$100k price improvement! Welcome to your dream multi-family home in the heart of Portland! This meticulously restored Old Portland foursquare is situated in a prime location between Richmond and Hawthorne, offering you the best of both worlds. Operating as a permitted duplex, with the potential for a 3rd unit ADU, this home is perfect for both the saavy homebuyer seeking versatility and income-generating opportunities or the avid investor looking for a great ROI. Unit 1 exudes timeless elegance and welcomes you with a grand entrance adorned with original marble tile floors and stained millwork. Ascend to the upper two floors, where you'll discover a delightful blend of modern comforts and historic charm. Two spacious bedrooms and luxurious bathrooms provide ample space for relaxation and rejuvenation while the full kitchen/dining area provide the perfect setting for culinary creations and memorable gatherings. The pièce de résistance awaits on the uppermost floor, an enchanting attic loft with breathtaking 360-degree views of the city that can be used as another living space. Unit 2 is a haven of contemporary design and functionality. The massive open concept kitchen/dining area sets the stage for culinary adventures and lively entertaining. On the main floor, a full bath and two large bedrooms offer comfort and privacy. In the fully finished basement you'll find two additional bedrooms, a full bathroom, plus an open living/dining area. This can be transformed into a third unit if desired, offering endless possibilities for customization. The remodeling process has tastefully preserved the original doors and trim, showcasing the home's historic character while seamlessly integrating modern elements such as new plumbing and electrical systems. Embrace the potential of a duplex lifestyle, renting Unit 1 for $3500-$4000/mo or unlock the income-generating possibilities of unit 2 which includes an ADU by renting the 2 units within for $2500 each for a total of $5k/mo! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10187796]