Fantastic opportunity to own 1.07 acres in the city with R5 zoning. Two separate living spaces with their own entrances - both currently leased through 2/28/25; plus an RV pad which is leased - total gross monthly income $4,374 (seller pays all utilities except cable). Each level has its own kitchen, laundry, full bathroom and living area. Garage features a 117sf studio/bonus/6th bedroom with a full bathroom. Plenty of off street parking and two parking pads, one covered, perfect for RVs, boats or your outdoor toys. Quiet area, steps from Springwater Trail. Perfect for multi-generational living or live on one level and lease the other space for added income. Development potential for a possible 7 lot subdivision - buyer to verify all information. Early assistance documentation and 7 lot layout available. Photos 2-11 from 2022. Also listed in lots/land RMLS #24161042 and multifamily RMLS #24440969. [Home Energy Score = 6. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10200867]