Home / Portland / Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace
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Updated 41 minutes ago

Eliot Neighborhood House: 2 Bedroom, Large Basement,...


506 NE Russell St Portland, OR

2 Bed
1 Bath

800 Sq. Ft.

Available starting Apr. 1st
2 Beds • 1 Bath
$2,500
800 ft2
1 Available
Managed By: Reliance Property Management Inc.
-
$2,500
Available Apr 1st, 2026
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Amenities
Fireplace
Hardwood Floors
Range / Oven
Property details
Description

Stunning honey oak floors run throughout this lovely 2 bedroom, 1 bath 1800's home. Tall ceilings, curved archways, covered front porch and new roof!
It's lovely front living room is adorned with sun loving, picture framed windows, cozy wood burring fireplace with built-in mantel.
Through the living room is the formal dining room, conveniently adjacent to the full kitchen.
The kitchen hosts full size appliances including; gas range, refrigerator, lifted micro-hood and dishwasher.
The kitchen also includes a door to back mud room and out to onsite parking. Easily deliver your groceries into the kitchen without tracking mud through the front door!
Both bedrooms include two walls of windows and solid wood doors. The home's full bath has an updated, neutral tiled tub/shower combo with new sink vanity, medicine cabinets and linen cabinetry for personal storage.
Further amenities include: onsite parking for one compact vehicle, large basement with full size laundry units, covered front porch & backyard space
.
Just a block off MLK and close to Broadway restaurants, cafes and boutiques.
Near bus routes 6
10 Minutes to Downtown Portland
Address: 506 NE Russell St., Portland, OR 97212
Bedrooms: 2
Bathrooms: 1
Sq Ft: 800
Total Monthly Dues = $2500 plus garbage reimbursement
Security Deposit: $2000
Utilities paid by tenant: Electric, gas, ater/sewer, internet, cable, and garbage reimbursement
Laundry: Full size Washer and dryer in basement
Parking: 1 onsite unassigned space for a compact vehicle plus free street parking
Lease Option: 12 Month Lease
Terms: No smoking. Providing proof of renter's insurance is required prior to taking possession of the property.
Accessible Dwelling Unit: No
**Applications: In accordance with Portland City Code (FAIR Ordinance) and Oregon Fair Housing laws, the application period will open on March 28, 5:30pm (PST).
-Applications received before this time will be subject to an 8-hour penalty, meaning their effective submission time will be recorded as 8 hours after the application period opens.
-For groups applying together, the application time is recorded based on the last completed application within the group.
* For tenant rights, application and screening laws you can visit the following link: https://beta.portland.gov/phb/rental-services/application-and-screening
* NOTE: If you are viewing this listing on a third-party website, please visit our website to ensure the accuracy of the listing description and availability.
WE DO NOT ADVERTISE ON CRAIGSLIST.
======================================================================================
Terms, information and condition of property are subject to change. Schools should be independently verified
Leasing Information: Monday through Friday
Tours are available virtually or in person.
Leasing Agent: Patricia
pmay@reliancepminc.com
503-869-1555

Additional Details
Total Unit Count: 1
Last Updated: Updated 41 minutes ago
Contact Number: (503) 244-1359
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
CenturyLink, Inc. 940.0 940.0
ViaSat, Inc. 100.0 3.0
Hughes Network Systems, LLC 25.0 3.0
CenturyLink, Inc. 10.0 0.768
Data from June 2020 provided by the FCC
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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 Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace by bedroom type below.
2 Bedroom
Suggested income:
$90,000
per year
Rent report

Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace Rent vs. Portland Average

 Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace      Portland Average
2BR
$2,500
$1,850
$0
$850
$1,700
$2,550
$3,400

Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace is asking 35% more than the average 2 bedroom apartment in Portland.

If you upsized to an average priced Portland 3 bedroom apartment, you would pay 23% more per month.

If you downsized to an average priced Portland 1 bedroom apartment, you would pay 26% less per month.

Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace provides 10% less square footage than the average Portland 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace
2BR $2,500 $3.10 $7,500
Portland Average
Studio $1,196 $3.00 $3,587
1BR $1,468 $2.40 $4,403
2BR $1,850 $2.10 $5,549
3BR $2,413 $1.90 $7,240
4BR $3,840 $1.70 $11,520

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 1,854 1BR units on the market in Portland. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
25% 38% 30% 6% 1%
Available Units in Portland
Studio 1,235
1BR 1,854
2BR 1,456
3BR 304
4BR 63
Location
Nearby Colleges
Nearby Hospitals
Name Distance
Legacy Emanuel Medical Center 0.49 mi.
Legacy Transplant Services 1.92 mi.
Legacy Good Samaritan Medical Center 1.92 mi.
Nearby Fire Stations
Name Distance
Portland Fire & Rescue 1.4 mi.
Humboldt Fire Department 1.52 mi.
Portland Fire Department 1.52 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 on April 01, 2026.
What's the square footage of the available units?
It's 800 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 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Eliot Neighborhood House: 2 Bedroom, Large Basement, Hardwood Floors, Laundry Units & Fireplace has a 2 bedroom unit starting at $2,500.
Where is this property located?
This property is at 506 NE Russell St in Portland, OR. It's 1.4 miles northeast from the center of Portland.
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