It was acceptable for what we needed, which was a place to sleep while we visited friends in this part of town. It was clean, the bed was comfortable (in a firm, futon sort of way). It's a basement, there were a couple of spiders but they were relatively small and we let them stay.
Kitchen was adequate, but supplies were limited, nothing is provided. No hand towels, just a roll of paper towels.
Bathroom was okay, shower was good, but again no hand towels provided.
The noise from the guests upstairs was pretty loud. Sounded like a party of lumberjacks in their workboots - they weren't being super loud, just talking and walking, but every sound comes through loud and clear, word for word. We even heard snoring in the morning.
I would say that for the price this little basement spot is a good place to stay. The location is great and the neighborhood is good to walk in especially if you head toward Alberta St from Prescott. Also would highly recommend the restaurant CereusPDX 2 blocks from this place, on Prescott near 15th. Fantastic food and service, priced very reasonably.