508 NE 56th Ave Portland, OR 97213
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
Summary
- 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.
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Last updated on: 3/13/2025, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$799,000
508 NE 56th Ave
$9,488
closing credit¹
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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. Residents of Portland, OR typically earn between $35k-100k each year. 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?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
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
Frequently asked questions
About 508 NE 56th Ave
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 $799,000.
While more than 211 listings in Portland, OR in February 2025 were sold above asking price, there were more than 155 listings sold at asking price, and more than 232 were sold below. The inventory of homes for sale in Portland, OR between January and February 2025 increased by 5.5%. While the average time on the market in February 2025 was 66 days, the median list price was $546,710.