If there are squatters it is still a vacant property.
GGW has a post titled "Vacancy at the Parkway Guesthouse Abandominium" a play on the word abandoned and condominium. According to the post, when visited the property was not secure, doors were not locked and anybody could come in. According to photographs it looks pretty rough and a ceiling has fallen in.
The property at 1260-1272 Talbert Pl SE was purchased last year for (according to GGW) 1 million dollars. One can assume that it will eventually get torn down and developed. There is a permit to raze the property (# R0900193).