$3,400,000
NEW CONSTRUCTION $600K PRICE DROP

1535 N Alberta St Portland, OR 97217

Overlook Neighborhood

Estimated payment $21,251/month

Total Views 13,616
5 Beds
10 Baths
10,606 Sq Ft
$321 Price per Sq Ft

Highlights

  • New Construction
  • 4-minute walk to N Killingsworth
  • Zoned Heating
  • Beach Elementary School Rated A-
  • City View
  • 3-minute walk to Patton Square Park

About This Home

Exquisite modern, new construction 16-unit apartment complex from a quality local builder with a mix of studio (6) + 1 bed units (10) including (2) generously sized common rooms with kitchenette, electric fireplace + extensive windows! Each unit is expertly crafted featuring expansive ceilings + open concept floor plan bringing an abundance of natural light with designer finishes + colors! Sleek custom cabinetry, desirable SS appliances + in-unit W/D + bike room round out a few quality amenities. With remarkable proximity, in the heart of popular Overlook Neighborhood, nearby Interstates hot restaurants, shops, parks + transit! Phenomenal 99BikeScore!

Listing Agent

Darryl Bodle

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 01/09/2024

Keller Williams Realty Portland Premiere

Co-Listing Agent

Kelly Christian

Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $37,635

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Level Lot

Property Views

  • City
  • Woods

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 10,606 Sq Ft Home
  • 3-Story Property
  • Fire Sprinkler System

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 10 Bathrooms

Schools

  • Beach Elementary School
  • Ockley Green Middle School
  • Jefferson High School

Utilities

  • No Cooling
  • Zoned Heating

Listing and Financial Details

  • Assessor Parcel Number R257270

Community Details

Overview

  • 16 Units
  • Overlook Subdivision

Amenities

  • Common Area

Building Details

  • Operating Expense $77,282
  • Gross Income $263,221
  • Net Operating Income $185,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$37,635

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 2023
  • Property Condition: NewConstruction
  • Property Attached Yn: No
  • Open House: No
  • Special Features: 4098
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 5,000 to 6,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: Yes
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Flat
  • View: City,TreesWoods

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Security: FireSprinklerSystem
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Commons

Schools

  • Elementary School: Beach
  • High School: Jefferson
  • Middle Or Junior School: Ockley Green

Lot Info

  • Zoning: CM3
  • Parcel #: R257270

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 37635.22

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
  • Number Of Units Total: 16
  • Gross Rent Multiplier: 12.92
  • Annual Gross Income: 263221.0
  • Property Net Operating Income: 185940.0
  • Annual Operating Expense: 77282.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $3,400,000 -11.7% $321 / Sq Ft
07/25/2025 07/25/25 For Sale $3,849,900 0.0% $363 / Sq Ft
06/19/2025 06/19/25 Off Market $3,849,900 -- --
02/10/2024 02/10/24 Price Changed $3,849,900 -3.8% $363 / Sq Ft
01/09/2024 01/09/24 For Sale $3,999,900 -- $377 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24127293

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97217 Overlook

1535 N Alberta St, Portland, OR

This home is located at 1535 N Alberta St, Portland, OR 97217 and is currently priced at $3,400,000, approximately $320 per square foot. This property was built in 2023. 1535 N Alberta St is a home located in Multnomah County with nearby schools including Beach Elementary School, Ockley Green, and Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Darryl Bodle
Listing Agent
Darryl Bodle
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Keller Williams Realty Portland Premiere
(503) 755-1508