$4,900,000

3807 S Water Ave Portland, OR 97239

0.3 acres
House

Property details

About 3807 S Water Ave

Well maintained 23 - unit apartment complex, with garages, carports and off-street parking. Great location, nearby Tram to the OHSU Hospital and medical offices. Accessible to downtown, shops, restaurants, offices and the Willamette River. (Actual current monthly rents as per supplemental schedule of rents, and actual square feet per unit as per appraisal report).

Highlights

Home typeOther
HeatingZoned
StatusActive
BasementYes
Lot size0.3 Acres
Year built1976
ParkingCarport, Street Parking
MLS #632371620
ViewCity, Mountain(s), Territorial

Summary

  • Basement: Yes
  • Attached Garage: No
  • Parking: Carport, Street Parking
  • View: City, Mountain(s), Territorial
  • Heating: Zoned
  • List Price: $4,900,000
  • Lot: Gentle Sloping, Level
  • Directions: S Lane Street
  • Year Built: 1976
  • Stories: 4
  • Lot Size: 0.3 Acres
  • MLS Number: 632371620
  • MLS Name: Regional Multiple Listing Service, Inc.
  • Office Name: Kelly Right Real Estate of Portland, LLC
  • Office Phone: (503) 719-6056
  • Listing Agent: Rome Mortera

IDXThe 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: 4/29/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$4,900,000

3807 S Water Ave

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Price information

Property sales

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Tax history

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Nearby schools

10

Abernethy Elementary School

Public District KG-5

1.4 mi

2421 SE Orange Ave

9

Ainsworth Elementary School

Public District KG-5

1.5 mi

2425 SW Vista Ave

10

Rieke Elementary School

Public District KG-5

1.6 mi

1405 SW Vermont St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $43,397. The majority of Portland, OR residents have income less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

42%
<35k
35%
35k-100k
17%
100k-200k
6%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

77%
Single, No Kids
4%
Single, with Kids
14%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
3%
12-17 yrs old
52%
18-34 yrs old
33%
35-64 yrs old
6%
65+ yrs old

What do the neighbors do for fun?

  • Music ConcertsMusic Concerts
  • Hiking/backpackingHiking/backpacking
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • BloomingdalesBloomingdales
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • ChipotleChipotle
  • StarbucksStarbucks
  • Jack In The BoxJack In The Box

What do the neighbors drive?

  • VolkswagenVolkswagen
  • AudiAudi
  • ToyotaToyota

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • AlternativeAlternative
  • JazzJazz
All data provided by Home Junction and Claritas

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Frequently asked questions

About 3807 S Water Ave

The listing price of 3807 S Water Ave property is $4,900,000.

The property 3807 S Water Ave is a house located in Portland, Oregon, 97239.

Active Listing: 3807 S Water Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 3807 S Water Ave are: Abernethy Elementary School (GreatSchools Rating 10/10), Ainsworth Elementary School (GreatSchools Rating 9/10), Rieke Elementary School (GreatSchools Rating 10/10), 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), Ida B. Wells High School (GreatSchools Rating 8/10), Lincoln High School (GreatSchools Rating 7/10), Cleveland High School (GreatSchools Rating 5/10).

The property at 3807 S Water Ave has 0 bathroom.

The year of construction for 3807 S Water Ave is 1976.

This home is located at 3807 S Water Ave in Portland, OR and zip code 97239 in the Caruther's Addition neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 8, 2025 and is currently priced at $4,900,000.

In March 2025 more than 260 listings in Portland, OR were sold above the asking price. During the same period more than 174 listings were sold at asking price, while more than 254 were sold below. Between February and March 2025, Portland, OR real estate market has seen increase in the number of listings by 11.5%. In March 2025 median list price was $547,107 and the average listing age was 58 days.

From Rocket Homes Real Estate and based on county public records data.

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