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Updated 1 hour ago

Fully Updated Luxury Portland Penthouse - The Gem Of The...


1500 SW 5th Ave Unit 1101 Portland, OR

3 Bed
2 Bath

2,436 Sq. Ft.

Available Now
1 Bed • 1 Bath
$2,800 - $2,900
1320 ft2
0 Available
Managed By: Pearl Property Management
1500 SW 5th Avenue #2606
$2,800
Rented
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PPC2606
$2,900
Rented
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1 Bed • 1 Bath
$1,495
845 ft2
0 Available
Managed By: Residential Property Management Inc.
-
$1,495
Rented
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1500 SW 5th Ave. #102
$1,495
Rented
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2 Beds • 2 Bath
$1,895 - $2,550
1319 ft2
0 Available
Managed By: Jim Mc Neeley Real Estate & Property Management, Inc.
1500 SW 5th Ave #501
$1,895
Rented
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1500 SW 5th Avenue #2001
$2,550
Rented
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2 Beds • 2 Bath
$2,195
1350 ft2
0 Available
Managed By: Performance Properties Inc.
1500 SW 5th Avenue #406
$2,195
Rented
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2 Beds • 2 Bath
$1,995
1319 ft2
0 Available
Managed By: avail
2 Bedroom 2 Bathroom Condo at The Portland Plaza
$1,995
Rented
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2 Beds • 2 Bath
$2,200
1319 ft2
0 Available
Managed By: Hayes Team
Beautiful Renovated Apartment in Portland Plaza! Panoramic Views of City!
$2,200
Rented
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3 Beds • 2 Bath
$5,799
2436 ft2
1 Available
Managed By: Prop M, Inc
-
$5,799
Available Now
View
Where you'll live
Street View
Map View
Satellite View
Amenities
Pool
Range / Oven
Microwave
Stainless Appliances
Property details
Description

*Dream home alert! Homes are flying off the market, so we recommend applying before viewing to snag your spot in line. To speed up approval, gather and submit all documents upfront. Due to high demand, we're only able to offer one in-person showing per potential tenant—so pick your favorite! Most of our listings include virtual tours, so you can preview homes online, and we suggest driving by to check out the neighborhood before scheduling your showing. Have questions? Call our office for help!*
Neighborhood:
Your home in the heart of Downtown Portland delivers the ultimate urban lifestyle—steps from award-winning dining, upscale shopping, cultural arts, and the scenic waterfront. Enjoy unmatched walkability to Portland’s most iconic attractions including the Portland Art Museum, Pioneer Courthouse Square, and Tom McCall Waterfront Park. With MAX lines and streetcars nearby, commuting is a breeze. Whether you're a foodie, creative, or professional, this location places you at the center of it all.
Living Area:
Step into an architectural masterpiece with sweeping views of the Portland skyline through floor-to-ceiling curved glass. The open-concept living room is wrapped in elegance, with sleek oak floors, designer lighting, and built-in glass displays that blend modern warmth with striking visual appeal. Ample space for entertaining or relaxing while soaking in the cityscape.
Kitchen:
This chef-worthy kitchen will leave you speechless. A massive black-leathered granite waterfall island anchors the space, perfect for prep, casual meals, or hosting. Custom cabinetry, under-cabinet lighting, and upscale finishes define both function and design. The open layout ensures stunning city views from every angle. Your appliances include a built-in Wolf oven, electric cooktop, integrated refrigerator/freezer, dishwasher, and microwave—all seamlessly tucked into sleek custom cabinetry.
Bedroom/Bathroom:
Retreat into a luxurious primary suite that feels like a 5-star hotel—complete with ambient ceiling lighting, full-height windows, a built-in headboard surround, and an expansive walk-in closet. The spa-inspired en-suite features black herringbone tile, dual vanities, and an oversized walk-in rainfall shower with bench seating. Secondary bedrooms are equally refined with built-in storage, soft carpeting, and striking downtown views.
Exterior/Parking:
Step outside your unit and indulge in unmatched resort-style amenities. Soak up the sun on the expansive building Terrace complete with a sparkling pool, lush greenery, and sleek lounge furniture perfect for relaxing or entertaining. Stay active year-round in the fully equipped, state-of-the-art fitness center just steps from your front door. Host unforgettable gatherings in the private outdoor kitchen and grill area, all under a stylish modern canopy. Prefer a quiet afternoon? Retreat to the tranquil library lounge or unwind in the chic lobby where you have 24 concierge service. Two secure garage parking ensures peace of mind, with easy access to your home in the heart of Portland's urban elegance.
Special Terms:
HOA requires $450 move-in fee. Move-in must be scheduled in advance with the HOA.
Available for a minimum one-year lease with the option to renew.
Rental Criteria: https://www.propmhomes.com/rental-criteria
Utilities Included: Water, Sewer, and Garbage.
Utilities you are responsible for: Electric and Cable/Internet.
Washer and Dryer are Included in this Rental.
Heating Source: Forced Air
Cooling Source: Central Air
*Heating and Cooling Sources must be independently verified by the applicant before applying! Homes are not required to have A/C.*
Pets: Sorry, this home is not pet friendly.
Elementary School: Chapman Elementary
Middle School: West Sylvan Middle
High School: Lincoln High
*Disclaimer: All information, regardless of source, is not guaranteed and should be independently verified. Including paint, flooring, square footage, amenities, and more. This home may have an HOA/COA which has additional charges associated with move-in/move-out. Tenant(s) would be responsible for verification of these charges, rules, as well as associated costs. Applications are processed first-come, first-served. All homes have been lived in and are not new. The heating and cooling source needs to be verified by the applicant. Square footage may vary from website to website and must be independently verified. Please confirm the year the home was built so you are aware of the age of the home. A lived-in home will have blemishes, defects, and more. Homes are not required to have A/C. Please verify status before viewing/applying.*

Additional Details
Total Unit Count: 1
Last Updated: Updated 1 hour ago
Contact Number: (503) 395-7055
Photos Floor Plans Amenities
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Fully Updated Luxury Portland Penthouse - The Gem Of The City! by bedroom type below.
3 Bedroom
Suggested income:
$208,800
per year
Rent report

Fully Updated Luxury Portland Penthouse - The Gem Of The City! Rent vs. Portland Average

 Fully Updated Luxury Portland Penthouse - The Gem Of The City!      Portland Average
3BR
$5,799
$2,470
$0
$1,900
$3,800
$5,700
$7,600

Fully Updated Luxury Portland Penthouse - The Gem Of The City! is asking 135% more than the average 3 bedroom apartment in Portland.

If you upsized to an average priced Portland 4 bedroom apartment, you would pay 35% more per month.

If you downsized to an average priced Portland 2 bedroom apartment, you would pay 35% less per month.

Fully Updated Luxury Portland Penthouse - The Gem Of The City! provides 79% more square footage than the average Portland 3 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Fully Updated Luxury Portland Penthouse - The Gem Of The City!
3BR $5,799 $2.40 $17,397
Portland Average
Studio $1,203 $3.00 $3,608
1BR $1,485 $2.40 $4,456
2BR $1,827 $2.10 $5,482
3BR $2,470 $1.80 $7,411
4BR $3,772 $1.60 $11,317

Availability in Portland

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,841 1BR units on the market in Portland. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
24% 37% 31% 7% 2%
Available Units in Portland
Studio 1,210
1BR 1,841
2BR 1,538
3BR 334
4BR 77
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Shri NER S Hospital For Children Portland 0.87 mi.
Ohsu Hospital And Clinics 1.02 mi.
Ohsu Transplant Hospital 1.03 mi.
Nearby Fire Stations
Name Distance
Portland Fire & Rescue 0.77 mi.
Hillsdale Fire Protection District 2.69 mi.
Vermont Fire Protection District 3.41 mi.
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 2,436 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 3 bedroom units available.
How many bathrooms are in the available units?
There are 2 bathroom units available.
What's the monthly rent at this property?
Fully Updated Luxury Portland Penthouse - The Gem Of The City! has a 3 bedroom unit starting at $5,799.
Where is this property located?
This property is at 1500 SW 5th Ave Unit 1101 in Portland, OR. It's 0.7 miles south from the center of Portland.
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