A beautifully updated classic cottage awaits in inner Southeast Portland. This charming home features four bedrooms and two bathrooms, offering flexible living arrangements as either a spacious single-family residence or a property with potential for rental income, thanks to a separate basement entrance. Step inside to discover gleaming hardwood floors, new windows throughout, and a newly finished lower level built in 2025, complete with modern design materials. The lower level boasts a living room, a bedroom, a non-conforming bedroom, a bathroom, and a combined laundry room/kitchenette with a sink, cabinets, and countertop space. The main floor offers two bedrooms and a bath with natural stone, along with a kitchen featuring stainless steel appliances. Both the main floor and downstairs include a cozy fireplace. Enjoy year-round comfort with a high-efficiency furnace and air conditioning. The home benefits from updated plumbing and electrical, as well as new interior and exterior paint, and new gutters. Outside, the private backyard offers a peaceful garden and a low-maintenance yard. French doors open to a small rear patio, perfect for relaxing. A detached single-car garage and ample driveway parking provide convenience.Located on a quiet, friendly street that is a designated bikeway with low car traffic, this home offers exceptional walkability, bikeability, and easy access to public transportation. Excellent restaurants and coffee shops are just a block away, with nearby parks and convenient freeway access. [Home Energy Score = 5 HES Report at https://us.greenbuildingregistry.com/green-homes/OR10239434]