$1,349,000

**RARE 1.83-ACRE DEVELOPMENT OPPORTUNITY WITH EXISTING 5-BEDROOM HOME!** An exceptional opportunity for builders, developers and investors to acquire a large parcel with an existing 3,046 sq. ft. residence. Zoned **LDR-7**, the property offers potential for **up to 7 additional single-family home lots or approximately 25 townhomes**. Buyer to perform all due diligence and independently verify zoning, density, development potential, utilities, access and requirements with the city of Gresham.The existing two-story home features **5 bedrooms, 3 bathrooms and 3,046 sq. ft.** of spacious living. Inside you'll find generous living and dining areas, extensive wood-style flooring, abundant windows and a large family room highlighted by a dramatic brick fireplace. The spacious kitchen offers a large center island with cooktop, double ovens, abundant cabinetry and counter space, plus a light-filled dining nook overlooking the property.Outside is where this property truly separates itself. A long paved driveway leads through the expansive grounds to the home and attached **3-car garage**, while the large, predominantly open acreage provides an impressive setting and intriguing possibilities for future development.**Live in the existing home, hold as an investment, or pursue the property's development potential.** A rare combination of acreage, an existing substantial residence and future possibilities—all in one property.