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305 S Montgomery St 508, Portland, OR 97201 — photograph 1

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305 S Montgomery St 508, Portland, OR 97201 — photograph 1
3 Beds2.5 Baths2,720 sqft

305 S Montgomery St 508, Portland

$695,000

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PendingMLS®: 205173824Listing held by another brokerage, marked RMLS
Price per sqft
$255.51
Built in
1986
Property size
2,720 sqft
Property type
Residential
Days on market
167

Overview

An exceptional penthouse residence set along the banks of the Willamette River in Portland’s walkable RiverPlace district, this remarkable home offers the rare balance of expansive living and effortless urban convenience.Encompassing approximately 2,700 square feet, the residence was thoughtfully created by combining two separate units into one beautifully flowing floor plan. The result is an extraordinarily spacious three-bedroom layout with an additional den—ideal for a private office, library, or media retreat. Two generous primary suites provide comfort and flexibility, including one with a truly impressive walk-in closet(12'9 x 12,5) designed to accommodate the most extensive wardrobe with ease.Dramatic 13-foot vaulted ceilings elevate the main living areas, enhancing the sense of light and openness. A striking wood-burning rock fireplace anchors the space, adding warmth, character, and timeless architectural presence.Three private decks extend the living experience outdoors, each offering a unique vantage point of the river. From your expansive, river-facing terrace, enjoy Portland’s most beloved waterfront traditions—festive Christmas Ships gliding by in winter and spectacular Fourth of July fireworks illuminating the sky in summer—all from the comfort of home.The kitchen presents a rare and exciting opportunity: a generous footprint awaiting your vision and design touch to transform it into a truly showstopping culinary space. With a recent $200,000 price adjustment, the stage is set for a discerning buyer to create a dream kitchen worthy of the setting.Perfect for those looking to downsize without compromise, this penthouse delivers substantial square footage, refined character, and year-round riverfront living—all within one of downtown Portland’s safest and most walkable neighborhoods.A rare offering. An inspired canvas. An extraordinary place to call home.

Details

Interior

Interior features
Hardwood Floors, Sound System, Vaulted Ceiling, Wall to Wall Carpet, Water Purifier
Appliances
Appliance Garage, Built-in Refrigerator, Dishwasher, Gas Appliances, Pantry, Range Hood, Tile
Fireplace
Yes
Fireplaces
1
Fireplace description
Wood Burning
Cooling
Yes
Cooling description
Central Air
Heating
Yes
Heating description
Forced Air
Windows
Double Pane Windows

Exterior and lot

Exterior features
Covered Deck, Deck
Lot features
Trees
Architectural style
Traditional
Roof
Flat
View
Yes
View description
River

Utilities

Sewer
Public Sewer
Water source
Public Water

Parking

Garage spaces
4
Parking
Secured
Total parking
4

Schools

High school
Lincoln
Middle school
West Sylvan
Elementary school
Ainsworth

Location

City
Portland
County
Multnomah
Subdivision
RIVERPLACE CONDOMINIUMS

Taxes and dues

Annual taxes
$8,125 (2025)
HOA dues
$2,926 / month

Location

305 S Montgomery St 508, Portland, OR 97201

Map showing the location of 305 S Montgomery St 508, Portland, OR 97201
© Mapbox © OpenStreetMap

Monthly payment estimate

$7,302 /mo

20% · $139,000
7.00%
Principal and interest
$3,699
Property tax (2025)
$677
HOA dues
$2,926
Total
$7,302

Estimate only, and not an offer of credit. Assumes 20% down ($139,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.

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