This adorable 1935 Craftsman sits on nearly half an acre in the heart of downtown Lake Stevens, offering a rare investment opportunity. The main home features 3-bedrooms, 1-bath, boasting a charming exterior and untapped interior potential-perfect for restoration or modernization. Adding to its appeal, the property includes a duplex built in 1994, with two established 2-bedroom, 1-bath units already generating rental income. With multi-family zoning, this property offers incredible flexibility-whether you want to renovate, expand, or develop further. Located just minutes from the lake, shopping, dining, and top-rated schools, this is a prime opportunity to invest in one of Snohomish County’s most sought-after areas.