Located in Portland’s Creston-Kenilworth neighborhood, this versatile property offers convenient access to neighborhood parks, local cafs, popular dining, transit, and the everyday amenities that make close-in SE living so desirable. Blending privacy with convenience, the home is just moments from neighborhood amenities while offering a flexible, income-producing layout. A rare opportunity to own a property with valuable commercial zoning and a permitted ADU, this offering provides flexibility for both homeowners and investors alike.The main home is a bright and inviting 2BR, 1BA bungalow featuring freshly updated hardwood floors, a sun-filled living room, cozy wood-burning fireplace, and mini split cooling for year-round comfort. The permitted lower-level ADU studio offers a well-appointed full bath and a functional, self-contained living space ideal for supplemental rental income, guest accommodations, or flexible live/work use.Both units include private washer and dryer access, while the fully fenced yard provides functional outdoor space for relaxing or entertaining. A long driveway and detached two-car garage offer ample off-street parking and storage.Well-suited for buyers looking to live in the main home while renting the ADU to offset ownership costs, create a multigenerational living arrangement, or add a strong-performing asset to an investment portfolio. Previously occupied by long-term tenants and offering an estimated 5.5% cap rate, this property presents compelling income potential (Financials based exclusively on the Property Management Firm records, Buyer to verify).A rare SE Portland opportunity combining classic bungalow character, flexibility, and a highly accessible close-in location. New roof in 2023 and a 10/10 Home Energy Score! [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10011023]