$8,134 Closing Credit¹
#412179684, Cynthia Fneish, Listing Office: Networth Realty Of Portland
$779,000 List price
508 NE 56th Ave Portland, OR 97213
$9,251
Closing credit¹
3 beds
2 full
2,554 sqft
$305 / sqft
House
Property details
About 508 NE 56th Ave
Rare Permitted Short-Term Rental in Portland! Seize the opportunity to own one of Portland’s most exclusive properties! This home is one of only approx. 50 properties in the city legally permitted for short-term rentals exceeding 90 days, offering unparalleled flexibility and peace of mind. With potential regulatory changes on the horizon, as indicated by the Portland City Council, securing a compliant property now ensures you’re ahead of the curve in this evolving market. The home is perfectly suited for individuals who value flexibility and lifestyle—whether you’re a frequent traveler, a bi-coastal resident, or someone looking for a turnkey rental in a thriving urban market. This property is a gateway to enjoying Portland’s vibrant culture, food scene, and proximity to nature while benefiting from a fully permitted short-term rental option. Unique Opportunity for a Seamless Transition: The current owner is a seasoned short-term rental operator and is willing to continue managing the property for the new owner on a passive basis. This arrangement ensures a smooth transition and allows you to enjoy the benefits of short-term rental ownership without having to handle day-to-day operations. This is more than just a property—it’s an opportunity to own a legally compliant and highly sought-after asset in one of the Pacific Northwest’s most dynamic cities.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingAir Conditioning
Size2,554 sqft
Year built2021
ParkingDriveway
MLS #132807779
Attached garage1 space
ViewCity
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Gas Range, Refrigerator
- Basement: No
- Flooring Type: Hardwood, Wood
- Interior: Quartz
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Driveway
- View: City
- Architectural Style: Contemporary, Live Work Unit
- Heating: Forced Air
- Cooling: Air Conditioning
- List Price: $779,000
- Price/SqFt: $305
- Annual Tax Amount: $6,938
- Tax Year: 2023
- Lot: Level
- Directions: NE Glisan St & NE 46th
- Year Built: 2021
- Stories: 4
- Living Area: 2,554 SqFt
- MLS Number: 132807779
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Kelly Right Real Estate of Portland, LLC
- Office Phone: (503) 719-6056
- Listing Agent: Jacob Serrill
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: 5/11/2025, 1:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$779,000
508 NE 56th Ave
$9,251
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 14, 2022 | Home Sold | $543,750 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $261,860 | $6,938 |
| 2022 | $304,653 | $8,134 |
| 2021 | $176,866 | $8,134 |
| 2020 | $19,490 | $4,781 |
History based on county public records data.
Nearby schools
9
Glencoe Elementary School
Public District KG-5
0.7 mi
•825 SE 51st Ave
7
Rose City Park Elementary School
Public District KG-5
0.9 mi
•2334 NE 57th Ave
8
Portland Arthur Academy Charter School
Public Charter KG-5
1.2 mi
•7507 SE Yamhill St
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 $44,022. The majority of Portland, OR residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
43%
<35k
51%
35k-100k
4%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
70%
Single, No Kids
9%
Single, with Kids
11%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
10%
12-17 yrs old
33%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Tennis
Where do the neighbors shop?
Banana Republic
H&M
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
BMW
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 508 NE 56th Ave
The listing price of 508 NE 56th Ave property is $779,000.
The property 508 NE 56th Ave is a house located in Portland, Oregon, 97213.
Active Listing: 508 NE 56th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 508 NE 56th Ave are: Glencoe Elementary School (GreatSchools Rating 9/10), Rose City Park Elementary School (GreatSchools Rating 7/10), Portland Arthur Academy Charter School (GreatSchools Rating 8/10), Mt Tabor Middle School (GreatSchools Rating 8/10), Laurelhurst Elementary School (GreatSchools Rating 9/10), Sunnyside Environmental School (GreatSchools Rating 8/10), Grant High School (GreatSchools Rating 8/10), Franklin High School (GreatSchools Rating 7/10), Benson Polytechnic High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $6,938 (source: MLS/based on county public records data).
The last sale was on January 14, 2022 for $543,750 (source: MLS/tax record).
The property at 508 NE 56th Ave has 3 bedrooms and 3 bathrooms.
The property 508 NE 56th Ave is 2,554 SqFt (source: MLS/tax record).
The year of construction for 508 NE 56th Ave is 2021.
This home is located at 508 NE 56th Ave in Portland, OR and zip code 97213 in the Southeast Portland neighborhood. This 2,554 square foot home was built in 2021. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $779,000.
Over 338 listings were sold over their listed price in April 2025 in Portland, OR. In the same period over 313 listings were sold below the listed price and 186 listings were sold for the listed price. The inventory of homes for sale in Portland, OR between March and April 2025 increased by 18.3%. Listings spent 48 days on the market in April 2025, and had a median list price of $549,429 during the same period.
From Rocket Homes Real Estate and based on county public records data.