Charming and spacious, this 1942 University Park home offers a harmonious blend of classic architecture and modern updates. Just blocks from the University of Portland, this residence is perfectly situated in a vibrant neighborhood, combining convenience with the tranquility of a well-established community. This delightful home features five bedrooms and two bathrooms, thoughtfully distributed across three levels to maximize space and privacy. The main floor boasts two cozy bedrooms and a completely remodeled bathroom, epitomizing comfort and style. The living spaces on this level are designed to facilitate seamless daily living and entertaining, with abundant natural light enhancing the warm, welcoming ambiance. The basement presents an exciting opportunity for an Accessory Dwelling Unit (ADU), with two additional bedrooms and a bathroom, offering potential for rental income or extended family living arrangements. This versatile space is ripe for customization to suit your unique needs and preferences. Ascending to the upper level, you'll discover nearly 500 square feet that houses the fifth bedroom. This expansive space can easily be transformed into a luxurious primary suite, a creative studio, or a playroom, depending on your lifestyle requirements. This versatile property is more than just a house; it's a home that caters to a variety of living situations, from growing families to investors seeking an opportunity with ADU potential in an established neighborhood. An included home warranty offers peace of mind, so don't miss the chance to make this enchanting Portland residence your own.