3929 SE 65th Ave Portland, OR 97206

Rare development/investor opportunity for a 1905 craftsman on an oversized corner lot in inner SE Portland. This property features a very large lot with the potential to build one additional home or up to three cottages (if the garage is removed) next to the existing home. In 2022, recent code changes provide infill options to this R5 zoned location utilizing Portland's Residential Infill and Middle Housing Land Division program. Once built the properties can be sold as separate real property residences. The corner lot has alley access which allows for 3-way access, smaller setbacks, and multiple design options.The recently restored farm style house features 2 bedrooms, 1-bath, offers 834 sq. ft. of efficient, comfortable living space with a new roof and detached garage. Whether you're a developer, home buyer, downsizing, or looking for your next investment property, this offers flexibility and development potential. Enjoy mornings on the welcoming front porch, a perfect spot to relax and take in this private, quiet location in the thriving Foster Powell neighborhood. Inside, the home features a bright living/dining area with refinished oak and fir floors throughout, barn style doors, a farmhouse style kitchen with ample cabinet space, and a laundry/rear entry mud room.Outside, the expansive lot has a rear patio, allows for an urban farm and garden, play, expand, or build—plus convenient access located on two city designed bike routes. The 2-bay garage provides storage or workshop potential on one side and garage door alley access on the other side, and there's plenty of off-street parking.Located close to schools, parks, and shopping. This property blends old Portland style charm and character with modern opportunity. Zoned and positioned to appeal to both personal homeowners and long-term investors/developers (buyer to verify development potential).Don't miss your chance to own this gem with space to grow—schedule your private tour today!