Positioned in Bend’s coveted River West neighborhood, this unique two unit property offers exceptional flexibility for investors, owner occupants, or buyers seeking a hybrid use opportunity. The 1,848 SF main residence offers 3 bedrooms and 2.1 bathrooms, while the fully permitted detached ADU is privately positioned above the oversized 2 car garage and provides 550 SF with 1 bedroom and 1 bathroom. The property holds TWO transferable short term rental permits, creating a rare range of operating strategies. Operate the entire property as a rental, utilize both residences for short term rental income, or occupy the main home while generating supplemental income from the detached ADU. Each residence offers its own complete living environment, while the separation between structures provides added privacy for occupants and guests. The main home features an upgraded kitchen, gas fireplace, enclosed patio, vaulted bedroom ceilings, and primary suite, while the ADU includes its own entrance, full kitchen, living area, and private balcony. A fenced courtyard with gas fire pit, BBQ hookup, hot tub, and outdoor dining space further enhances tenant and guest appeal. The Deschutes River and Brooks Park are just steps away, with Drake Park, downtown Bend, 10 Barrel Brewing, The Lot, Bend Brewing Company, Deschutes Brewery, Newport Avenue Market, restaurants, shops, and recreation all nearby. This combination of location, two distinct residences, and TWO transferable short term rental permits creates a compelling opportunity for long term rental, vacation rental, or owner occupied investment use. Furnishings and appliances may be included with the sale, providing added flexibility for a buyer seeking a turnkey rental or move in ready opportunity.