4534 S Water Ave

Portland, OR 97239
(971) 364-8605
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4534 S Water Ave

4534 S Water Ave
Portland, OR 97239
(971) 364-8605
4534 S Water Ave in Portland, OR - Building Photo
2 Bedroom - Home for Rent
  • 2BR, 2BAHome
  • $1,750Price
  • 1,000Square Feet
  • Available NowAvailability

About 4534 S Water Ave

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, There is an application fee for each individual applicant. Our screening criteria is located here - We will begin accepting applications 3 days after posting. Pets and ESA are screened separately through 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.

4534 S Water Ave is located in the South Portland Neighborhood and 97239 Zip code of Portland, OR.

Property Contact Info

Contact: Bluestone Real Estate Services

Features and Amenities

On-Site Services

  • Garden Style
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4534 S Water Ave, Portland, OR 97239

Frequently Asked Questions about 4534 S Water Ave

What type of rental is available at 4534 S Water Ave?

There is currently a 2 Bed 2 Bath Home for rent with 1,000 sq ft listed at 4534 S Water Ave. It is Available Now.

How much is the rent at 4534 S Water Ave?

The rental at 4534 S Water Ave is currently listed at $1,750.

What area of town is 4534 S Water Ave located in?

Located in the South Portland Neighborhood, 4534 S Water Ave is in the 97239 Zip Code of Portland, OR.

Points of Interest

Time and distance from 4534 S Water Ave.

Arts Museums and Landmarks

Oregon Museum of Science and Industry

1945 SE Water Avenue
4 minute drive / 1.46 miles away

Portland Art Museum

1219 SW Park Avenue
5 minute drive / 1.83 miles away

Oregon Jewish Museum

310 NW Davis St
5 minute drive / 2.4 miles away

Big Box and Retail

Safeway

2800-2804 SE Hawthorne Blvd
5 minute drive / 2.55 miles away

Walgreen's

3909 SE Holgate Blvd
5 minute drive / 2.79 miles away

Walgreens

9855 SW Capitol Hwy
6 minute drive / 3.17 miles away

Colleges and Universities

Oregon Health and Science University

3181 SW Sam Jackson Park Road
1 minute drive / 0.65 miles away

Oregon Health and Science University - South Waterfront Campus

3303 SW Bond Avenue
2 minute drive / 0.75 miles away

Portland State University

724 SW Harrison
4 minute drive / 1.42 miles away

Groceries

New Seasons Market

1214 SE Tacoma St
4 minute drive / 2.2 miles away

Safeway

2800-2804 SE Hawthorne Blvd
5 minute drive / 2.55 miles away

Trader Joe's

2120-2122 NW Glisan St
5 minute drive / 2.6 miles away

Hospitals

Shriners Hospital For Children - Portland

3101 Sw Sam Jackson Park Road
2 minute drive / 0.73 miles away

Ohsu Hospital And Clinics

3181 Sw Sam Jackson Park Road
2 minute drive / 0.74 miles away

Legacy Good Samaritan Medical Center

1015 Nw 22nd Avenue, W121
6 minute drive / 2.91 miles away

Military Bases

Portland Airport Air Guard Station

15 minute drive / 7.34 miles away

Camp Withycombe National Guard

17 minute drive / 8.06 miles away

Parks and Recreation

Oaks Amusement Park

7805 SE Oaks Park Way
4 minute drive / 1.64 miles away

Pittcock Mansion

3229 NW Pittock Drive
6 minute drive / 2.99 miles away

4534 S Water Ave has 2 parks within 3.0 miles, including Oaks Amusement Park, and Pittcock Mansion.

Shopping Centers

Macadam Market

6141 SW Macadam Ave
2 minute drive / 0.82 miles away

Hillsdale

6302-6366 SW Capitol Hwy
3 minute drive / 1.05 miles away

Hillsdale Shopping Center

6335-6348 SW Capitol Hwy
3 minute drive / 1.08 miles away

4534 S Water Ave has 5 shopping centers within 1.3 miles.

Transit Stations

SW Lowell & Bond-Portland Streetcar

1 minute drive / 0.49 miles away

SW Bond & Lane-Portland Streetcar

1 minute drive / 0.58 miles away

SW Moody & Gaines-Portland Streetcar

1 minute drive / 0.58 miles away

Nearby Neighborhoods

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Studio to 3 Bedroom Apartments from $1,250
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Nearby Apartments

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Portland Studio Apartments $1,359$619$6,497
Portland 1 Bedroom Apartments $1,798$698$7,200
Portland 2 Bedroom Apartments $2,147$703$9,214
Portland 3 Bedroom Apartments $2,684$804$10,000+
Portland 4 Bedroom Apartments $4,310$1,810$9,365
Portland 5 Bedroom Apartments $7,498$3,250$10,000+

Browse Top Apartments in Portland

Viewing: 4534 S Water Ave | Desktop Version | Listing Updated: 10/24/2025