16121 NE SAN RAFAEL STPortland, OR 97230
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Exceptional one-of-a-kind custom-built home situated on a desirable corner lot and encompassing two separate legal lots, offering outstanding flexibility and future potential. With nearly 5,000 square feet of spacious living area, this impressive residence provides room for a variety of lifestyles and uses.The property features exceptional RV, boat, and recreational vehicle parking, with space alongside the home as well as an oversized bay garage ideal for large vehicles, additional storage, or workshop space. The fully fenced backyard and side yard create a private, country-like setting while still enjoying the convenience of being located in the heart of the city.The expansive daylight basement features a wet bar and offers excellent potential for multi-generational living, guest quarters, or a mother-in-law suite. With the addition of a few appliances, the space can easily accommodate a second kitchen setup.Adding to the property’s versatility, the home is permitted for short-term rental use and is currently operating as a successful vacation rental. The existing short-term rental permit is transferable with the sale, providing the new owner with the opportunity to continue operating the property as an Airbnb, subject to applicable requirements.With two legal lots, nearly 5,000 square feet, flexible living arrangements, short-term rental income potential, abundant parking, and future development possibilities, this truly unique property offers an exceptional combination of space, versatility, and opportunity. A must-see property with possibilities rarely found in the city!
| 3 hours ago | Listing updated with changes from the MLS® | |
| 3 hours ago | Listing first seen on site |
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Last checked 2026-08-17 03:42 AM PDT.
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