Beautifully Updated Family Home in Quiet Argay Terrace! Welcome to this nicely updated home in Portland's desirable Argay Terrace neighborhood. The main level offers bright, open living with a skylit kitchen and built-in breakfast bar as well as three comfortable bedrooms and two bathrooms. Warm, inviting and move-in ready, it's a home designed for comfortable everyday living. Major recent improvements include a new roof, new electrical panel, a new kitchen & a new bath as well as numerous interior updates mean you can move in with confidence while enjoying the charm of this established neighborhood. Situated on a spacious corner lot with mature landscaping, the property also offers generous outdoor spaces with fenced backyard, ample parking and convenient access to parks, schools, shopping, I-84 and Portland International Airport (PDX). Designed for Multigenerational Living. The lower level offers two separate living spaces, each with its own private entrance, creating a rare level of flexibility. Whether you're welcoming parents, adult children, or an extended family, everyone can enjoy their own space, come and go independently, host guests and maintain their own routines while remaining just steps away when it matters most. It's the kind of multigenerational layout increasingly in demand and is in short supply. If multigenerational living isn't your immediate need, this flexible space can generate rental income (downstairs currently rented for approximately $2,100 per month). Alternatively, use the space for Airbnb, accommodate long-term guests, create a home office, or simply enjoy the extra room. The possibilities are endless. This is a beautifully updated family home with exceptional flexibility and built-in income potential — an increasingly rare opportunity in today's market. PROPERTY VACANT BY CLOSE.