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  • Price cut: $20K (5/9)
    $779,000

    508 NE 56th Ave, Portland, OR 97213

    3beds
    2,554sqft
    : 
    Residential, Single Family Residence
    Built in 2021
    -- sqft lot
    $-- Zestimate®
    $305/sqft
    $-- HOA

    What's special

    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.
    197 days
    on Zillow
    |
    165
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 08:44am

    Listed by:

    Jacob Serrill 503-780-7521,

    Kelly Right Real Estate of Portland, LLC

    Source: RMLS (OR),MLS#: 132807779MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 508 NE 56th Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • Partial bathrooms: 1
    • Main level bathrooms: 1
    Rooms
    • Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
    Primary bedroom
    • Level: Upper
    Bedroom 2
    • Level: Upper
    Bedroom 3
    • Level: Upper
    Heating
    • Forced Air 95 Plus
    Cooling
    • Air Conditioning Ready
    Appliances
    • Included: Built-In Range, Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator
    Features
    • Floor 4th, Quartz, Tile
    • Flooring: Hardwood, Wood
    • Windows: Double Pane Windows, Wood Frames
    • Basement: None
    Interior area
    • Total structure area: 2,554
    • Total interior livable area: 2,554 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 1
    • Parking features: Driveway, Attached, Extra Deep Garage
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Stories: 4
    • Has view: Yes
    • View description: City
    Lot
    • Features: Level, SqFt 0K to 2999
    Details
    • Parcel number: R704135
    • Zoning: CM2

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Residential, Single Family Residence
    Materials
    • Brick, Cement Siding
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 2021

    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: $305/sqft
    • Tax assessed value: $521,120
    • Annual tax amount: $7,216
    • Date on market: 1/13/2025
    • Listing terms: Cash,Conventional,FHA
    • Road surface type: Paved
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