Charming home situated on a rare quarter-acre-plus lot in Portland's Montavilla neighborhood, offering both convenience and potential. Its location provides easy access to local coffee shops, restaurants, shopping venues, and the historic Academy Theater. Approximately 1.5 miles away from Mt. Tabor Park, featuring a dog park, sports courts, playgrounds, trails, and an amphitheater. The nearby East Portland Community Center offers an indoor pool, fitness classes, and various community programs. Public transportation is readily available, with the TriMet 20-Burnside/Stark bus line nearby and easy access to the MAX Green Line, facilitating commutes across the city.Inside, the updated kitchen and dining area with newer cabinetry, a built-in buffet, tile flooring, granite countertops, dimmable lighting, and stainless steel appliances opens to the spacious living room featuring hardwood floors beneath laminate flooring and a wood-burning fireplace. The full basement includes a partial bath, laundry area with sink, family room, and tons of storage options, including a dedicated canning storage space. An additional 3rd level room upstairs great for primary suite or bonus with built-ins and additional attic storage access.The fully fenced backyard presents a versatile space for various outdoor activities, complete with an existing garden shed and a fenced garden area. Two garages, located on either side of the house, provide options for parking, workshop space, or additional storage.Zoned CM2 (Commercial/Mixed Use 2), this property offers untapped potential for income-generating development, allowing a wide range of commercial and residential uses. Its strategic location and zoning present a valuable opportunity for investment in a high-demand area. [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10231485]