Nestled in the sought-after University Park neighborhood, just two blocks from Portsmouth Park, this adorable bungalow blends timeless charm with modern updates. Inside, you’ll find inviting living spaces, three comfortable bedrooms, and two full bathrooms, all enhanced by fresh interior and exterior paint and brand-new carpeting. French doors open to an expansive back deck, creating the perfect setting for seamless indoor-outdoor living, entertaining, and al fresco dining.The property also offers exceptional flexibility and future potential. A detached two-story studio provides an exciting opportunity to create a guest cottage, home office, or potential ADU with the addition of some plumbing, stairwell enclosure, and additional "light" updates - (purchaser to verify possibilities with the city and county.) The lower level, already plumbed for a toilet and featuring its own exterior entrance, presents even more potential for future living space or an additional ADU conversion (buyer to also verify all uses and development potential). This is a rare opportunity to own a charming home with room to grow in one of North Portland’s most desirable neighborhoods. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10249660]