Well maintained 23 - unit apartment complex, with garages, carports and off-street parking. Great location, nearby Tram to the OHSU Hospital and medical offices. Accessible to downtown, shops, restaurants, offices and the Willamette River. (Actual current monthly rents as per supplemental schedule of rents, and actual square feet per unit as per appraisal report).
Property Details
Property Features
Property Information:
Year Built: 1976
Stories: 4
Listing Office:
Office Name: Kelly Right Real Estate of Portland, LLC
Office Phone: (503) 719-6056
Listing Agent: Rome Mortera
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Exterior Information:
View: City, Mountain(s), Territorial
Parking Information:
Attached Garage: No
Parking: Carport, Street Parking
Lot Features
Lot Information:
Lot: Gentle Sloping, Level
Lot Size: 0.30 Acres
Utilities
Utilities Information:
Heating: Zoned
Other
Directions Information:
Directions: S Lane Street
Price Information
Listing Price Info
Price Summary:
List Price: $4,900,000
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Housing Market Comparison
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
10
/10
Abernethy Elementary School
2421 SE Orange Ave
Distance between this listing and this school1.42 miles
Public District Grades KG-5
9
/10
Ainsworth Elementary School
2425 SW Vista Ave
Distance between this listing and this school1.47 miles
Public District Grades KG-5
10
/10
Rieke Elementary School
1405 SW Vermont St
Distance between this listing and this school1.59 miles
Public District Grades KG-5
Nearby Schools
9
/10
The Cottonwood School of Civics and Science
640 S Bancroft St
Distance between this listing and this school0.33 miles
Public Charter Grades KG-8
9
/10
Winterhaven School
3830 SE 14th Ave
Distance between this listing and this school1.26 miles
Public District Grades KG-8
6
/10
Robert Gray Middle School
5505 SW 23rd Ave
Distance between this listing and this school1.49 miles
Public District Grades 6-8
Nearby Schools
8
/10
Ida B. Wells High School
1151 SW Vermont St
Distance between this listing and this school1.45 miles
Public District Grades 9-12
7
/10
Lincoln High School
1600 SW Salmon St
Distance between this listing and this school1.70 miles
Public District Grades 9-12
5
/10
Cleveland High School
3400 SE 26th Ave
Distance between this listing and this school1.84 miles
The neighbors living near this home have an average income of $43,397. Most Portland, OR residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3807 S Water Ave
What is the listing price of this property?
The listing price of 3807 S Water Ave property is $4,900,000.
What type of property is this?
The property 3807 S Water Ave is a house located in Portland, Oregon, 97239.
Is this property for sale now?
Active Listing: 3807 S Water Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 3807 S Water Ave is 1976.
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This home is located at 3807 S Water Ave in Portland, OR and zip code 97239 in the Caruther's Addition neighborhood. This home, which was built in 1976, sits on a 0.30 acre lot. It has been listed on Rocket Homes since January 08, 2025 and is currently priced at $4,900,000.
In December 2024, from all listings sold in Portland, OR there were more than 153 sold above asking price, over 299 sold below and more than 181 were sold right at the asked price. The inventory of homes for sale in Portland, OR between November 2024 and December 2024 decreased by 13.8%. Listings spent 63 days on the market in December 2024, and had a median list price of $542,392 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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