Priced below assessed value! Nestled in Portland's coveted Alberta Arts District, this Craftsman-style gem is just waiting for it's new owner! This amazing property has endless opportunities! Main level living complete with 3 bedrooms and 1 bathroom, brand new LVP flooring throughout main, drenched in natural light with high ceilings and ample space, access to laundry, storage and backyard. The lower level is a fully permitted ADU featuring 3 bedrooms and 1 full bathroom with it's own entrance and shared yard space. The upstairs is a remodeled, furnished loft studio complete with open railing staircase, vaulted ceilings with skylights, a kitchenette and full bathroom with a/c! This home has amazing income producing potential in a thriving neighborhood where everyone loves to live! This would also be the perfect "House Hack" for a savvy buyer looking for opportunity! Live in 1 one of the units and rent out the other spaces! This property is situated in a low tax district which is just icing on the cake for this home! Don't miss this opportunity to own a piece of Portland history in one of the city's most desirable neighborhoods. Schedule your showing today and experience urban living at its finest with a walk score of 95 and a bike score of 100!