3017 S Water Ave, Portland, OR 97201

***Motivated Seller – Affordable Downtown Portland Living Without HOA Fees*** Discover the perfect condo alternative in the heart of downtown Portland. This charming one-bedroom, one-bath suite offers the ease of low-maintenance living without the burden of HOA dues or monthly fees. The exterior was freshly painted in 2026, giving the home great curb appeal while the interior still showcases its original character and warmth. A new water heater was installed in January 2026, and the home includes air conditioning for year-round comfort.Inside, you’ll find a spacious bathroom, practical closet storage, and a comfortable living room accented with classic wainscoting that adds warmth and architectural charm. The functional layout makes the most of every square foot, creating a cozy yet efficient living environment. A washer and dryer are included for everyday convenience.Enjoy the rare benefit of a private yard—ideal for relaxing, gardening, or giving pets space to roam—along with a garage and basement that provide valuable storage, hobby space, or future potential.Located in a convenient downtown setting with easy access to shops, dining, parks, public transit, and the nearby OHSU tram, this home blends character, updates, and practicality. With no HOA fees, it’s an excellent opportunity for a first-time buyer, investor, or anyone seeking an affordable alternative to condo living in a central Portland location. [Home Energy Score = 7. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10010177]