Opportunity meets potential in Portland's highly sought-after Back Bay neighborhood. Whether you're an owner-occupant looking to offset your mortgage or someone eager to build sweat equity in a character-filled home, 44 Hersey Street offers a rare chance to create value in one of the city's most walkable locations. This classic Victorian-style duplex features two distinct living spaces: a convenient first-floor 1-bedroom, 1-bath unit and a spacious multi-level 4-bedroom, 1.5-bath unit above. The larger unit offers generous living space and flexibility for an owner occupant, while the additional unit presents a strong opportunity for rental income. The home retains much of its original charm and character, with high ceilings, period details, and a layout that blends historic appeal with everyday functionality. While the property could benefit from some cosmetic updates, it has been pre-inspected for buyer confidence, and the pricing reflects the improvements a new owner may wish to make. For buyers with vision, this is an ideal chance to personalize the space while building meaningful equity. Outside, the property truly shines. Enjoy a fully fenced backyard perfect for pets, gardening, entertaining, or relaxing around the fire pit. The two-car garage offers valuable off-street parking and storage--an uncommon feature in this neighborhood--and there is potential for future expansion for those looking to grow the property's footprint over time. A walkout, partial daylight basement provides additional utility and flexibility. Located just steps from Baxter Boulevard, parks, playgrounds, schools, neighborhood restaurants, and local shopping, this home offers the lifestyle so many buyers seek--walkable, vibrant, and connected to the best of Portland. With its character, income potential, outdoor space, and prime Back Bay location, 44 Hersey Street is a compelling opportunity for the right buyer to invest in both a home and their future.