Tucked into Portland’s Creston-Kenilworth neighborhood, this one’s got range. Equal parts classic bungalow charm and savvy income-producing opportunity, this versatile property pairs a sunny 2BR/1BA main home with a permitted lower-level ADU studio—all just moments from neighborhood parks, local cafés, popular dining, transit, and the everyday perks that make close-in… Read More SE living so appealing. Step into the main home and you’ll find all the character you’re hoping for: freshly updated hardwood floors, a light-filled living room, and a cozy wood-burning fireplace that anchors the space. Mini split cooling keeps things comfortable year-round, while the thoughtful layout makes everyday living easy.Downstairs, the permitted studio ADU offers a well-appointed full bath and serious flexibility. Whether you’re looking for supplemental rental income, a guest retreat, work-from-home separation, or multigenerational living potential, this space is ready to adapt. Both living spaces include separate washer and dryer access, adding convenience and independence for day-to-day living. Outside, a fully fenced yard offers room to relax, garden, or entertain, while the long driveway and detached two-car garage provide plenty of off-street parking and storage. Live in the main home and let the ADU help offset ownership costs, create space for extended living, or add a strong-performing asset to your portfolio. With commercial zoning, a history of long-term tenancy, and an estimated 5.5% cap rate, this is flexibility at its finest. Financials based exclusively on the Property Management firms records, Buyer to verify. A rare close-in SE opportunity with classic character, built-in versatility, and income potential to match. New roof in 2023 and a 10/10 Home Energy Score! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011023] Read Less
Architectural Style: Stories2, Bungalow, Building Area Calculated: 840, Building Area Description: Tax, Building Area Total: 1680, Built in 1929, Lower Level Area Total: 840, Main Level Area Total: 840, Stories: 2
All information provided is deemed reliable but is not guaranteed and should be independently verified.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Erika George and Kari McGee
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.