PKS 0521-36 is an Active Galactic Nucleus (AGN) with uncertain classification. We investigate the properties of this source from radio to gamma rays. The broad emission lines in the optical and UV bands and steep radio spectrum indicate a possible classification as an intermediate object between broad-line radio galaxies (BLRG) and steep spectrum radio quasars (SSRQ). On pc-scales PKS 0521-36 shows a knotty structure similar to misaligned AGN. The core dominance and the gamma-ray properties are similar to those estimated for other SSRQ and BLRG detected in gamma rays, suggesting an intermediate viewing angle with respect to the observer. In this context the flaring activity detected from this source by Fermi-LAT between 2010 June and 2012 February is very intriguing. We discuss the gamma-ray emission of this source in the framework of the structured jet scenario, comparing the spectral energy distribution (SED) of the flaring state in 2010 June with that of a low state. We present three alternative models corresponding to three different choices of the viewing angles theta_v = 6, 15, and 20 deg. We obtain a good fit for the the first two cases, but the SED obtained with theta_v = 15 deg if observed at a small angle does not resemble that of a typical blazar since the synchrotron emission should dominate by a large factor (about 100) the inverse Compton component. This suggests that a viewing angle between 6 and 15 deg is preferred, with the rapid variability observed during gamma-ray flares favouring a smaller angle. However, we cannot rule out that PKS 0521-36 is the misaligned counterpart of a synchrotron-dominated blazar.