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$525,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 1 Full Bath
  • 1,719 Sq. Ft.
  • Updated 12 hours ago

Next open house:

Open House: 1:00 PM - 3:00 PM

Sunday 6/14 1:00 PM - 3:00 PM

3218 S Water Ave,Portland, OR 97239

3218 S Water AvePortlandOR97239

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Fabulous 2 Bedroom w/2 bonus rooms. Yes, you can have it all! Vintage elegance with modern updates and carefully preserved historic charm.The list of improvements is long - New roof, gutters & sewer line 2020. Studs out kitchen renovation in 2020 that includes quartz countertops, white oak floors, premium appliances (gas oven/range!) New furnace 2021. Upper level mini-split 2025, and more! From the elegant foyer to the beautifully reinvented laundry/pantry area the main floor is absolutely perfect. Living room & dining room feel welcoming and nostalgic. Need a minute? Settle into the cutest little office/reading nook with a cozy wood burning stove. There are 2 high-ceiling main floor bedrooms, a beautifully renovated bathroom and the absolutely stunning kitchen. AND there's more...Indulge your inner child and climb the loft steps to discover 2 delightful bonus rooms. Office? Playroom? Yoga? You decide! Outside, your own secret garden awaits. Peaceful & quiet w/native plants and a new aggregate patio beautifully centered around a magnificent mature magnolia tree. Modern comfort with all the grace and charm of yesteryear. Super convenient location minutes to streetcar, Downtown, OHSU & south waterfront Esplanade via pedestrian bridge one block away! [Home Energy Score = 1. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10183785]

Full Property Details for 3218 S Water Ave

General

  • Price: $525,000
  • Taxes: $8,198 (2025)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 208773949
  • Updated: 6/12/2026
  • Added to Site: 7 day(s) ago

Interior

  • Interior Features: Hardwood Floors, High Ceilings, Laundry, Tile Floor
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Stove, Wood Burning
  • Appliances: Butler's Pantry, Convection Oven, Dishwasher, Disposal, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Appliances, Quartz, Solid Surface Countertop, Stainless Steel Appliance(s)

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Primary Bedroom: 11 x 11, Main, 121 Sq. Ft.
  • Bedroom 2: 10 x 11, Main, 110 Sq. Ft.

Other Rooms

  • Living Room: 14 x 11, Main, 154 Sq. Ft.
  • Kitchen: 10 x 11, Main, 110 Sq. Ft.
  • Dining Room: 11 x 11, Main, 121 Sq. Ft.
  • Laundry: Main

Exterior

  • Exterior Features: Fenced, Patio, Porch, Yard

Parking

  • Parking Features: On Street

Location

  • County: Multnomah
  • Subdivision: Lair Hill
  • Driving Directions: S Corbett. North to west on Grover. Turn Left on Water to property.

School Information

  • Elementary School: Capitol Hill
  • Middle School: Jackson
  • High School: Ida B Wells

Community

  • Community Name: 148 - Portland NW/ SW/ S, Raleigh Hills

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Mini Split
  • Heating Type: Forced Air, Mini Split, Wood Stove
  • Heating Fuel: Electricity, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Architectural Style: Victorian
  • Basement Desc.: Exterior Entry, Partial Basement, Unfinished
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 1,719
  • Year Built: 1910
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.08
  • Lot Size (Sq. Ft.): 3,484
  • Lot Size: 3, 000 to 4, 999 SqFt
  • Frontage: Paved
  • Lot Features: Level, Private

Green Features

  • Green Certified: Yes

Financial Considerations

  • Tax Amount: $8,198.46
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: CARUTHERS ADD, BLOCK 115, S 38 1/3' OF W 33 1/3' OF LOT 7, S 33 1
  • Disclosures/Reports: Disclosure
  • Property ID: R129029

Listed by Windermere Realty Trust (503) 284-7755, Kevin Dean (503) 481-4400 and Windermere Realty Trust (503) 636-5000, Stacey Puppo (503) 438-9700

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Listing agents

— 3218 S Water Ave —

  • Kevin Dean

    Windermere Realty Trust

    503-284-7755

  • Stacey Puppo

    Windermere Realty Trust

    503-636-5000

503-481-4400

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3218 S Water Ave

School District:Portland School District 1j
NameGradesDistance
Capitol Hill Elementary School
8401 Southwest 17th Avenue, Portland, OR 97219
K-52.6 mi
Jackson Middle School
10625 Southwest 35th Avenue, Portland, OR 97219
6-84 mi
Ida B. Wells-Barnett High School
1151 Southwest Vermont Street, Portland, OR 97219
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3218 S Water Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/05/2026
Listed
$525,000
117.84%
MLS
5/18/2005
Sold
$241,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3218 S Water Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,198
4%
$304,550
3%
2024
$7,904
4%
$295,680
3%
2023
$7,600
4%
$287,070
6%
2021
$7,310
-2%
$270,600
-3%
2022
$7,435
2%
$278,710
6%
2021
$7,310
13%
$262,720
3%
2019
$6,459
3%
$255,070
3%
2018
$6,269
4%
$247,650
3%
2017
$6,008
9%
$240,440
3%
2016
$5,498
7%
$233,440
3%
2015
$5,116
15%
$226,650
3%
2014
$4,436
4%
$220,050
3%
2013
$4,275
—
$213,650
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Windermere Realty Trust (503) 284-7755, Kevin Dean (503) 481-4400 and Windermere Realty Trust (503) 636-5000, Stacey Puppo (503) 438-9700

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Price Reduced near 3218 S Water Ave

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16981 SE Spray Ave, Milwaukie, OR 97267 - Photo 1 Price Reduced
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Recent Sales near 3218 S Water Ave

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3614 S Corbett Ave, Portland, OR 97239 - Photo 1 Sold
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3614 S Corbett Ave  Portland, OR 97239

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Listed by MORE Realty, Sean Besso
Sold by Non Rmls Broker, OR and WA Non Rmls
3516 SW 1st Ave, Portland, OR 97239 - Photo 1 Sold
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3516 SW 1st Ave  Portland, OR 97239

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Listed by Redfin, Wansi Huang
Sold by Windermere Realty Trust, Patrick Miles
3840 S Water Ave, Portland, OR 97239 - Photo 1 Sold
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3840 S Water Ave  Portland, OR 97239

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Listed by Windermere Realty Trust, Cary Perkins
Sold by Move Real Estate Inc, Eliott Long
4145 S Corbett Ave, Portland, OR 97239 - Photo 1 Sold
$540,000

4145 S Corbett Ave  Portland, OR 97239

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    Sq. Ft.
Listed by eXp Realty, LLC, Stephen FitzMaurice and eXp Realty, LLC, Jennifer Tangvald
Sold by John L. Scott Portland Central, Allyson O'Hagan

3218 S Water Ave, Portland, OR 97239 (MLS# 208773949) is a Single Family property with 2 bedrooms and 1 full bathroom. 3218 S Water Ave is currently listed for $525,000 and was received on June 05, 2026. Want to learn more about 3218 S Water Ave? Do you have questions about finding other Single Family real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

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