Estimated payment $5,882/month
Rare Permitted Short-Term Rental in Portland! Seize the opportunity to own one of Portland’s most exclusive properties! This home is one of only approx. 50 properties in the city legally permitted for short-term rentals exceeding 90 days, offering unparalleled flexibility and peace of mind. With potential regulatory changes on the horizon, as indicated by the Portland City Council, securing a compliant property now ensures you’re ahead of the curve in this evolving market. The home is perfectly suited for individuals who value flexibility and lifestyle—whether you’re a frequent traveler, a bi-coastal resident, or someone looking for a turnkey rental in a thriving urban market. This property is a gateway to enjoying Portland’s vibrant culture, food scene, and proximity to nature while benefiting from a fully permitted short-term rental option. Unique Opportunity for a Seamless Transition: The current owner is a seasoned short-term rental operator and is willing to continue managing the property for the new owner on a passive basis. This arrangement ensures a smooth transition and allows you to enjoy the benefits of short-term rental ownership without having to handle day-to-day operations. This is more than just a property—it’s an opportunity to own a legally compliant and highly sought-after asset in one of the Pacific Northwest’s most dynamic cities.
Listing Agent
Kelly Right Real Estate of Portland, LLC License #201228311 Listed on: 01/13/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $6,007 | $226,920 | $0 | $0 |
| 2022 | $5,878 | $220,320 | $0 | $0 |
| 2021 | $5,778 | $213,910 | $0 | $0 |
| 2020 | $4,605 | $207,680 | $0 | $0 |
| 2019 | $4,436 | $201,640 | $0 | $0 |
| 2018 | $4,306 | $195,770 | $0 | $0 |
| 2017 | $4,127 | $190,070 | $0 | $0 |
| 2016 | $3,777 | $160,350 | $0 | $0 |
| 2015 | $3,678 | $155,680 | $0 | $0 |
| 2014 | $3,622 | $151,150 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Off Market | -- | -- | -- |
| 01/13/2025 01/13/25 | For Sale | $979,000 | 0.0% | $298 / Sq Ft |
| 01/02/2025 01/02/25 | For Rent | -- | -- | -- |
| 01/02/2025 01/02/25 | For Rent | $6,000 | 0.0% | -- |
| 12/30/2024 12/30/24 | Off Market | $6,000 | -- | -- |
| 11/26/2024 11/26/24 | For Rent | $6,000 | -- | -- |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $700,000 | First American Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | New Conventional | |
| Previous Owner | $417,000 | VA | |
| Previous Owner | $158,000 | New Conventional | |
| Previous Owner | $162,000 | Unknown | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $123,881 | Seller Take Back |
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Source: Regional Multiple Listing Service (RMLS)
MLS Number: 258860594
APN: R116949
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