Welcome to this timeless 1915 Craftsman in the heart of Gladstone, where historic character meets practical versatility. The main level offers a classic old-world layout with defined living spaces, including a light-filled living room anchored by a striking river rock gas fireplace, a dedicated dining room, and a kitchen that provides generous cabinetry and an efficient workspace. Also on the main floor are the primary bedroom, a full bathroom, and a cozy den or bonus room warmed by a gas stove, creating flexible space for an office, reading room, or additional lounge area. Upstairs, the layout transitions into charming upper-level character with a small loft featuring a closet and attic access, along with a spacious secondary bedroom which includes its own distinctive attic-style nook for added versatility. Outside, the property expands your options with a one-car detached garage offering ample storage and a large-paved driveway deep enough for RV parking, plus generous on-street parking. The detached garage structure equipped with a fully finished 780-sqft studio ADU, complete 1 full bath, a lower-level bonus area, and lower-level half bath, ideal for rental income, multigenerational living, or guest quarters. The expansive yard includes a storage shed, a charming wood picket fence with a gated driveway entry, a covered front porch, and a back deck perfect for outdoor enjoyment, all within walking distance to Clackamas River. This property blends historic charm, flexible living space, and income potential in one established Gladstone neighborhood setting.