A rare opportunity to restore a piece of Portland history! This well-loved 1904 Foursquare is a diamond in the rough—offering the charm of a historic home combined with flexible zoning (Residential and CM2 Commercial Mixed Use), this property offers unlimited potential. Ideal for buyers looking for a fixer-upper, developers, or investors interested in a project with long-term possibilities. With a little vision, this classic beauty could be transformed into your dream home, business, or mixed-use development in one of Portland's most vibrant neighborhoods. Classic wood trim, built-ins, and period details throughout, offering tons of character with high ceilings, original wood floors, large windows that flood the space with light and cozy radiant heat. Upstairs you'll find 3 bedrooms with beautiful fir floors, a sweet pink bathroom, and deck with peek-a-boo views along with a wide staircase leading up to the attic with and plenty of storage and room to grow. The lower level features a separate entrance into the 4th bedroom/office/flex space along with a utility room and work room. Situated on a corner lot with a private and generous backyard space perfect for gardening, entertaining, and lounging. Just minutes from Division/Clinton, Hawthorne, and Belmont corridors with an abundance of dining, shopping, and entertainment options. Excellent access to bus and MAX lines for easy commuting. Walk Score 95/Biker's Paradise of 100! [Home Energy Score = 3. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10234548]