Exceptional opportunity on an expansive 19,316 sq. ft. R7-zoned lot. This 1952 bungalow offers the perfect blend of existing charm and future potential. Whether you're a buyer looking to restore and create your dream home or an investor exploring development possibilities, this property delivers options. The home features solid bones and a functional layout, providing a strong foundation for renovation. With thoughtful updates, this classic bungalow could truly shine while maintaining its mid-century character. It is a fixer, but one with upside, ideal for those who see value in vision and sweat equity. The oversized lot is the true standout. At nearly half an acre and zoned R7, the property offers flexibility for expansion, addition, potential partition, or other development opportunities. Buyer to verify with the City of Portland. Large parcels like this are increasingly rare, making the land itself a compelling long-term investment.Conveniently located in Northeast Portland with access to parks, shopping, and major commuter routes, this property combines location, lot size, and zoning in one attractive package.Bring your contractor, your creativity, and your plans. This is an opportunity to build equity and maximize potential!! [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10245181]