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$599,000

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,183 Sq. Ft.
  • Updated 10 days ago
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Sparkling clean townhome with gorgeous, freshly refinished real hardwood floors, new bathroom tile floors, and brand new carpeting. (booties provided!) Freshly painted kitchen cabinets, all appliances included. The kitchen has a beautiful nook for your breakfast and the dining room is just off the kitchen - both with new lighting. This bright, light and open townhome is so cheerful you just have to love it! Vast living room with big windows opens to a view deck and stairs to the garden. The upper floor is all primary suite, with terrific storage and large windows, a big bathroom and walk-in closet. Room for a desk or reading nook in the hallway. Downstairs, you'll enjoy outside access to the level brick patio and beautiful gardens. Two nice bedrooms, hall bath and laundry room complete the package. Under garage and in-garage storage make this house so livable! Lovingly purchased for its excellent proximity to Portland State Univ. and blocks to the tram, this centrally located home is perfect for OHSU or PSU workers, or anyone who loves being so close to downtown. NO HOA, just a maintenance agreement with the neighbor - you can rent or enjoy it all to yourself. Garden was professionally installed and the lush plants are a summer treat. What a terrific home! [Home Energy Score = 5. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10238025]

Full Property Details for 3840 S Water Ave

General

  • Price: $599,000
  • Taxes: $10,364 (2024)
  • Status: Active
  • Type: Townhouse
  • Source: RWMLS
  • MLS ID: 733866290
  • Updated: 11/8/2025
  • Added to Site: 72 day(s) ago

Interior

  • Interior Features: Garage Door Opener, Hardwood Floors, High Ceilings, High Speed Internet, Separate Living Quarters/Apartment/Aux Living Unit, Skylight(s), Tile Floor, Wall to Wall Carpet, Washer/Dryer
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas
  • Appliances: Built-in Range, Dishwasher, Disposal, Free-Standing Refrigerator, Microwave, Plumbed For Ice Maker

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 1
  • Upper - Full Baths: 1
  • Lower - Full Baths: 1

Bedrooms

  • Total Bedrooms: 3
  • Primary Bedroom: 19 x 13, Upper, 247 Sq. Ft.
  • Bedroom 2: 12 x 10, Lower, 120 Sq. Ft.
  • Bedroom 3: 10 x 9, Lower, 90 Sq. Ft.

Other Rooms

  • Living Room: 17 x 12, Main, 204 Sq. Ft.
  • Family Room: 17 x 12, Lower, 204 Sq. Ft.
  • Kitchen: 16 x 11, Main, 176 Sq. Ft.
  • Dining Room: 14 x 10, Main, 140 Sq. Ft.

Additional Information

  • Security/Safety: Security System Owned

Exterior

  • Exterior Features: Deck, Fenced, Garden, Patio

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 1
  • Parking Features: Driveway

Location

  • County: Multnomah
  • Subdivision: LAIR HILL/CORBETT
  • Driving Directions: abernethy & Water, or just shoot down water off Barbur

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

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Architectural Style: Common Wall, Townhouse
  • Basement Desc.: Daylight, Finished, Separate Living Quarters/Apartment/Aux Living Unit
  • Roof: Composition
  • Windows: Double Pane Windows, Vinyl Frames
  • Stories/Levels: 3
  • Square Feet: 2,183
  • Year Built: 1994
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,613
  • Lot Size: 0K to 2, 999 SqFt
  • Frontage: Concrete
  • Lot Features: Corner Lot, Gentle Sloping, Level

Green Features

  • Green Certified: Yes

Financial Considerations

  • Tax Amount: $10,364.3
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: PARTITION PLAT 1990-83, LOT 2
  • Disclosures/Reports: Disclosure
  • Property ID: R236912

Listed by Windermere Realty Trust (503) 220-1144, Cary Perkins (503) 720-4455

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Listing agent

— 3840 S Water Ave —

  • Cary Perkins

    Windermere Realty Trust

    503-220-1144

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NMLS#: 1598647

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

Schools serving 3840 S Water Ave

School District:Portland School District 1j
NameGradesDistance
Capitol Hill Elementary School
8401 Southwest 17th Avenue, Portland, OR 97219
K-52.3 mi
Jackson Middle School
10625 Southwest 35th Avenue, Portland, OR 97219
6-83.7 mi
Ida B. Wells-Barnett High School
1151 Southwest Vermont Street, Portland, OR 97219
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3840 S Water Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/07/2025
Listed
$599,000
181.88%
MLS
8/23/1994
Sold
$212,500
—
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 3840 S Water Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,364
-2%
$412,200
3%
2024
$10,568
4%
$400,200
3%
2023
$10,159
18%
$388,550
6%
2021
$8,606
-12%
$366,260
-3%
2022
$9,810
14%
$377,240
6%
2021
$8,606
7%
$355,600
3%
2019
$8,046
-5%
$345,250
3%
2018
$8,460
9%
$335,200
3%
2017
$7,781
5%
$325,440
3%
2016
$7,407
20%
$315,970
3%
2015
$6,157
11%
$306,770
3%
2014
$5,568
13%
$297,840
3%
2013
$4,933
—
$289,170
—
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) 220-1144, Cary Perkins (503) 720-4455

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3840 S Water Ave, Portland, OR 97239 (MLS# 733866290) is a Townhouse property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 3840 S Water Ave is currently listed for $599,000 and was received on November 07, 2025. Want to learn more about 3840 S Water Ave? Do you have questions about finding other Townhouse 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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