Situated on a 7,840-square-foot lot in Portland's desirable Deering Center neighborhood, this well-maintained 2-unit multifamily property offers approximately 3,788 square feet of finished living space. As currently occupied, each unit includes 3 bedrooms, 1 full bath, a kitchen, and a living room. The 2nd unit has access to the 3rd floor, which could make it a 9-room unit with 2 full baths and 4 bedrooms. Here is where it gets EXCITING! Alternatively, the fully finished 3rd floor, counted in the city's living area, with a large kitchen with appliances, living room, family room, full bath, and large bedroom, while currently not a separate rental unit, could potentially become one with any required modifications and City of Portland approval to make a 3-unit property. Buyers are encouraged to do their own due diligence on that exciting possibility. Pride of ownership is evident throughout, with numerous major improvements already completed, including brand-new vinyl siding, rebuilt porches with composite decking, modern vinyl double-pane windows, a recent conversion to natural gas featuring new Buderus boilers and gas water heaters, and an invisible pet fence surrounding the backyard. A detached two-car garage with generous walk-up storage above adds even more value and functionality to this exceptional property.