3 Beds

2 Baths

1,591 SqFt

Active

Welcome to your unique urban retreat—where lovingly preserved historical craftsmanship meets modern industrial design. Nestled in a quiet node at the heart of the city, this hip gem is loaded with x-factors, blending classic charm with contemporary architectural living. Original hardwood floors, classic millwork, tall sash windows, and reclaimed features pay homage to the home’s storied past, while an impressive list of thoughtful renovations, designer fixtures and countless upgrades go well beyond the expected comforts of modern living. Skylights, full ADU, semi-detached office/artists studio with dedicated storage and cleanup sink, a completely rebuilt foundation, built-in furniture, tankless hot water, newer plumbing, electrical & hvac systems, a cedar sauna, entertainer’s deck, tranquil yard, and a stunning vaulted kitchen with reclaimed island counter and exposed steel supports are just a few of the highlights. Outside you’ll be wowed by the generous and relaxing outdoor oasis hiding comfortably in the center of the city. Beyond the impressive list of features lies the VIBES. Lovingly restored by a local architect, both form and function take center stage in this one of a kind home. [Home Energy Score = 8. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10239906]

Property Details
Price $550,000
Bedrooms 3
Full Baths 2
Total Baths 2
Property Style Bungalow
Acres 0.05
Stories 2
Features ConcreteFloor,HighCeilings,Laundry,ReclaimedMaterial,SeparateLivingQuartersApartmentAuxLivingUnit,VaultedCeiling,WasherDryer,WoodFloors
Exterior Features Deck,Garden,Porch,PublicRoad,Sauna,Workshop,Yard
Year Built 1890
Roof Composition
Heating Ductless,MiniSplit
Foundation ConcretePerimeter
Accessibility CaregiverQuarters,Parking,Pathway
Lot Description PublicRoad
Parking Description OnStreet,ParkingPad
Geographic Data
Directions S Kelly to S Water Ave
County Multnomah
Latitude 45.504073
Longitude -122.676737
Market Area _148
Address Information
Address 2617 S WATER AVE
Postal Code 97201
City Portland
State OR
Country United States
Listing Information
Listing Office John L. Scott Portland Central
Listing Agent Janna Green
Terms Cash,Conventional,FHA,VALoan
School Information
Elementary School Ainsworth
Middle School West Sylvan
High School Lincoln
MLS® Information
Days on market 2
MLS® Status Active
Listing Date Jul 16, 2025
Listing Last Modified Jul 18, 2025
Tax ID R128833
Tax Year 2024
Tax Annual Amount 4856
MLS® Area _148
MLS® # 562119551

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This information is believed to be accurate, but without any warranty.