1116 SE Stephens St, Portland, OR 97214

Fully permitted ADU ready to earn you income while you build equity! Lives like a duplex! Exceptional opportunity in the heart of Ladd's Addition, ideally situated between the vibrant shops, restaurants, and cafes of both Division and Hawthorne. Fully remodeled and thoughtfully designed for flexible living, this unique property offers options for owner-occupants, investors, multi-generational households, shared ownership, or house hackers looking to offset expenses. The main residence features an open, beautifully remodeled kitchen centered around a large island, creating an inviting space for cooking, gathering, and entertaining. The main-level primary suite serves as a private retreat, featuring a beautifully remodeled bathroom with a soaking tub and oversized walk-in shower, while the finished lower level includes two additional bedrooms and a full bathroom. A separately accessed, fully permitted studio ADU offers its own kitchen, bathroom, private entrance, and laundry hookups, creating excellent potential for rental income, guest accommodations, home office space, or independent living. One of the property's most unique features is its flexibility. Depending on a buyer's needs, the main-level living space can function comfortably on its own, while the lower level and ADU create opportunities for additional living, guest, or income-producing arrangements. Whether you're looking for an income-producing property, a place to share with friends or family, or a home that can adapt to changing needs over time, this property offers a rare combination of versatility and location in one of Portland's most beloved neighborhoods.