Prime University Place location! One-owner 1-story home with a huge unfinished basement, packed with potential and ready for its next chapter. This 3-bedroom, 1-bath time capsule is full of charm, featuring hardwood floors and a sweet, vintage kitchen with classic character. The cozy living room offers a wood-burning fireplace with gas insert (propane tank removed), and vinyl windows are installed throughout. Laundry hook-ups are available in one of the bedrooms and also in the unfinished basement, which includes both interior access and separate exterior entry—offering flexibility for storage, future expansion, or potential additional living space. The fully fenced yard spans four lots and includes an oversized detached one-car garage. Per the City of University Place, potential development options may include one single-family residence + two ADUs, or one duplex + one ADU (buyer to verify all development possibilities). An exceptional opportunity for investors, builders, or buyers looking for versatility, upside, and long-term value in a highly desirable location. Walking distance to Whole Foods and amenities.