Just blocks from the University of Oregon and Matthew Knight Arena, this beautifully updated 1948 home blends original character with extensive modern improvements and incredible flexibility. The main level features two bedrooms including a primary bedroom with a walk in closet and ensuite. Beautiful refinished original hardwood floors add charm and character. The kitchen is updated with granite countertops, soft-close cabinetry, newer stainless steel appliances, a large pantry and eat up bar. The home boasts fresh interior paint, new trim and convenient main-level laundry hookups. The light-filled basement offers high ceilings, new LVP flooring, additional laundry hookups, a separate exterior entrance, and plumbing already in place for a second kitchen-creating exciting potential for dual living, rental income, or a future duplex conversion. The home was extensively rebuilt approximately 15 years ago, including the foundation, electrical, plumbing, siding, windows, drywall, interior finishes, and roof. Ductless heat pumps add to the modern comfort. Additional features include fiber cement siding, new cedar fencing (to be completed asap), a partially covered back patio with gas hookup, storage shed, sump pump with generator hookup, and abundant off-street parking for up to six vehicles, plus two permitted street parking spaces. Located in the highly sought-after South Eugene school district, this versatile property offers an exceptional opportunity as a family home, dual-living, investment property, or campus-area rental.