SOLD AUG 21, 2026

Sold on aug 2026

$518,462

•

1,719

sq ft

3218 S Water Ave, Portland, OR 97239

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About this home

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. On the main floor there are 2 high-ceiling 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]

Single-familyProperty Type

1910Year Built

3,484 sq ftLot Size

$302Price/Sq.Ft.

Listed by Kevin Dean • Windermere Realty Trust

Listed by Stacey Puppo • Windermere Realty Trust

Contact: 503-481-4400

Bought with Lauren Berg • HomeSmart Realty Group

Redfin checked: 4 hours ago

•Source:RMLS #208773949

Redfin Estimate

$512,076

$6,386 since sold in August 2026$9,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10% higher than the average sale price ($466K) of 5 comparable homes.

BOUGHT WITH REDFIN SEP 3, 2026
$439,000
A
2 beds2 baths2,491 sq ft
3303 S Kelly Ave, Portland, OR 97239
SOLD SEP 30, 2026
$389,000
B
2 beds1 bath1,414 sq ft
322 S Whitaker St, Portland, OR 97239
SOLD SEP 11, 2026
$565,000
C
2 beds2 baths2,036 sq ft
3712 SE 8th Ave, Portland, OR 97202
SOLD SEP 25, 2026
$500,000
D
2 beds2 baths2,496 sq ft
2604 SW Buckingham Ave, Portland, OR 97201
SOLD SEP 11, 2026
$435,000
E
2 beds1 bath951 sq ft
3214 SE 9th Ave, Portland, OR 97202

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Market trends in South Portland, OR

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

97.3%

0.1% MoM

Median sale price

$448K

$22K MoM

Avg. days on market

76d

19 days MoM

Recently sold homes

6 MoM

New listings for sale

REDFIN OPEN SAT, 3:30PM TO 5:30PM
$950,000
4 beds3 baths3,478 sq ft
2300 SW Seymour Dr, Portland, OR 97239
Redfin
$238,000
Studio1 bath640 sq ft
3601 S River Pkwy #2202, Portland, OR 97239
Shari Mark • John L. Scott
OPEN SUN, 11AM TO 1PM
$590,000
3 beds3 baths1,375 sq ft
2723 SW Carolina St, Portland, OR 97239
Mercede Azizi • Archibald Relocation
$549,900
4 beds3 baths1,796 sq ft
2439 SW Idaho St, Portland, OR 97239
Tyler Horst • Summa Real Estate Group
OPEN SAT, 1:30PM TO 3:30PM
$420,000
3 beds1 bath960 sq ft
322 S Nebraska St, Portland, OR 97239
Alexander Roy • Premiere Property Group, LLC
VIDEO TOUR
$650,000
3 beds4 baths2,354 sq ft
4021 SW Council Crest Dr, Portland, OR 97239
Jennifer Fidler • Opt
3D WALKTHROUGH
$1,070,000
4 beds3 baths2,025 sq ft
4305 SW Altadena Ave, Portland, OR 97239
BreAnn Borgaard • Keller Williams Realty Professionals
$559,900
2 beds2 baths1,624 sq ft
3826 SW Council Crest Dr, Portland, OR 97239
Greg Messick • RealtyNET, LLC
OPEN SAT, 1PM TO 3PM
$625,000
3 beds2 baths1,750 sq ft
31 S Gibbs St, Portland, OR 97239
Camille Cassada • Works Real Estate
$1,150,000
4 beds4 baths3,774 sq ft
730 SW Menefee Ln, Portland, OR 97239
Louise Levin • RE/MAX Equity Group
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Rental estimate

Est. $2,386 per month, based on comparable rentals

Sale and tax history for 3218 S Water Ave

Sale History
Tax History

Date

Event

Price

RMLS #208773949

Aug 21, 2026

Sold

$518,462

$302/sq ft

Jul 25, 2026

Pending

—

Jun 5, 2026

Listed

$525,000

$305/sq ft

RMLS #20487614

Jun 2, 2020

Sold

$408,700

$238/sq ft

Apr 26, 2020

Pending

—

Apr 10, 2020

Listed

$399,000

$232/sq ft

Public Records

May 18, 2005

Sold

$241,000

$140/sq ft

Public Records

May 25, 2001

Sold

$210,000

$122/sq ft

Public Records

Jun 1, 1987

Sold

$48,100

$28/sq ft

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Public record

Public record
Zoning
Permits

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

3,500 Sq. Ft.

Year renovated

1910

Sq. Ft.

1,342

Year built

1910

Style

Single Family Residential

County

Multnomah County

APN

R129029

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 5, 2026.

RM1

Residential Multi-Dwelling 1 Zone

The RM1 zone is a low-scale multi-dwelling zone that is generally applied in locations intended to provide a transition in scale to single-dwelling residential areas, such as the edges of mixed-use centers and civic corridors, and along or near neighborhood corridors. Allowed housing is characterized by one to three story buildings that relate to the patterns of residential neighborhoods, but at a somewhat larger scale and building coverage than allowed in the single-dwelling zones. The major types of new development will be duplexes, triplexes, rowhouses, courtyard housing, small apartment buildings, and other relatively small-scale multi-dwelling and small-lot housing types that are compatible with the characteristics of Portland's residential neighborhoods.

Permitted uses

Include but are not limited to:

Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior

Property details

Parking

Parking Information
Parking Features: On Street

Interior

Virtual Tour Information
Virtual Tour Type: 3-D Tour
Has Virtual Tour Unbranded: Yes

Appliances
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)
Hot Water Description: Gas

Interior Features
Interior Features: Hardwood Floors, High Ceilings, Laundry, Tile Floor
Fireplace YN: Yes
Fireplaces Total: 1
Fireplace Features: Stove, Wood Burning
Basement: Exterior Entry, Partial Basement, Unfinished

Bathroom Information
Bathrooms Full: 1
Bathrooms Full Main Level: 1
Bathrooms Total Integer: 1
Bathrooms Total Main Level: 1
Baths Total: 1

Room 4 Information
Area: 156
Description: Bonus Room
Features Cont: Wall to Wall Carpet
Length: 12
Width: 13
Level: Upper

Room 5 Information
Area: 120
Description: Bonus Room
Features Cont: Wall to Wall Carpet
Length: 10
Width: 12
Level: Upper

Room 6 Information
Description: Laundry
Level: Main

Room 7 Information
Area: 110
Description: 2nd Bedroom
Features Cont: Wood Floors
Length: 10
Width: 11
Level: Main

Room 9 Information
Area: 121
Description: Dining Room
Features Cont: Wood Floors
Length: 11
Width: 11
Level: Main

Room 10 Information
Description: Family Room

Room 11 Information
Area: 110
Description: Kitchen
Features: Pantry, Updated/Remodeled
Features Cont: Quartz
Length: 10
Width: 11
Level: Main

Room 12 Information
Area: 154
Description: Living Room
Features: Bay Window, Hardwood Floors
Features Cont: Wood Stove
Length: 14
Width: 11
Level: Main

Room 13 Information
Area: 121
Description: Primary Bedroom
Features Cont: Wood Floors
Length: 11
Width: 11
Level: Main

Room 14 Information
Description: Great Room

Exterior

Exterior Features
Roof: Composition
Exterior Features: Fenced, Patio, Porch, Yard
Exterior Description: Lap Siding

Lot Information
Lot Size Square Feet: 3,484
Lot Size Range: 3,000 to 4,999 SqFt
Lot Size Acres: 0.08
Lot Size: 3,000 to 4,999 SqFt
Lot Features: Level, Private
Parcel Number: R129029
Road Surface Type: Paved

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Property Attached YN: No
Property Condition: Resale
Upper Level Area Total: 336
Main Level Area Total: 1,006
Lower Level Area Total: 377
View YN: No

Building Information
Year Built: 1910
Building Area Total: 1,719
Building Area Description: Trio
Building Area Calculated: 1,342

Financial

Tax Information
Tax Year: 2025
Tax Legal Description: CARUTHERS ADD, BLOCK 115, S 38 1/3' OF W 33 1/3' OF LOT 7, S 33 1
Tax Annual Amount: $8,198.46

Lease / Rent Information
Land Lease YN: No

Utilities

Utility Information
Green Certification YN: Yes
Fuel Description: Electricity, Gas
Water Source: Public Water
Sewer: Public Sewer

Heating & Cooling
Heating YN: Yes
Heating: Forced Air, Mini Split, Wood Stove
Cooling YN: Yes
Cooling: Mini Split

Location

School Information
Elementary School: Capitol Hill
Middle Or Junior School: Jackson
High School: Ida B Wells

Location Information
Directions: S Corbett. North to west on Grover. Turn Left on Water to property.
Unparsed Address: 3218 S WATER AVE, Portland, OR 97239

Community Information
Senior Community YN: No

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,342
Stories: 1.0
Lot Size: 3,500 square feet
Style: Single Family Residential
Year Built: 1910
Year Renovated: 1910
County: Multnomah County
APN: R129029

Home facts updated by county records on Oct 5, 2026

Other

Listing Information
MlsStatus: Sold

Listing Price Information
Price Type: List Price

New Construction Information
New Construction YN: No

Around this home

Schools

Capitol Hill Elementary School

Public K-5 • Assigned • 2.6mi

9/10

Jackson Middle School

Public 6-8 • Assigned • 3.8mi

8/10

Ida B. Wells-Barnett High School

Public 9-12 • Assigned • 1.7mi

8/10

Provided by GreatSchools

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 • 97239

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

61/ 100

Moderate sunlight

Sunscore

There appears to be some shading by surrounding buildings, terrain, and vegetation.

8.1 hrs

2.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$487,000 – $589,000

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Home values near 3218 S Water Ave

Data from public records.

Address	Redfin Estimate
3228 South Water Ave, Portland, OR 2 Beds \| 1 Baths \| 1736 Sq. Ft.	$429,696
3215 South Water Ave, Portland, OR 4 Beds \| 2 Baths \| 2714 Sq. Ft.	$615,054

Address	Redfin Estimate
3223 South Water Ave, Portland, OR 2 Beds \| 1 Baths \| 796 Sq. Ft.	$373,166
3213 South Water Ave, Portland, OR 4 Beds \| 2 Baths \| 3333 Sq. Ft.	$696,434

Address	Redfin Estimate
3222 South Water Ave, Portland, OR 2 Beds \| 1 Baths \| 1200 Sq. Ft.	$455,324
3225 South Corbett Ave Apartment 2, Portland, OR 1 Beds \| 1 Baths \| 676 Sq. Ft.	$201,899

Property information provided by RMLS when last listed in 2026. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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3218 S Water Ave, Portland, OR 97239

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Market trends in South Portland, OR

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Sale and tax history for 3218 S Water Ave

Public record

Property details

Parking

Interior

Exterior

Financial

Utilities

Location

Public facts

Other

Around this home

Schools

Climate risks

Historical weather

Sun exposure

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