning offers incredible potential—build multiple units and/or create your custom dream home. The existing cottage with a lovely front yard w/sprinkler system, adds character and flexibility: remodel, expand, or live in it while you plan your future project. The spacious backyard provides room for outdoor living, future structures, or creative site design. With RM1 zoning, the property supports higher-density residential development while maintaining a comfortable neighborhood feel. Buyer to perform all due diligence. Conveniently located near parks, schools, shopping, and transit.This property provides both practicality and long-term upside.Property sold AS-IS. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242645]