2606 SE 16TH AVE Portland, OR 97202

This light-filled 1910 Craftsman was meticulously restored down to the studs, including all new systems, in 2022. Lovingly maintained, it's nestled between two of Portland's most desirable neighborhoods Hosford-Abernethy/Ladd's Addition and has an established Accessory Dwelling Unit providing a rare, turnkey income-producing opportunity!Arched doorways, hardwood floors and large windows define the main level. The living room with its handcrafted brick fireplace flows into a formal dining room with glass built-ins. The updated kitchen features custom cabinetry, dark stone countertops, stainless appliances including gas range, and a sunny breakfast nook and a laundry room, leading to a half bath. Upstairs, a primary bedroom features an en-suite full bath with heated tile flooring. Two additional bedrooms share a second full bath, which has floor-to-ceiling tile, bathtub, and a walnut vanity.The basement offers a finished, nearly 650-square-foot rec room—ideal for a media room, gym, or studio—plus additional partially finished storage. The fenced, landscaped backyard with patio and lawn is well suited for outdoor dining and summer gatherings.The 685-square-foot detached ADU, completed in 2022, has a private entrance and designated parking with an EV charger. A one-car garage offers additional parking or storage. Spanning two levels, the ADU features a full kitchen, living area, bedroom, and full bath. With three years of consistent five-star Airbnb reviews, this established ADU generates over $40K annually—an amazing turnkey investment opportunity, ready for a new owner to take over!Situated in a highly sought area of Portland, this home is just three blocks from "Seven Corners" grocery and moments from Division and Clinton Street's acclaimed restaurants, shops, cafes, and bars and boasts a Walk Score of 92 and Bike Score of 100. Offer Received - deadline 5/19 @ 8am [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10191503]