Rare Eugene development opportunity! This well-maintained 2-bedroom, 1-bath bungalow offers the perfect combination of timeless character, move-in-ready living, and future investment potential. Approved by the City of Eugene for lot division, this property provides the opportunity to build a second home, create a multigenerational living setup, or maximize long-term value. Prefer to keep the lot intact? Explore the potential for an ADU (Accessory Dwelling Unit) and additional rental income.Inside, you’ll find beautiful hardwood floors, abundant natural light, and classic architectural details that showcase the home’s old-school charm. The functional floor plan blends vintage appeal with everyday comfort, while a newer roof provides peace of mind.Outside, the detached garage, gated entry, and fully fenced yard offer privacy, security, and flexibility. The spacious lot provides ample room for expansion, development, gardening, entertaining, or simply enjoying the outdoors. Additionally, the backyard is pollinator friendly attracting bees, butterflies, and birds Conveniently located in Eugene, Oregon, near schools, parks, shopping, restaurants, and major commuter routes, this property is ideal for homeowners, investors, builders, and those seeking development potential. Opportunities like this, offering city-approved lot division, ADU potential, classic bungalow charm, hardwood floors, a detached garage, and a move-in-ready home, are increasingly rare.Whether you’re looking for a starter home, investment property, rental opportunity, or future development project, this versatile property delivers exceptional value and is priced to sell.Open House 6/13 11-1pm