OFF MARKET

Off market sep 2021 for $475K

$471,923

Est. refi paymentEst. refi $3,147/mo

•

1,977

sq ft

2602 S Water Ave, Portland, OR 97201

About this home

CondoProperty Type

2008Year Built

$239Est. Price/Sq.Ft.

2 car garageParking

Listed by Michelle Holmes • Opendoor Brokerage LLC

Bought with Randal Crowe • RE/MAX Equity Group

Redfin checked: 3 minutes ago

•Source:RMLS #21496804

Redfin Estimate

$471,923

$3,077 since sold in September 2021$5,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 37.8% lower than the average sale price ($758K) of 6 comparable homes.

SOLD SEP 2, 2026
$1,035,000
A
2 beds3 baths1,833 sq ft
1900 S River Dr Unit N601, Portland, OR 97201
SOLD OCT 29, 2026
$390,000
B
3 beds2 baths1,950 sq ft
2221 SW 1st Ave #2424, Portland, OR 97201
SOLD JUL 7, 2026
$780,000
C
3 beds3 baths2,578 sq ft
1900 S River Dr Unit N106, Portland, OR 97201
SOLD JUN 5, 2026
$685,000
D
2 beds2 baths1,606 sq ft
1930 S River Dr #1003, Portland, OR 97201
SOLD OCT 2, 2026
$510,000
E
2 beds2 baths1,183 sq ft
245 SW Meade St Unit C3, Portland, OR 97201
SOLD JUL 24, 2026
$1,150,000
F
2 beds3 baths2,157 sq ft
841 S Gaines St #2012, Portland, OR 97239

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$100,750

Est. take-home

List your home with Redfin and save $4,719

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,795/mo

Redfin rental estimate

List your home for rent

Market trends in South Portland, OR

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.0%

+0.8% MoM

Median sale price

$490K

$41K MoM

Avg. days on market

72d

3 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 24 HRS AGO
$259,950
1 bed1 bath871 sq ft
205 S Montgomery St, Portland, OR 97201
Nancy Kelly • Real Estate Network Group, LLC
OPEN TODAY, 12PM TO 2PM
$500,000
1 bed2 baths1,051 sq ft
3118 SW 4th Ave, Portland, OR 97201
April Esposito • Works Real Estate
See all

Provided by Redfin

Sale history for 2602 S Water Ave

Tax history for 2602 S Water Ave

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

2.5

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

2008

Sq. Ft.

1,602

Year built

2008

Style

Condo/Co-op

County

Multnomah County

APN

R617744

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 30, 2026.

CM3

Commercial/Mixed Use 3 Zone

The Commercial/Mixed Use 3 (CM3) zone is a large-scale zone intended for sites in high-capacity transit station areas, in town centers, along streetcar alignments, along civic corridors, and in locations close to the Central City. It is intended to be an intensely urban zone and is not appropriate for sites where adjacent properties have single-dwelling residential zoning. The zone allows a wide range and mix of commercial and residential uses, as well as employment uses that have limited off-site impacts. Buildings in this zone will generally be up to six stories tall unless height and floor area bonuses are used, or plan district provisions specify other height limits. Development is intended to be pedestrian-oriented, with buildings that contribute to an urban environment with a strong street edge of buildings. The scale of development is intended to be larger than what is allowed in lower intensity commercial/mixed use and residential zones. The Design overlay zone is applied to this zone.

Zone overlays

Design Overlay Zone

Permitted uses

Include but are not limited to:

Religious facility
Automotive repair garage
Day care facility
General retail
Hospital / medical center
Housing
Housing-Group
Office
Educational / school
Park & open space

Property details

Parking

Parking Information
Parking Total: 2

Garage Information
Garage Spaces: 2

Interior

Interior Features
Fireplace YN: Yes
Fireplaces Total: 2

Bathroom Information
Bathrooms Full: 2
Bathrooms Full Main Level: 2
Bathrooms Partial: 1
Bathrooms Partial Main Level: 1
Bathrooms Total Integer: 3
Bathrooms Total Main Level: 2.1
Baths Total: 2.1

Room 7 Information
Description: 2nd Bedroom

Room 8 Information
Description: 3rd Bedroom

Room 9 Information
Description: Dining Room

Room 10 Information
Description: Family Room

Room 11 Information
Description: Kitchen

Room 12 Information
Description: Living Room

Room 13 Information
Description: Primary Bedroom
Level: Upper

Room 14 Information
Description: Great Room

Exterior

Exterior Features
Roof: Other
Exterior Description: Other

Lot Information
Lot Features: Corner Lot
Parcel Number: R617744

Property Information
Property Type: Residential
Property Sub Type: Condominium
Property Attached YN: No
Property Condition: Resale
Upper Level Area Total: 846
Main Level Area Total: 841
Lower Level Area Total: 290
View YN: No

Building Information
Year Built: 2008
Building Area Total: 1,977
Building Area Description: Owner
Building Area Calculated: 1,687

Financial

Tax Information
Tax Year: 2020
Tax Legal Description: WATER AVENUE LOFTS TWO CONDOMINIUM, LOT 2602
Tax Annual Amount: $7,910.58

Utilities

Utility Information
Green Certification YN: No
Fuel Description: Gas
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: No
Heating: Other
Cooling YN: Yes
Cooling: Central Air

Location

Unit Information
Unit Location: Townhouse

HOA Information
Has HOA: Yes
Association Fee: $275
Association Fee Frequency: Monthly

School Information
Elementary School: Ainsworth
Middle Or Junior School: West Sylvan
High School: Lincoln

Location Information
Directions: US-26 W/City Center/ US-26 W/S Kelly Ave
Unparsed Address: 2602 S WATER AVE, Portland, OR 97201

Community Information
Senior Community YN: No

Public facts

Beds: —
Baths: 2.5
Sq. Ft.: 1,602
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 2008
Year Renovated: 2008
County: Multnomah County
APN: R617744

Home facts updated by county records on Oct 30, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

New Construction Information
New Construction YN: No

Around this home

Schools

K - 12
Preschool & daycare

Ainsworth Elementary School

Public K-5 • Assigned • 1.2mi

9/10

West Sylvan Middle School

Public 6-8 • Assigned • 4.2mi

6/10

Lincoln High School

Public 9-12 • Assigned • 1.3mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 92° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

10/10 Air Factor

19 unhealthy days expected this year, 20 days in 30 years

Provided by First Street

Historical weather

Portland, OR • 97201

Average low and high temperatures (°F)

46°

37°

49°

39°

56°

44°

64°

46°

70°

51°

75°

55°

81°

59°

83°

62°

76°

58°

61°

48°

52°

44°

50°

42°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.5 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$449,000 – $543,000

Reach more buyers when you sell with Redfin. Save up to $4,719 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

FOR SALE BY OWNER

$524,900

3 beds2.5 baths1,783 sq ft

2614 S Water Ave, Portland, OR 97201

Modern townhouse • Prime sw portland • Walk to ohsu

OPEN TODAY, 11AM TO 1PM3D WALKTHROUGH

$550,000

3 beds2 baths1,868 sq ft

2211 SW 1st Ave #1704, Portland, OR 97201

Bamboo flooring • 9-foot ceilings • Panoramic views

Kristin Gillis • Premiere Property Group, LLC

$449,000

2 beds2 baths1,483 sq ft

2211 SW 1st Ave #1402, Portland, OR 97201

Private balconies • Sweeping vistas • Expansive windows

Kristin Gillis • Premiere Property Group, LLC

$299,900

Studio2 baths733 sq ft

1410 SW 11th Ave #106, Portland, OR 97201

Full exhaust fan • Air conditioning • Zoned rx

Bradley King • Keller Williams Realty Portland Premiere

$375,000

1 bed1 bath862 sq ft

1630 S Harbor Way #304, Portland, OR 97201

$769 HOA • Garage • Built 1986

Randy Schumock • John L. Scott

OPEN TODAY, 2PM TO 4PM

$355,000

2 beds2 baths1,025 sq ft

1221 SW 10th Ave #219, Portland, OR 97205

Open kitchen • Island seating • Dual closets

Megan Fischer • Real Broker

New listings for sale in 97201

NEW 24 HRS AGO

$259,950

1 bed1 bath871 sq ft

205 S Montgomery St, Portland, OR 97201

Light filled condo • Cedar lined closets • Double closets

Nancy Kelly • Real Estate Network Group, LLC

OPEN TODAY, 12PM TO 2PM3D & VIDEO TOUR

$500,000

1 bed2 baths1,051 sq ft

3118 SW 4th Ave, Portland, OR 97201

Hot tub • Murphy bed • Generous decks

April Esposito • Works Real Estate

Home values near 2602 S Water Ave

Data from public records.

Address	Redfin Estimate
2624 S Water Avenue, Portland, OR 3 Beds \| 3 Baths \| 2904 Sq. Ft.	$687,506
2616 S Water Avenue, Portland, OR - Beds \| 2.5 Baths \| 1786 Sq. Ft.	$430,255
2606 S Water Avenue, Portland, OR 2 Beds \| 3 Baths \| 1785 Sq. Ft.	—
19 S Arthur Street, Portland, OR 3 Beds \| 1 Baths \| 866 Sq. Ft.	$406,092
103 S Arthur Street, Portland, OR 4 Beds \| 3 Baths \| 1611 Sq. Ft.	$580,868
19 SW Arthur Street, Portland, OR 3 Beds \| 1 Baths \| 1732 Sq. Ft.	$427,407

Address	Redfin Estimate
2623 S Water Avenue, Portland, OR - Beds \| 1 Baths \| 1920 Sq. Ft.	$185,929
2614 S Water Avenue, Portland, OR 3 Beds \| 2.5 Baths \| 1783 Sq. Ft.	$504,048
2637 S Water Avenue, Portland, OR - Beds \| - Baths \| - Sq. Ft.	$514,718
107 S Arthur Street, Portland, OR 4 Beds \| 4 Baths \| - Sq. Ft.	$723,925
27 S Arthur Street Unit A, Portland, OR 3 Beds \| 3 Baths \| 2057 Sq. Ft.	$616,365
27 SW Arthur Street, Portland, OR 4 Beds \| 3 Baths \| 1928 Sq. Ft.	$597,924

Address	Redfin Estimate
2617 S Water Avenue, Portland, OR 3 Beds \| 2 Baths \| 1591 Sq. Ft.	$567,021
2610 S Water Avenue, Portland, OR 2 Beds \| 3 Baths \| 2000 Sq. Ft.	$515,860
117 S Arthur Street, Portland, OR 8 Beds \| 4 Baths \| 3325 Sq. Ft.	$686,322
13 S Arthur Street, Portland, OR 3 Beds \| 1 Baths \| 3380 Sq. Ft.	$482,990
115 S Arthur Street, Portland, OR 3 Beds \| 2 Baths \| 3129 Sq. Ft.	$463,211

Property information provided by RMLS when last listed in 2021. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

Redfin Brokerage Licenses

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

South Portland homes for sale
Southwest homes for sale
Corbett homes for sale
Southwest Portland homes for sale

97219 homes for sale
97206 homes for sale
97225 homes for sale
97229 homes for sale
97202 homes for sale

Houses for rent in Portland	Agents near me	Lake Oswego, OR homes for sale	Portland Housing Market
Houses for sale near me	Portland, OR homes for sale	Salem, OR homes for sale
Land for sale near me	Bend, OR homes for sale	Hillsboro, OR homes for sale
Open Houses near me	Beaverton, OR homes for sale	Portland Property Records
Condos for sale near me	Eugene, OR homes for sale	OR New Listings

Vancouver homes for sale
Beaverton homes for sale
Lake Oswego homes for sale