This unique 1979 split-level home, with a shop, in SE Portland offers incredible versatility and potential, located in a vibrant neighborhood near popular bars, shops, and just a short drive to Downtown. Featuring 4 bedrooms, 2 bathrooms, plus a bonus room in the partially converted garage ideal for a 5th bedroom or office, the home includes fresh interior and exterior paint, two fireplaces, wall-to-wall carpet in bedrooms, vinyl flooring in living areas, a deck for entertaining, and updated systems including A/C, heat pump, HVAC, and water heater. A standout feature is the outbuilding—formerly a commercial kitchen—equipped with plumbing, electricity, its own water heater, walk-in freezer and refrigerator, and a bathroom. While the interior needs updating, the freshly painted exterior and infrastructure offer huge potential for use as a commercial kitchen, meat storage, hobby space, or future ADU. The gated entrance offers added privacy and security, and the expansive parking area can easily accommodate multiple vehicles, an RV, or even a boat. This property offers a rare mix of residential comfort and commercial-commissary flexibility—is perfect for buyers looking to invest in a dynamic neighborhood.