Exceptional South Anchorage home with a versatile ADU and endless possibilities! Located in a desirable South Anchorage neighborhood, this property offers the flexibility to function as a multi-generational home, income-producing property, or be converted back to a single-family residence. The upstairs features 2 bedrooms, 2 bathrooms, a spacious family room, attached garage, and an oversized deck--perfect for entertaining or enjoying the outdoors. The lower level offers a separate entrance with 3 additional bedrooms, a full bathroom, and convenient access to the carport. 15,500 SF lot with raspberry bushes, large shed and fenced dog run or gardening area. Additional highlights include COSA approval, completed well/water inspection, and a brand-new furnace and hot water heater installed in January 2026. With its flexible layout, desirable location, and recent upgrades, this is a must-see property!