2465 NE Alberta St

Portland, OR 97211

$9,599,900
Price
—
Beds
—
Baths
22,241 Sq. Ft.
$432 / Sq. Ft.
22,241
Sq. Ft.
$432
per Sq. Ft.
Get preapproved with Rocket Mortgage1

Description

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...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.
  1. Listed by Darryl Bodle • Keller Williams Realty Portland Premiere • 503-709-4632
  2. Listed by Kelly Christian • Keller Williams Realty Portland Premiere

Property Details for 2465 Northeast Alberta Street

Subdivision
CONCORDIA
Zoning
CM2
View
Trees Woods
LISTING UPDATED: 04/28/2026 12:12 AM

Property Details for 2465 Northeast Alberta Street

StatusActive
MLS #251497797
Days on Market266
Taxes$12,889 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built2025
Lot Size0.17 AC / 7,405 SF
CountyMultnomah County
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Location

Listing Courtesy of Keller Williams Realty Portland Premiere
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Building Information for 2465 Northeast Alberta Street

Stories4Residences34Year Built2025Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

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$49,415 per month

30 year fixed, 6.46% Interest

Principal and Interest

$48,340

Property Taxes

$1,074

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2465 Northeast Alberta Street

Summary
Location and General Information
  • Country: US
  • Directions: Corner of NE Alberta St & NE 25th Ave
  • Road Surface: Paved
School Information
  • Elementary School: Vernon
  • High School: Jefferson
  • Middle Or Junior School: Vernon
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $12,888.64
  • Parcel Number: R186528
  • Tax Legal Description: INA PK, BLOCK 11, LOT 11&12 EXC PT IN ST & EXC PT IN ALLEY, POTEN
Property
Lot Information
  • Acres: 0.17
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 7405.0
  • Lot Size Dimension: 100'x80'
  • Lot Size Range: Sq Ft7000to9999
  • Lot Size: 7,000 to 9,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Under Construction
  • Year Built: 2025
Utilities
  • Cooling Description: Heat Pump
  • Fuel Description: Electricity
  • Heating Description: Mini Split
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum, Metal Siding, Other
  • Roof Type: Flat
Interior Features
  • Stories: 4
Multi Family
Multi-Family Information
  • Number Of Units Total: 34
  • Gross Income Actual: $739,881.00
  • Gross Rent Multiplier: $12.97
  • Investor Information: According To Owner
  • Net Income Actual: $553,593.00
  • Operating Expense: $186,289.00
  • Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
  • Common Amenities: Commons
  • SqFt Approximate Building Total: 22241
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Rent: $2,021
  • Unit Type 1 SqFt: 756.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 0
  • Unit Type 2 Rent: $4,785
  • Unit Type 2 SqFt: 1595.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 3 Rent: $2,000
  • Unit Type 3 SqFt: 789.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 4 Rent: $1,750
  • Unit Type 4 SqFt: 632
  • Unit Type 4 UnitsTotal: 2
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 5 Rent: $1,650
  • Unit Type 5 SqFt: 560.0
  • Unit Type 5 Units Total: 14
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 6 Rent: $1,575
  • Unit Type 6 SqFt: 504.0
  • Unit Type 6 Units Total: 6
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 1
  • Unit Type 7 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 7 Rent: $1,500
  • Unit Type 7 SqFt: 414
  • Unit Type 7 Units Total: 2
Unit 8 Information
  • Unit Type 8 Baths Total: 1
  • Unit Type 8 Baths Decimal: 1.00
  • Unit Type 8 Beds Total: 0
  • Unit Type 8 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 8 Rent: $1,400
  • Unit Type 8 SqFt: 400.0
  • Unit Type 8 Units Total: 4
Unit 9 Information
  • Unit Type 9 Baths Total: 1
  • Unit Type 9 Baths Decimal: 1.00
  • Unit Type 9 Beds Total: 0
  • Unit Type 9 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 9 Rent: $1,300
  • Unit Type 9 SqFt: 367.0
  • Unit Type 9 Units Total: 1
Unit 10 Information
  • Unit Type 10 Baths Total: 1
  • Unit Type 10 Baths Decimal: 1.00
  • Unit Type 10 Beds Total: 0
  • Unit Type 10 Features: Air Conditioning, Dishwasher, Range
  • Unit Type 10 Rent: $1,200
  • Unit Type 10 SqFt: 325.0
  • Unit Type 10 Units Total: 2

Property History for 2465 Northeast Alberta Street

DateEvent & SourcePriceAppreciation
Aug 1, 2018

Sold (Public Record)

Public Record #632908699

$1,167,000

+22.7% / yr

Aug 17, 2017

Sold (Public Record)

Public Record #603090389

$960,000—
DateEvent & SourcePrice
08/01/2018

Sold (Public Record)

Public Record #632908699

$1,167,000

+22.7% / yr

08/17/2017

Sold (Public Record)

Public Record #603090389

$960,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2465 Northeast Alberta Street

Taxable ValueLand-Additions-Total-
Tax Record2025$13,369 ($1,114 / month)
Home Facts
Baths1.5Total Finished SqFt22,241 SqFtAbove Grade Finished SqFt22,241 SqFtStories1Lot Size7,520 SqFtStyleMulti-Family Res (5+ Units)Year Built2023ZoningCMCountyMULTNOMAHAPN1N1E24BB 25300

Schools near 2465 Northeast Alberta Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Vernon Elementary School
Public - PK to 8
Leodis V. McDaniel High School
Public - 9 to 12
Jefferson High School
Public - 9 to 12
Kairos PDX
Charter - K to 5
Rating
School
Distance
Vernon Elementary School
PublicPK to 8

Leodis V. McDaniel High School
Public9 to 12

Jefferson High School
Public9 to 12

Kairos PDX
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2465 Northeast Alberta Street, Portland, OR 97211

2465 Northeast Alberta Street is a multi-family home for sale in Portland, OR 97211. This property was listed for sale on August 5, 2025 by Keller Williams Realty Portland Premiere, it's currently listed at $9,599,900. It has been on the market for a total of 266 days and was last sold on August 1, 2018. This listing's school district is Portland School District 1j. Nearby schools include Vernon Elementary School, Leodis V. McDaniel High School and Jefferson High School. 2465 Northeast Alberta Street is a 0-bed, 0-bath, 22,241 sqft multi-family home built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Portland Premiere

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 04/28/2026 12:12 AM