~Three Living Spaces. Immediate Rental Opportunity. Endless Possibilities.~Rare opportunities like this don't come along often. Located in one of McMinnville's most desirable neighborhoods, this unique property offers three separate living spaces on one beautifully landscaped .28-acre lot ideal for house hacking, multi-generational living, rental income, or a combination of all three. The detached 660 sf 1 bd/1 ba cottage is now vacant and ready for its next chapter, giving the new owner the immediate opportunity to establish market-rate rent, create a private guest house, or provide independent living space for extended family. The 1260 sf. lower-level suite offers its own kitchen, bath, fireplace, studio space, and private living area, while an existing tenant provides immediate rental income from day one. The spacious main home offers over 2,051 sf. of flexible living space featuring a main-level bedroom, den, expansive living and dining rooms with fireplace, an eclectic kitchen full of character, and a relaxing steam shower/tub combination. Upstairs you'll find two generous bedrooms, an additional bedroom, loft space, and a full bathroom, creating room for a variety of lifestyles. Outside, mature trees, winding garden paths, lush landscaping, cozy sitting areas, and expansive deck create a peaceful retreat just minutes from downtown McMinnville. Recent improvements include a new roof, new windows, refreshed exterior paint, and a stunning oversized deck, allowing the next owner to focus on enjoying the property and maximizing its potential. Whether you're looking for a home that helps offset your mortgage, accommodates multiple generations under one roof, or offers immediate income potential, this is a property that truly works as hard as you do. Seller is the Estate of Derek Goad. Listing agent is related to the seller. Buyer to perform due diligence regarding rental uses and income potential.