Welcome to 4 Commerce Street, a rare opportunity to own a beautifully updated and well-maintained 2-family home offering 2,475 square feet of living space, perfectly situated on a quarter-acre lot in the heart of Portland. This versatile property features two spacious 2-bedroom, 1-bathroom units, each with excellent floorplans and updated finishes. The lower-level unit also boasts an additional 416 sq ft of finished space in the basement along with an additional half bath - ideal for extra storage, recreation, or a home office. Lovingly cared for and owner-occupied by the same family for over 35 years, this home shines with pride of ownership. You'll love the large, fenced-in backyard complete with an above-ground pool, perfect for summer fun and entertaining. This home also has an oversized, heated one car garage, 2 separate driveways, and a brand new 35 year roof! Located in the B3 zone, this property offers exciting flexibility for potential commercial use or conversion to a single-family home-giving you options for investment, business, or multigenerational living. Enjoy the convenience of being just steps to shopping, dining, schools, and more in one of Portland's most walkable and desirable neighborhoods. With great mechanicals, thoughtful updates, and excellent long-term potential, this property is a smart addition to any portfolio or a fantastic place to call home.