Rare opportunity to secure a spacious .26-acre lot in Southeast Portland with multiple paths to create value. Whether you’re looking to renovate the existing home, replace it with a brand-new manufactured home, build a custom residence (subject to approvals), or explore future development potential, this property offers flexibility that’s increasingly difficult to find. The existing 1,848 SF manufactured home features 4 bedrooms and 2 bathrooms and is in need of substantial renovation, offering a blank canvas for investors, builders, flippers, or buyers with vision. Preliminary research indicates buyers may be able to purchase, deliver, and install a new 3- or 4-bedroom manufactured home for under $200,000, before site-specific costs, permitting, and buyer-selected upgrades, providing an attractive alternative to renovating the existing structure. Numerous modern floor plans are available ranging from approximately 1,800 to over 2,200 square feet. Ask your broker about available replacement home options and estimated installation costs. Buyer to perform all due diligence regarding zoning, development potential, replacement options, permitting, utilities, and permitted uses. Conveniently located near parks, shopping, schools, dining, and major commuter routes, this is a rare chance to acquire a versatile property with exceptional upside in a growing Southeast Portland location.