$475,000

3017 S WATER Ave, Portland, OR 97201

1 bed |
1 bath |
1,098 sqft

Single-Family Home
Built in 1880
1,307sqft lot
1 car garage
$433/sqft
Listed 10 days ago

Property Description

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]

Listing Status:: Active
Date Added:: February 18, 2026
Data Last Updated:: February 28, 2026 at 6:40AM
Listing Office:: Keller Williams Sunset Corridor : 503-270-5700
Listing Agent:: Martine Tammik : 503-317-0000
MLS ID:: 163646931

General: Engineered hardwoodWasher dryer
Appliances: DishwasherFree standing rangeFree standing refrigeratorRange hood
Basement: Full basementUnfinished
A/C: Central air
Heating: Forced air
Fireplace: Fireplaces: 0

General: Wood sidingDeckFencedYard
Style: Bungalow
Parking: DrivewayOn streetParking spaces: 1

Roofing: Composition
Windows: DoublePaneWindowsVinylFramesWoodFrames
General: Concrete perimeterSlab

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: CARUTHERS ADDBLOCK 45S 22.5' OF E 34' OF LOT 2W 22' OF E 56R128807
View: View

Water: Public water
Sewer: Public sewer

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Martine Tammik , Keller Williams Sunset Corridor

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ainsworth Elementary School

2425 SW Vista Ave, Portland, OR, 97201

Grades KG-5

1.25 miles away

Winterhaven School

3830 SE 14th Ave, Portland, OR, 97202

Grades KG-8

1.33 miles away

Lincoln High School

1750 SW Salmon St, Portland, OR, 97205

Grades 9-12

1.35 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.