Welcome to your unique urban retreat—where lovingly preserved historical craftsmanship meets modern industrial design. Nestled in a quiet node at the heart of the city, this hip gem is loaded with x-factors, blending classic charm with contemporary architectural living. Original hardwood floors, classic millwork, tall sash windows, and reclaimed features pay homage to the home’s storied past, while an impressive list of thoughtful renovations, designer fixtures and countless upgrades go well beyond the expected comforts of modern living. Skylights, full ADU, semi-detached office/artists studio with dedicated storage and cleanup sink, a completely rebuilt foundation, built-in furniture, tankless hot water, newer plumbing, electrical & hvac systems, a cedar sauna, entertainer’s deck, tranquil yard, and a stunning vaulted kitchen with reclaimed island counter and exposed steel supports are just a few of the highlights. Outside you’ll be wowed by the generous and relaxing outdoor oasis hiding comfortably in the center of the city. Beyond the impressive list of features lies the VIBES. Lovingly restored by a local architect, both form and function take center stage in this one of a kind home. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239906]
Sold
$550,000
2617 S Water Ave, Portland, OR 97201
3beds
1,591sqft
Residential, Single Family Residence
Built in 1890
2,178 Square Feet Lot
$551,100 Zestimate®
$346/sqft
$2,764 Estimated rent
Home value
$551,100
Estimated sales range
Not available
$2,764/mo
Zestimate® history
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$3,354/mo
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List your homeWhat's special
Tranquil yardCedar saunaBuilt-in furnitureTall sash windowsStunning vaulted kitchenOriginal hardwood floorsExposed steel supports
Zillow last checked:
Listing updated:
Listed by:
Janna Green neportland@johnlscott.com,
John L. Scott Portland Central,
Paul Rastler 503-575-5415,
John L. Scott Portland Central
Bought with:
Brian Bellairs, 920100098
John L. Scott
Source: RMLS (OR),MLS#: 562119551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Features: Closet, High Ceilings, Wood Floors
- Level: Main
Bedroom 2
- Features: Builtin Features, High Ceilings, Wood Floors
- Level: Main
Bedroom 3
- Features: Exterior Entry
- Level: Lower
Dining room
- Features: High Ceilings, Wood Floors
- Level: Main
Family room
- Features: Exterior Entry, Family Room Kitchen Combo, Kitchen Dining Room Combo, Studio
- Level: Lower
Kitchen
- Features: Ceiling Fan, Island, Vaulted Ceiling, Wood Floors
- Level: Main
Living room
- Features: Builtin Features, High Ceilings, Wood Floors
- Level: Main
Heating
- Ductless, Mini Split
Cooling
- Has cooling: Yes
Appliances
- Included: Dishwasher, Free-Standing Range, Washer/Dryer, Electric Water Heater
- Laundry: Laundry Room
Features
- High Ceilings, Vaulted Ceiling(s), Built-in Features, Studio, Family Room Kitchen Combo, Kitchen Dining Room Combo, Ceiling Fan(s), Kitchen Island, Closet, Cook Island
- Flooring: Concrete, Wood
- Windows: Vinyl Frames, Wood Frames
- Basement: Daylight,Finished,Separate Living Quarters Apartment Aux Living Unit
Interior area
- Total structure area: 1,591
- Total interior livable area: 1,591 sqft
Property
Parking
- Parking features: On Street, Parking Pad
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Caregiver Quarters, Parking, Pathway, Accessibility
Features
- Stories: 2
- Patio & porch: Deck, Porch
- Exterior features: Garden, Sauna, Yard, Exterior Entry
- Has view: Yes
- View description: City
Lot
- Size: 2,178 sqft
- Features: SqFt 0K to 2999
Details
- Additional structures: Workshop, SeparateLivingQuartersApartmentAuxLivingUnit
- Parcel number: R128833
- Zoning: CM2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1890
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Green energy
- Construction elements: Reclaimed Material
Community & neighborhood
Location
- Region: Portland
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Sold | $550,000$346/sqft |
Source:  RMLS (OR) #562119551 Report a problem | ||
| 7/26/2025 | Pending sale | $550,000$346/sqft |
Source: RMLS (OR) #562119551 Report a problem | ||
| 7/17/2025 | Listed for sale | $550,000+197.3%$346/sqft |
Source: RMLS (OR) #562119551 Report a problem | ||
| 4/12/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/5/2024 | Listed for rent | $3,045$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/10/2008 | Sold | $185,000$116/sqft |
Source: Public Record Report a problem | ||
| 3/15/2008 | Listing removed | $185,000$116/sqft |
Source: Keller Williams Realty #7113679a Report a problem | ||
| 1/27/2008 | Listed for sale | $185,000$116/sqft |
Source: Keller Williams Realty #7113679a Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,037 +3.7% | $187,120 +3% |
| 2024 | $4,856 +4% | $181,670 +3% |
| 2023 | $4,669 +2.2% | $176,380 +3% |
| 2022 | $4,568 +1.7% | $171,250 +3% |
| 2021 | $4,491 +9% | $166,270 +3% |
| 2020 | $4,120 +17.7% | $161,420 +16.8% |
| 2019 | $3,500 | $138,240 +3% |
| 2018 | $3,500 +3% | $134,220 +3% |
| 2017 | $3,398 +14% | $130,320 +3% |
| 2016 | $2,980 | $126,530 +3% |
| 2015 | $2,980 +2.7% | $122,850 +3% |
| 2014 | $2,902 +3.9% | $119,280 +3% |
| 2013 | $2,792 +10.5% | $115,810 +3% |
| 2012 | $2,526 +13.4% | $112,440 +12.4% |
| 2011 | $2,227 +5.5% | $100,030 +3% |
| 2010 | $2,110 +28.8% | $97,120 +29.1% |
| 2009 | $1,639 +5.9% | $75,230 +3% |
| 2008 | $1,547 +0.2% | $73,040 +3% |
| 2007 | $1,544 +21.3% | $70,920 +3% |
| 2006 | $1,273 +9.8% | $68,860 +3% |
| 2005 | $1,160 +5.4% | $66,860 +3% |
| 2004 | $1,100 +3% | $64,920 +3% |
| 2003 | $1,068 +2.3% | $63,030 +3% |
| 2002 | $1,044 +8% | $61,200 +8.1% |
| 2000 | $967 +2% | $56,610 +2% |
| 1999 | $948 | $55,500 |
Find assessor info on the county website
Neighborhood: Corbett-Terwilliger-Lair Hill
Nearby schools
GreatSchools rating
- 9/10Ainsworth Elementary SchoolGrades: K-5Distance: 1.2 mi
- 6/10West Sylvan Middle SchoolGrades: 6-8Distance: 4.1 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Ainsworth
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$551,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$551,100
- Oregon
- Multnomah County
- Portland
- 97201
- Corbett-Terwilliger-Lair Hill
- 2617 S Water Ave
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