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
Price cut: $20K (5/9)
$779,000
508 NE 56th Ave, Portland, OR 97213
3beds
2,554sqft
Est.:
Residential, Single Family Residence
Built in 2021
-- sqft lot
$-- Zestimate®
$305/sqft
$-- HOA
What's special
- 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#: 132807779

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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