Opportunity knocks in University Park! Perfectly positioned on a corner lot directly across from the University of Portland and Merlo Field, this spacious and versatile 7-bedroom, 3-bathroom home offers endless potential. Whether you're looking for a solid long-term investment, multigenerational living or simply more room to live and grow. The main floor blends timeless character with comfort, featuring newly refinished hardwood floors and a welcoming living room centered around a classic fireplace. The kitchen offers a built-in microwave, free-standing range and a breakfast nook, plus a separate dining area for larger gatherings. Two bedrooms and a full bath with a tub/shower combo complete the main level. Upstairs, you'll find two additional bedrooms and a second full bath with a walk-in shower. The finished basement adds even more flexibility, with three more bedrooms, a third full bath and a laundry area with newer washer and dryer. The layout is ideal for providing both space and privacy for a variety of living situations. Outside, enjoy a partially fenced backyard ready for summer hangouts, a detached garage and paved adjacent parking. Updates include a newer roof and windows (approx. 2017) and water heater with a tank booster. Situated between St. Johns, Portsmouth and Kenton with easy access to New Seasons, Willamette River, local restaurants, parks, Astor K-8 and Roosevelt High. This is North Portland potential at its best! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239316]