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.
Active
$979,000
2015 NW 21st Ave, Portland, OR 97209
5beds
3,288sqft
Est.:
Residential, Single Family Residence
Built in 1900
7,405.2 Square Feet Lot
$-- Zestimate®
$298/sqft
$-- HOA
What's special
- 333 days |
- 493 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: October 28, 2025 at 08:07am
Listed by:
Jacob Serrill 503-780-7521,
Kelly Right Real Estate of Portland, LLC
Source: RMLS (OR),MLS#: 258860594
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 2
- Partial bathrooms: 2
- Main level bathrooms: 2
Rooms
- Room types: Bedroom 4, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
- Area: 308
- Dimensions: 14 x 22
Bedroom 2
- Features: Balcony
- Level: Upper
- Area: 200
- Dimensions: 10 x 20
Bedroom 3
- Level: Upper
- Area: 242
- Dimensions: 11 x 22
Bedroom 4
- Level: Upper
- Area: 196
- Dimensions: 14 x 14
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Free-Standing Range, Free-Standing Refrigerator, Gas Appliances, Electric Water Heater, Gas Water Heater
Features
- Ceiling Fan(s), Balcony
- Flooring: Tile, Wood
- Basement: Full,Unfinished
Interior area
- Total structure area: 3,288
- Total interior livable area: 3,288 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 3
- Patio & porch: Porch
- Exterior features: Yard, Balcony
- Has view: Yes
- View description: City
Lot
- Size: 7,405.2 Square Feet
- Features: Gentle Sloping, Level, Trees, SqFt 7000 to 9999
Details
- Parcel number: R116949
- Zoning: IG1
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Residential, Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $298/sqft
- Tax assessed value: $529,140
- Annual tax amount: $6,247
- Date on market: 1/13/2025
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2025 | Listed for rent | $5,495-8.4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/16/2025 | Listing removed | $5,999$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/13/2025 | Listed for sale | $979,000+22.4%$298/sqft |
Source:  RMLS (OR) #258860594 Report a problem | ||
| 12/19/2024 | Price change | $5,9990%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/22/2024 | Listed for rent | $6,000$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,480 +3.7% | $240,730 +3% |
| 2024 | $6,247 +4% | $233,720 +3% |
| 2023 | $6,007 +2.2% | $226,920 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,848/mo
Principal & interest
$4730
Property taxes
$775
Home insurance
$343
Climate risks
Neighborhood: Northwest
Nearby schools
GreatSchools rating
- 5/10Chapman Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10West Sylvan Middle SchoolGrades: 6-8Distance: 3.9 mi
- 8/10Lincoln High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Chapman
- Middle: West Sylvan
- High: Lincoln
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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