8921 SE Washington St, Portland

Outstanding development opportunity or generational living! Property is zoned RM1 and is primed for row housing or low density multi family, buyer to do due diligence. There is similar development just west of location, completed about 2 yrs. ago. Since 2018, it’s been a day care, office, and a rental, renting for $3750-$3880 /mo.Nestled in the heart of the sought-after Montavilla neighborhood in SE Portland, this large and inviting Craftsman bungalow is brimming with character and original charm. Sitting on a generous corner lot, the home offers a spacious yard perfect for outdoor enjoyment, complete with a detached 2-car garage and a cozy fire pit. Step inside to discover the timeless beauty of oak hardwood floors that flow throughout the main level. Original wood double-hung windows allow natural light to pour in, highlighting the rich details of the home. The formal entryway welcomes you with a large coat closet, and the spacious living room offers a cozy spot to unwind. The heart of the home is the elegant dining room, featuring stunning box beam ceilings, built-in bar and storage, and classic crown molding that adds warmth and sophistication.The kitchen is well-appointed with granite countertops, stainless steel appliances, and a charming breakfast nook. A bathroom on each floor adds convenience, and the main floor is home to two generous bedrooms with fir wood floors.Upstairs, the massive primary bedroom offers plenty of space and privacy, with a full bathroom just down the hallway. The full basement provides even more living space, including a large family room, a utility room with laundry, a bathroom, and a kitchenette—ideal for multi-generational living or a flexible living setup.Though the home is in need of some rehab and upgrades, the potential here is endless. Located just minutes from Montavilla's vibrant shops, cafes, and parks, this charming Craftsman is the perfect blend of old-world character and modern potential. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10013126]