Rare oversized lot in the city! Big yard, flexible space and classic bungalow character come together on this .33-acre RM1-zoned property in Portland. Built in 1947, this charming bungalow offers an exceptionally large backyard, multiple outdoor entertaining areas and potential future development possibilities-all increasingly hard to find in the city. The expansive backyard is the star, with a private covered patio, waterfall-style water feature, firepit area, mature landscaping and a huge open lawn with room to garden, play, entertain or create something entirely your own. Inside, you'll find a comfortable main-level floor plan with a spacious living room and kitchen featuring laminate flooring, a pass-through to the living room and eating bar. Hardwood floors likely under the wall-to-wall carpet throughout the main level. The finished basement adds substantial additional living and recreation space-perfect for a media room, hobbies, music, home gym or flexible living space. Major updates include a new gas furnace and gas water heater in 2025, plus vinyl windows. All appliances stay, including the washer and dryer. A detached single-car garage, carport and tool shed provide additional parking, workspace and storage. Conveniently located near shopping, restaurants and everyday amenities, with quick access to I-205 and major Portland-area routes. A classic Portland bungalow with a truly exceptional yard and possibilities rarely found on an in-city lot. Buyer to perform due diligence regarding development and redevelopment potential. New driveway concrete. Minutes from freeway access I-84 and I-205.