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.
Active
Price cut: $150K (12/3)
$9,799,900
2465 NE Alberta St, Portland, OR 97211
28beds
22,241sqft
Est.:
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$441/sqft
$-- HOA
What's special
Stylish contemporary interiorsSleek modern exteriorWelcoming outdoor common area
- 131 days |
- 341 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: December 13, 2025 at 04:43pm
Listed by:
Darryl Bodle 503-709-4632,
Keller Williams Realty Portland Premiere,
Kelly Christian 908-328-1873,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 251497797
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 34
- Full bathrooms: 34
Heating
- Mini Split
Cooling
- Heat Pump, Air Conditioning
Appliances
- Included: Dishwasher, Range, Electric Water Heater
Interior area
- Total structure area: 22,241
- Total interior livable area: 22,241 sqft
Property
Features
- Stories: 4
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 7,405.2 Square Feet
- Dimensions: 100' x 80'
- Features: Corner Lot, SqFt 7000 to 9999
Details
- Parcel number: R186528
- Zoning: CM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Metal Siding, Other
- Roof: Flat
Condition
- Under Construction
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Commons
- Subdivision: Concordia
Location
- Region: Portland
Financial & listing details
- Price per square foot: $441/sqft
- Tax assessed value: $1,105,670
- Annual tax amount: $12,888
- Date on market: 8/5/2025
- Listing terms: Cash,Conventional
- Total actual rent: 57156
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Price change | $9,799,900-1.5%$441/sqft |
Source: | ||
| 8/6/2025 | Listed for sale | $9,949,900+610.7%$447/sqft |
Source: | ||
| 10/21/2019 | Sold | $1,400,000+89.2%$63/sqft |
Source: Public Record Report a problem | ||
| 7/31/2019 | Listing removed | $2,695-3.6% |
Source: Enko Properties, LLC Report a problem | ||
| 7/18/2019 | Listed for sale | $739,900$33/sqft |
Source: KW Portland Premiere #19609444 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,369 +3.7% | $496,170 +3% |
| 2024 | $12,889 +472.4% | $481,720 +466.9% |
| 2023 | $2,252 +2.2% | $84,980 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$49,189/mo
Principal & interest
$38001
Property taxes
$7758
Home insurance
$3430
Climate risks
Neighborhood: Concordia
Nearby schools
GreatSchools rating
- 9/10Vernon Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 5/10Jefferson High SchoolGrades: 9-12Distance: 1.5 mi
- 4/10Leodis V. McDaniel High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Vernon
- Middle: Vernon
- High: Jefferson
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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