2 homes 1 lot!!! High probability of dividing under Portland Middle Housing guidelines. Each home has it's own address and street frontage. ADU is 5510 N Atlantic. Discover a rare opportunity in one of North Portland’s most sought-after neighborhoods! Ideally located just blocks from Adidas North America Headquarters, a vibrant mix of local dining, and the scenic overlooks along Willamette Boulevard Bluff, this unique property offers versatility, charm, and income potential. The original 1912 bungalow exudes classic character with 3 bedrooms and 1 bath, featuring a welcoming front porch, cozy den, and convenient main-level laundry. A partial unfinished basement includes a drive-under attached garage, while recent updates like a new furnace (2023) and newer water heater add peace of mind. Tucked alongside is a fully permitted ADU built in 2016 with a distinctive and spacious design. This one bedroom plus den home includes 1.5 baths, onsite laundry, and beautiful reclaimed hardwood floors complemented by high ceilings. The oversized attached two-car garage and expansive driveway are a rare find, offering exceptional parking and storage. Enjoy a private yard and separate front porch perfect for guests, extended living, or rental income. Whether you’re looking for multigenerational living, an investment opportunity, or a place to call home with added flexibility, this property delivers in both location and lifestyle.