New Incredible Price! (7/30) Nestled on a quiet street just off the bluff in University Park, this classic Cape Cod Revival blends 1940s charm with thoughtful modern updates. The main level features original oak hardwoods and abundant natural light throughout a warm, welcoming floor plan. A spacious living room with a wood-burning fireplace flows into the formal dining room—perfect for everyday living or entertaining. The updated kitchen boasts modern cabinetry, quality appliances, a cheerful breakfast nook, and side-door access to the driveway. Two generous bedrooms and a full bath are also on the main level, including one with sliding doors to the backyard—ideal for a guest room or home office. The finished lower level offers flexible living space with a family room, two conforming bedrooms, and a full bath with walk-in shower and dual vanity. A fully permitted remodel, completed in 2014, added quality upgrades throughout, including new electrical wiring, PEX water lines with a recirculating hot water system, and a reliable hardwired security system. It even has a high-efficiency heat pump with A/C and the advanced feature of 3-zone independent climate control! Upstairs, the spacious primary bedroom offers privacy and future potential, with plumbing roughed in and additional electrical circuits installed for a future bathroom dormer. Enjoy the beautifully landscaped backyard with a covered patio, lush lawn, and a stunning magnolia tree. A full fence provides privacy, and rear alley access allows for future development. A long driveway and detached garage offer ample parking. Located on the desirable east side of University Park near the University of Portland, this home is minutes from Arbor Lodge, Cathedral Park, and several popular grocery stores, restaurants, and cafes. [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239562]