For you, your partner, and one or two other couples - this place would be a great home base for a Portland adventure! Easy access to transit, parking for one car, comfy beds, and enough of a kitchen to prep breakfast for your late-rising group make this everything you need for those who don't need much.
For families, there are a few caveats - there are a number of not-childproofed items which you'll need to police when you arrive, and we found that in the winter we struggled the keep the place warm enough to assuage our worries about our infant being warm enough overnight. Our kids also found a plethora of dust bunnies underneath their beds, which wasn't great. But there was TV (no streaming services) to hypnotize them as we got ready for the day, and nobody fell on the steep stairs, so alls well that ends well.