Step into the heart of Portland’s beloved Alberta Arts District and discover a property unlike any other—a modern-day urban compound where creativity, community, and investment potential come together in a symphony of opportunity.With RM2-zoning, this extraordinary offering features a classic 1920s bungalow as the anchor residence, thoughtfully complemented by three stunning Scandinavian-inspired accessory dwellings completed in 2018 and finalized with the city in 2025. The original bungalow offers timeless charm and a great floor plan. From the moment you approach the front door, the original charm is evident. With its wide front porch, classic trim details, and generous windows, the home exudes warmth and authenticity. The spacious floor plan includes a well-proportioned living room, a large kitchen, 2 bedrooms, and a cozy sunporch. Beneath it all, a large unfinished basement provides over 800 square feet of blank canvas. Whether you’re dreaming of a vibrant family home, envisioning a collaborative artist collective, or looking for a high-performing income property, this property was designed to evolve with your vision. Don't miss this unique opportunity!
Active
$825,000
3265 NE Alberta St, Portland, OR 97211
4beds
2,872sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$812,300 Zestimate®
$287/sqft
$-- HOA
What's special
Cozy sunporchUnfinished basementGenerous windowsLarge kitchenSpacious floor planWide front porchClassic trim details
- 4 days
- on Zillow |
- 523 |
- 36 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 06:08am
Listed by:
Dori Olmsted 503-481-5686,
Cascade Hasson Sotheby's International Realty
Source: RMLS (OR),MLS#: 259087695

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- Partial bathrooms: 1
Heating
- Forced Air, Mini Split
Cooling
- Has cooling: Yes
Appliances
- Included: Range, Refrigerator, Washer/Dryer, Tankless Water Heater
Features
- Storage
- Flooring: Hardwood
- Basement: Exterior Entry,Full,Unfinished
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 2,872
- Total interior livable area: 2,872 sqft
Property
Lot
- Size: 5,662.8 Square Feet
- Features: SqFt 5000 to 6999
Details
- Parcel number: R166137
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1922
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Portland
Financial & listing details
- Price per square foot: $287/sqft
- Tax assessed value: $751,460
- Annual tax amount: $6,591
- Date on market: 7/17/2025
- Listing terms: Cash,Conventional
- Total actual rent: 5700
- Road surface type: Paved
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