Development Opportunity in Prime Milwaukie Location! Bring your vision to this exceptional property offering both immediate livability and outstanding future potential. Situated on a spacious 0.51-acre lot in desirable Oak Grove, this one-level home features 5 bedrooms, 3 bathrooms, and plenty of room to spread out. Inside, you'll find a large open kitchen and dining area, generous-sized bedrooms including a primary suite, and two separate family rooms providing flexible living space. Additional amenities include an attached garage, carport, and ample parking for RVs, boats, or other recreational vehicles. The real value lies in the land. Zoned R7, the property offers a potential development opportunity with the possibility of creating 3-5 lots (buyer to verify with local authorities). Whether you're looking for a comfortable home with room to grow, an investment property, or a future development project, this property presents a rare opportunity. Conveniently located just minutes from downtown Milwaukie, the future MAX station, Sellwood, shopping, dining, and parks, this is a unique chance to secure a large dividable parcel in a rapidly growing area. Live in it, invest in it, or develop it-the possibilities are endless.