Extensively updated R2.5-zoned home in the heart of Kenilworth offering immediate income and future potential. This property blends modern updates with classic Portland charm. The main-level residence features 2 bedrooms, 1 bath, hardwood floors, an open-concept kitchen with quartz countertops, stainless steel appliances, and in-unit laundry. Upstairs you will find a light-filled 1-bedroom, 1-bath ADU that also offers hardwood floors and its own washer and dryer, plus ample storage. Recent improvements include mini splits, backyard landscaping, paver patio/driveway, fencing, and a clean basement with separate entrance ready for storage, possible workshop, or future development. Great opportunity for an owner-occupant to supplement with rental income, or for an investor to lease out. This property offers exciting possibilities for future expansion. The basement presents potential for additional living space, while the generous backyard may provide opportunities for further development, including a detached ADU or other uses permitted under current zoning (buyer to perform all due diligence with the City of Portland). Whether you're looking to house hack, grow your investment portfolio, maximize long-term value, or accommodate multigenerational living, this rare property offers a level of flexibility and future potential rarely seen.Located just minutes from Gladstone, Division, Clinton, and Woodstock, parks, coffee shops, restaurants, and convenient access to downtown Portland. Schedule a showing today!