13 Hours Ago
Location
4534 S Water Ave #B, Portland, OR 97239, USA|Corbet - Terwilliger - Lair Hill
Tour 4534 S Water Ave #B
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About 4534 S Water Ave #B
Discover comfortable living in this spacious 2-bedroom, 1.5-bath townhome located in Portland’s desirable **South Waterfront** area. The home offers an inviting open floor plan, large windows providing natural light, and updated finishes throughout. The kitchen features modern cabinetry, full-size appliances, and ample counter space—perfect for everyday cooking or entertaining. Enjoy two well-sized bedrooms upstairs, each with generous closet space, plus a full bathroom with contemporary fixtures. A half bath on the main floor adds convenience for guests. Additional highlights include in-unit laundry, dedicated parking, and a private outdoor area. The property’s location provides quick access to downtown Portland, OHSU, parks, local dining, and public transportation. Key Features: 2 Bedrooms / 1.5 Bathrooms Washer & Dryer Included Off-Street Parking Private Patio / Outdoor Space Close to OHSU, Downtown, and the South Waterfront District Easy access to I-5 and local transit 12 month lease - lease only (not managing). Rent: $1750/m Utilities: Tenant responsible for all, LL pays trash Pets: Cats, ok, dogs small only. No smoking Due at Move In: - One full month of monthly charges such as rent, pet rent, flat rate utility charge, etc. (2nd Month Is Prorated) - Security Deposit (50% - 150% Of Rent Value) VIEW AND APPLY: Schedule a showing by visiting, https www bluestonemgt com schedule-a-showing There is an application fee for each individual applicant. Our screening criteria is located here - www bluestonemgt com portland-screening We will begin accepting applications 3 days after posting. Pets and ESA are screened separately through Bluestonemgt PetScreening com All tenants, whether they have a pet or not, need to complete the screening. It is at no cost to the tenants without pets or ones with ESAs. Photos and square footage are representative of the property and/or similar units, but may not be for the exact unit available.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 4534 S Water Ave, Portland, OR 97239, USA compares to other nearby properties.
Positives
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Address details
| Neighborhood | Corbet - Terwilliger - Lair Hill |
|---|---|
| Zip code | 97239 |
| Type | House for rent |
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Rent trends in Corbet - Terwilliger - Lair Hill
2-bedroom apartments at 4534 S Water Ave #B cost about 9% less than the average rent price for 2-bedroom apartments in Portland.
Median rents as of Oct 18 2025.
Corbet - Terwilliger - Lair Hill
Portland
| Month | Median Rent |
|---|---|
| November 2023 | $1,796 |
| December 2023 | $1,813 |
| January 2024 | $1,810 |
| February 2024 | $1,795 |
| March 2024 | $1,796 |
| April 2024 | $1,795 |
| May 2024 | $1,785 |
| June 2024 | $1,817 |
| July 2024 | $1,886 |
| August 2024 | $1,871 |
| September 2024 | $1,861 |
| October 2024 | $1,812 |
| November 2024 | $1,801 |
| December 2024 | $1,795 |
| January 2025 | $1,731 |
| February 2025 | $1,761 |
| March 2025 | $1,777 |
| April 2025 | $1,755 |
| May 2025 | $1,746 |
| June 2025 | $1,743 |
| July 2025 | $1,735 |
| August 2025 | $1,780 |
| September 2025 | $1,757 |
| October 2025 | $1,750 |
| Month | Median Rent |
|---|---|
| November 2023 | $2,054 |
| December 2023 | $2,030 |
| January 2024 | $2,002 |
| February 2024 | $2,050 |
| March 2024 | $2,026 |
| April 2024 | $2,295 |
| May 2024 | $2,234 |
| June 2024 | $2,215 |
| July 2024 | $2,311 |
| August 2024 | $2,232 |
| September 2024 | $2,250 |
| October 2024 | $2,327 |
| November 2024 | $2,239 |
| December 2024 | $2,280 |
| January 2025 | $2,034 |
| February 2025 | $1,939 |
| March 2025 | $1,901 |
| April 2025 | $1,820 |
| May 2025 | $2,023 |
| June 2025 | $2,123 |
| July 2025 | $2,070 |
| August 2025 | $2,049 |
| September 2025 | $1,926 |
| October 2025 | $1,980 |
Affordability calculator
Can I afford to live at 4534 S Water Ave #B?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$70,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $70,000 annually to afford this 2-bedrooms monthly rent price of $1,750.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 2 years ago | $2,895 | 3 bed | 2.5 bath |
Schools near 4534 S Water Ave #B
Winterhaven School
3830 se 14th ave
portland, OR, 97202
K-8Public
A-
Capitol Hill Elementary School
8401 sw 17th ave
portland, OR, 97219
K-5Public
B+
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Internet available near 4534 S Water Ave #B
Getting around Portland near 4534 S Water Ave #B
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 4534 S Water Ave #B, Portland
Groceries
3/10
The nearest general grocery store is within a 20-to-30 minute walk.
Shopping
7/10
Several fashion stores are within a short walk.
Cafes
5/10
Several cafés are within a short walk.
Restaurants
7/10
Several restaurants are within a short walk.
Primary schools
7/10
The closest elementary school is within a 10-to-15-minute walk.
High schools
1/10
There are no high schools within a 30-minute walk.
Parks
9/10
A medium-size park and some other smaller parks in the area.
Nightlife
6/10
Several bars are within a short walk.
Other units at this address
4534 S Water Ave, Portland, OR
4534 S Water Ave Portland, OR
Occupied
A
3 Beds
2.5 Baths
$2,895
Dishwasher • Fireplace • In-Unit Laundry • Carpet
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