Opportunity awaits in one of Portland's most iconic neighborhoods. Full of historic character and timeless charm, this spacious home offers a flexible floor plan with the potential for multigenerational living, extended guest quarters, or the opportunity to generate rental income (buyer to perform due diligence). With solid bones and endless potential, it's ready for someone with vision to restore its beauty while building instant equity. Set just moments from Ladd Circle Park and its charming rose garden squares, the location delivers that classic Southeast Portland lifestyle. Tree-lined streets with a peaceful, tucked-away feel, yet just blocks from the energy of Hawthorne and Division. Coffee shops, bistros, taprooms, and local events are all within easy reach. Surrounded by craftsman homes and mature trees, this is a rare chance to restore something special in a neighborhood known for its charm, walkability, and timeless appeal.