Currently used as a rental. Rare East Portland Opportunity on an Expansive Lot! Situated on approximately 0.35 acres, 227 SE 129th Ave presents a unique opportunity for homeowners, investors, and developers alike. The existing single-level home offers approximately 1,323 sq. ft. of living space with a functional layout, hardwood floors, a spacious living room featuring a pellet stove, kitchen, utility area, and attached 2-car garage. The level, fully fenced lot is a standout feature, offering abundant space for outdoor living, gardening, recreation, expansion, or exploring future development possibilities. With multi-dwelling zoning potential, this property offers flexibility and long-term upside that is increasingly difficult to find on a parcel of this size in Portland. Conveniently located in East Portland with easy access to public transportation, shopping, dining, parks, and major eastside corridors. Whether you're looking to create your next home, add value through improvements, or explore the development potential of a large residential parcel, this property is worth a closer look. Bring your vision and unlock the possibilities at 227 SE 129th Ave! Buyer to perform all due diligence regarding zoning, development potential, permitted uses, and applicable requirements with the City of Portland.Renters are month to month.Home Energy Score: HES = 2 https://us.greenbuildingregistry.com/green-homes/OR10183260