3 days on RocketTour
#570311806, Kevin Smallbeck, Michael Shelangoski, Listing office: RE/MAX Equity Group
$550,000 List price
2617 S Water Ave Portland, OR 97201
3 beds
2 full
1,591 sqft
0.05 acres
$346 / sqft
House
Property details
About 2617 S Water Ave
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]
Highlights
Home typeSingle Family Residence
HeatingDuctless, Zoned
StatusActive
CoolingZoned
Size1,591 sqft
BasementYes
Lot size0.05 Acres
Year built1890
ParkingStreet Parking, Parking Pad
MLS #562119551
ViewCity
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Range
- Basement: Yes
- Flooring Type: Concrete, Wood
- Interior: High Ceilings, Laundry, Vaulted Ceiling(s), Washer/Dryer
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Street Parking, Parking Pad
- View: City
- Exterior: Deck, Garden, Porch, Sauna, Workshop, Yard
- Architectural Style: Bungalow
- Heating: Ductless, Zoned
- Cooling: Zoned
- List Price: $550,000
- Price/SqFt: $345
- Annual Tax Amount: $4,669
- Tax Year: 2023
- Directions: S Kelly to S Water Ave
- Year Built: 1890
- Stories: 2
- Living Area: 1,591 SqFt
- Lot Size: 0.05 Acres
- MLS Number: 562119551
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: John L. Scott Portland Central
- Office Email: neportland@johnlscott.com
- Listing Agent: Janna Green, Paul Rastler
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 4:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 10, 2008 | Home Sold | $185,000 |
| Sep 25, 1998 | Home Sold | $271,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $176,380 | $4,669 |
| 2022 | $171,250 | $4,568 |
| 2021 | $166,270 | $4,568 |
| 2020 | $161,428 | $4,491 |
History based on county public records data.
Nearby schools
9
Ainsworth Elementary School
Public District KG-5
1.2 mi
•2425 SW Vista Ave
10
Abernethy Elementary School
Public District KG-5
1.2 mi
•2421 SE Orange Ave
7
Emerson School
Public Charter KG-5
1.4 mi
•105 NW Park Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,434. Typical income of Portland, OR residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
34%
<35k
44%
35k-100k
14%
100k-200k
8%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
71%
Single, No Kids
3%
Single, with Kids
23%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
2%
12-17 yrs old
34%
18-34 yrs old
30%
35-64 yrs old
31%
65+ yrs old
What do the neighbors do for fun?
Live Theatre
Music Concerts
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
H&M
Crate & Barrel
Where do the neighbors go to eat?
Boston Market
Chipotle
Starbucks
What do the neighbors drive?
Mercedes
Volkswagen
Audi
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2617 S Water Ave
The listing price of 2617 S Water Ave property is $550,000.
The property 2617 S Water Ave is a house located in Portland, Oregon, 97201.
Active Listing: 2617 S Water Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2617 S Water Ave are: Ainsworth Elementary School (GreatSchools Rating 9/10), Abernethy Elementary School (GreatSchools Rating 10/10), Emerson School (GreatSchools Rating 7/10), The Cottonwood School of Civics and Science (GreatSchools Rating 9/10), Winterhaven School (GreatSchools Rating 9/10), Robert Gray Middle School (GreatSchools Rating 6/10), Lincoln High School (GreatSchools Rating 7/10), Metropolitan Learning Center (GreatSchools Rating 7/10), Cleveland High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $4,669 (source: MLS/based on county public records data).
The last sale was on July 10, 2008 for $185,000 (source: MLS/tax record).
The property at 2617 S Water Ave has 3 bedrooms and 2 bathrooms.
The property 2617 S Water Ave is 1,591 SqFt (source: MLS/tax record).
The year of construction for 2617 S Water Ave is 1890.
This home is located at 2617 S Water Ave in Portland, OR and zip code 97201 in the Caruther's Addition neighborhood. This 1,591 square foot home, which was built in 1890, sits on a 0.05 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $550,000.
In June 2025, from all listings sold in Portland, OR there were more than 355 sold above asking price, over 352 sold below and more than 190 were sold right at the asked price. The number of listings in Portland, OR increased by 4.6% between May and June 2025. Listings spent 39 days on the market in June 2025, and had a median list price of $551,126 during the same period.
From Rocket Homes Real Estate and based on county public records data.