Discover the versatility of this centrally located ranch-style home, boasting a separate entrance to its lower level. Positioned on a spacious alley lot with R-2 zoning, envision the potential for an additional rental income stream by constructing an ADU or converting the basement into a secondary unit for lease. Or, continue use as a productive investment property. This well-maintained residence features a modern kitchen and updated bathrooms, enhancing its appeal. Abundant natural light floods the inviting living and dining areas through expansive windows. Three bedrooms on the main floor share a well-appointed bathroom, while a convenient powder room adjoins the kitchen. The lower level offers a sizable recreational space, two rooms with egress windows, a laundry room, storage room and a 3/4 bath, providing flexibility and functionality. Outside, the expansive lot showcases a lush lawn and includes a 12×20 shed, ideal for a workshop or storing outdoor gear. Benefiting from its central location, residents enjoy easy access to midtown amenities, Bozeman High School, as well as a variety of shopping and dining options. This property offers the perfect blend of convenience and opportunity in a sought-after neighborhood.