Attention builders and developers! RM1-zoned corner lot totaling approximately 15,246 square feet (.35 acres) with public water and sewer already connected. Existing structure is in poor condition and may require extensive rehabilitation or redevelopment. Corner location and multifamily zoning create a unique opportunity to explore a variety of residential development options. Property sold as-is. Buyer to verify all development potential, permitted uses, density allowances, utility capacity, and zoning requirements. Rare chance to secure a large infill parcel in Southeast Portland for under $300,000.