BOM, no fault of Seller. Bank-preapproved short sale price of $311,000. Fast close! Discover an incredible opportunity and livability on this quiet Southeast Portland street. Set on nearly a quarter-acre, this charming 2-bed, 2-bath 1949 bungalow offers space, flexibility, and rare zoning that allows for multiple dwellings—perfect for future expansion, investment potential, or multi-generational living.Step inside to fresh updates including new carpet, updated interior paint, and a bright, comfortable layout. A bonus room with a private entrance creates an ideal setup for a studio, home office, guest space, or rental possibilities.The oversized, fully fenced yard provides room to grow with endless options—gardening, play, pets, or future development. A 7×8 tool shed, 9×18 workshop, and RV parking deliver exceptional storage and utility, plus there’s parking space for multiple vehicles.Recent exterior improvements include a professionally coated roof, offering peace of mind for years to come.With easy access to I-205 and close proximity to local parks, dining, and shopping, this property blends convenience with quiet residential living. Whether you're looking for a turnkey home, a project with upside, or land with development potential, this one checks all the boxes. This is a short sale and subject to lender approval. Seller is selling as is. Sale subject to third-party approval. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10220527]