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
$9,599,900
2465 NE Alberta St, Portland, OR 97211
28beds
22,241sqft
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$432/sqft
$-- HOA
What's special
Modern designElevator accessStylish contemporary interiorsSleek modern exteriorWelcoming outdoor common area
- 335 days |
- 171 |
- 4 |
Zillow last checked:
Listing updated:
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
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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 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: $432/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
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Price change | $9,599,900-2%$432/sqft |
Source:  RMLS (OR) #251497797 Report a problem | ||
| 12/3/2025 | Price change | $9,799,900-1.5%$441/sqft |
Source: RMLS (OR) #251497797 Report a problem | ||
| 8/6/2025 | Listed for sale | $9,949,900+610.7%$447/sqft |
Source: RMLS (OR) #251497797 Report a problem | ||
| 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 | ||
| 7/6/2019 | Listed for rent | $2,795 |
Source: Enko Properties, LLC Report a problem | ||
| 6/18/2019 | Listing removed | $739,900$33/sqft |
Source: KW Portland Premiere #19609444 Report a problem | ||
| 6/3/2019 | Price change | $739,900-54.6%$33/sqft |
Source: KW Portland Premiere #19609444 Report a problem | ||
| 1/2/2019 | Price change | $1,629,800-1.2%$73/sqft |
Source: KW Portland Premiere #19609444 Report a problem | ||
| 10/22/2018 | Price change | $1,649,800+120%$74/sqft |
Source: KW Portland Premiere #19609444 Report a problem | ||
| 10/19/2018 | Listed for sale | $749,900-35.7%$34/sqft |
Source: Keller Williams Realty Portland Premiere #18068657 Report a problem | ||
| 10/18/2018 | Sold | $1,167,000+21.6%$52/sqft |
Source: Public Record Report a problem | ||
| 8/18/2017 | Sold | $960,000$43/sqft |
Source: Public Record Report a problem | ||
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% |
| 2022 | $2,203 +1.7% | $82,510 +3% |
| 2021 | $2,166 -18.8% | $80,110 -23.2% |
| 2020 | $2,666 +1.2% | $104,370 +0.4% |
| 2019 | $2,636 | $104,000 +3% |
| 2018 | $2,636 +3% | $100,980 +3% |
| 2017 | $2,559 +14% | $98,040 +3% |
| 2016 | $2,244 | $95,190 +3% |
| 2015 | $2,244 +2.7% | $92,420 +3% |
| 2014 | $2,186 +3.9% | $89,730 +3% |
| 2013 | $2,103 +10.5% | $87,120 +3% |
| 2012 | $1,902 +3.9% | $84,590 +3% |
| 2011 | $1,831 +5.4% | $82,130 +3% |
| 2010 | $1,737 +2.7% | $79,740 +3% |
| 2009 | $1,691 +6% | $77,420 +3% |
| 2008 | $1,596 +0.3% | $75,170 +3% |
| 2007 | $1,592 +11.3% | $72,990 +3% |
| 2006 | $1,429 +4.7% | $70,870 +3% |
| 2005 | $1,365 -8.2% | $68,810 +3% |
| 2004 | $1,487 +2.3% | $66,810 +3% |
| 2003 | $1,454 +8.9% | $64,870 +3% |
| 2002 | $1,336 +7.4% | $62,990 +6.1% |
| 2000 | $1,244 +7.5% | $59,380 +3% |
| 1999 | $1,157 | $57,660 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Concordia
Nearby schools
GreatSchools rating
- 9/10Vernon Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 5/10Jefferson High SchoolGrades: 9-12Distance: 1.6 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Oregon
- Multnomah County
- Portland
- 97211
- Concordia
- 2465 NE Alberta St
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