Property Description

What an opportunity! Beautifully updated newer construction in the desirable University Park neighborhood, featuring a fully detached and completely private ADU with an established short term and 30 days+ rental income history. New exterior paint in 2025! The ADU was permitted in 2018 and offers excellent flexibility, whether used to generate supplemental income, accommodate extended family, or provide a private guest space. Short term rentals are allowed, and the unit produced over $22,000 in Airbnb revenue in 2023. The detached ADU has its own alley access, dedicated parking pad, and full separation from the main home, creating a true sense of privacy. With approximately 502 square feet, the one bedroom unit is thoughtfully designed to feel open, light filled, and comfortable, making it ideal for visitors or short term stays. The main residence offers a well laid out floor plan with three bedrooms and two full bathrooms upstairs both with skylights, plus a half bath on the main level. A sunny south facing front porch leads into a spacious living area featuring a gas fireplace and luxury vinyl plank flooring. New wrap-around paver walkway to back yard and ADU. The open layout is ideal for everyday living and entertaining. Upstairs includes newer carpet, two bright secondary bedrooms, and a generous primary suite with a walk in closet, hex tile flooring, and tasteful designer finishes. Major system updates include central air conditioning added in 2021, a new roof in 2018, a new electrical panel with 200 amp service in 2017, and a gas furnace installed in 2014. The location is hard to beat, with easy access to New Seasons, Cathedral Coffee, and nearby neighborhood favorites. Astor and Roosevelt schools are both within one mile. This is a rare opportunity offering flexibility, income potential, and modern comfort in a fantastic North Portland location. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231709]