Welcome to 7007 North Knowles Avenue, a charming home on a corner lot in the highly desirable Arbor Lodge neighborhood, just under a mile from the University of Portland. This property offers an inviting blend of modern updates and classic charm. Inside, you'll find fresh interior paint throughout, including walls and trim, and beautifully refinished hardwood floors that flow seamlessly from the living room into the bedrooms. Open floor plan with two spacious bedrooms on the main. The kitchen has been completely refreshed with new flooring, cabinets, and countertops. The bathroom boasts a stylish new vanity and updated flooring. Fully finished basement with third legal bedroom, fourth den/studio, full bath and workshop/storage room and its own private entrance. With its flexible layout, the lower level could serve as a separate rental unit, duplex, or short-term rental—buyers are advised to confirm rental options with the city. Located just steps from Arbor Lodge Park, this home provides access to outdoor recreation, playgrounds, and community green space. Close to parks, dining, and local amenities, it offers excellent investment potential or multigenerational living opportunities. Seller has a roof bid and is prepared to replace the roof once an offer is pending. Buyer to pick out the roof color and roof warranty will be issued in the buyer's name and paid out of escrow. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10201447]