First time on market in 60 years! Exceptional living in one of South Eugene's most desirable locations. With multiple living spaces, separate entrances, and endless flexibility, this property offers a setup that's nearly impossible to find. Whether you're looking to divide the lot, build an ADU, accommodate extended family, create private guest quarters, establish separate work-from-home spaces, explore rental opportunities, or simply enjoy room to spread out, the possibilities are truly limitless. The main home features 5 bedrooms + 2.5 baths complemented by a private studio with full bath, kitchenette, and separate entrance. Upper level can be locked off to become a 3 bedroom flat with full bath & kitchenette. A partially finished basement adds another layer of versatility with 2 finished rooms, half bath, and laundry area. Beyond the home's incredible flexibility, the setting is just as impressive. Situated on a large lot with mature landscaping, the outdoor spaces feel both peaceful and private. Enjoy beautiful sunset views from the back porch, unwind around the yard, or take advantage of the convenient alley access and oversized garage. Inside, you'll find the charm and character that makes this home so special. Hardwood floors run throughout much of the home, a cozy gas fireplace insert creates a warm gathering space with formal and informal dining options. The kitchen features updated granite countertops, custom cabinets and a stainless steel range hood. Updates include roof in 2026, electrical panel, heating and cooling, exterior paint, carpet & more. Less than 4 minutes to the University of Oregon, Matt Knight Arena, Hayward Field with Laurelwood Golf Course, Amazon Park and Ridgeline Trails, the new YMCA, shopping, dining, and coffee just minutes away this home offers an unbeatable combination of location, character, flexibility and income potential. Pre-inspected and move-in ready, this is a truly unique property that must be experienced in person!