2465 NE Alberta St Portland, OR 97211
Concordia NeighborhoodEstimated payment $55,551/month
Highlights
- View of Trees or Woods
- Cooling Available
- Heat Pump System
- Corner Lot
- Under Construction
About This Home
Introducing a rare chance to own a newly constructed 32-unit apartment building with 2 retail spaces in one of Portland’s most vibrant and walkable neighborhoods—Alberta Arts. This premier asset blends modern design, long-term durability, and wide-ranging rental appeal, making it a turnkey opportunity for seasoned investors or those looking to grow their portfolio. The building offers a desirable unit mix, from efficient studios to spacious two-bedrooms, each thoughtfully designed with stylish, contemporary interiors. A sleek modern exterior, elevator access, and a welcoming outdoor common area enhance both tenant satisfaction and curb appeal. Located steps from local favorites like Pine State Biscuits, Gumba, Great Notion, and a wide array of art galleries, shops, and eateries, this property sits at the epicenter of culture and convenience. With a strong Walk Score and bike-friendly streets, it's perfect for tenants seeking a connected, car-free lifestyle. Don’t miss the opportunity to secure a top-tier multifamily asset in the iconic Alberta Arts District.
Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #199910100 Listed on: 08/05/2025

Co-Listing Agent
Keller Williams Realty Portland Premiere Brokerage Phone: 503-709-4632 License #201231606
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,889
Year Built
- Built in 2025 | Under Construction
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 100'x80'
- Corner Lot
Home Design
- Flat Roof Shape
- Metal Siding
Interior Spaces
- 22,241 Sq Ft Home
- 4-Story Property
- Views of Woods
Bedrooms and Bathrooms
- 7 Bedrooms
- 10 Bathrooms
Schools
- Vernon Elementary And Middle School
- Jefferson High School
Utilities
- Cooling Available
- Heat Pump System
- Mini Split Heat Pump
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number R186528
Community Details
Overview
- 34 Units
- Concordia Subdivision
Amenities
- Common Area
Building Details
- Operating Expense $186,289
- Gross Income $739,881
- Net Operating Income $553,593
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/05/2025 08/05/25 | For Sale | $9,949,900 | -- | $447 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 251497797

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