Thoughtfully updated Multnomah Village bungalow with flexible living and income potential. Located just blocks from Spring Garden Park and minutes to Multnomah Village, this home blends classic charm with modern updates.The main level offers a comfortable 3-bedroom, 2-bath layout with refinished hardwood floors and a light-filled, open living space. The updated kitchen flows seamlessly into the dining and living areas, creating an easy, connected feel for everyday living and entertaining. A new electric fireplace adds warmth and character for cozy evenings at home. Downstairs, the walk-in daylight lower level functions as a private 1-bedroom, 1-bath with its own entrance, refreshed kitchen and bath, a generous bonus room, and separate laundry. Ideal for guests, multi-generational living, a home office suite, or potential rental income, this space offers flexibility. Outside, recent improvements include fresh exterior paint, a statement front door, a newly built porch and retaining wall, and a back deck designed for summer evenings. A rare combination of location, thoughtful updates, and versatile living in one of SW Portland's most loved neighborhoods