Positioned on a prominent 5,000 sq ft corner lot at 4836 N Albina Ave, this prime RM2-zoned property offers an unparalleled combination of immediate cash flow, flexible land-banking, and high-density development potential. Featuring an advantageous 3:1 Floor Area Ratio (FAR) that supports up to 15,000 sq ft of future allowable buildable area, the site represents a rare urban infill opportunity in the heart of North Portland's highly sought-after Mississippi and Williams corridors. The property currently generates over $2,000 per month in holding revenue from a reliable month-to-month occupant, allowing an investor or builder to enjoy consistent passive income while securing permits and finalizing project designs. The existing structure is a well-maintained, move-in-ready home complete with a multi-level floor plan, an updated kitchen with granite counters and stainless steel appliances, classic millwork, and rare off-street parking. Whether your strategy is to hold and collect cash flow, execute an immediate multi-unit development, or capitalize on Portland’s growing demand for urban density, this property delivers unbeatable positioning and maximum future upside.
Active
Price cut: $5K (8/11)
$584,900
4836 N Albina Ave, Portland, OR 97217
3beds
2,009sqft
Residential, Single Family Residence
Built in 1908
5,227 Square Feet Lot
$-- Zestimate®
$291/sqft
$-- HOA
What's special
Beautifully updated kitchenFresh paintCharming homeClassic architectural millworkRare off-street parkingBright interiorGranite counters
- 61 days
- 386
- 25
Zillow last checked:
Listing updated:
Listed by:
Dustin Funes 503-314-2592,
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 309804710
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Laundry, Storage, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
- Level: Main
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Built-In Range, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Stainless Steel Appliance(s), Gas Water Heater
Features
- Granite
- Basement: Full,Unfinished
Interior area
- Total structure area: 2,009
- Total interior livable area: 2,009 sqft
Video & virtual tour
Property
Parking
- Parking features: Driveway, On Street
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,227 Square Feet
- Features: Corner Lot, SqFt 5000 to 6999
Details
- Parcel number: R135634
- Zoning: RM2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Residential, Single Family Residence
Materials
- Lap Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1908
Utilities & green energy
- Gas: Gas
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Mississippi Ave
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Price per square foot: $291/sqft
- Tax assessed value: $556,200
- Annual tax amount: $2,336
- Date on market: 6/28/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Price change | $584,900-0.8%$291/sqft |
Source:  RMLS (OR) #309804710 Report a problem | ||
| 6/28/2026 | Listed for sale | $589,900+9.2%$294/sqft |
Source: RMLS (OR) #309804710 Report a problem | ||
| 1/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/10/2023 | Listed for rent | $2,495$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/26/2022 | Sold | $540,000+575.8%$269/sqft |
Source: RMLS (OR) #22176553 Report a problem | ||
| 1/11/1996 | Sold | $79,900$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,336 +3.7% | $86,710 +3% |
| 2024 | $2,253 +4% | $84,190 +3% |
| 2023 | $2,166 +2.2% | $81,740 +3% |
| 2022 | $2,119 +1.7% | $79,360 +3% |
| 2021 | $2,083 +9% | $77,050 +3% |
| 2020 | $1,911 +3.8% | $74,810 +3% |
| 2019 | $1,841 | $72,640 +3% |
| 2018 | $1,841 +3% | $70,530 +3% |
| 2017 | $1,787 +14% | $68,480 +3% |
| 2016 | $1,568 | $66,490 +3% |
| 2015 | $1,568 +2.7% | $64,560 +3% |
| 2014 | $1,527 +3.9% | $62,680 +3% |
| 2013 | $1,469 +10.5% | $60,860 +3% |
| 2012 | $1,329 +3.9% | $59,090 +3% |
| 2011 | $1,279 +5.4% | $57,370 +3% |
| 2010 | $1,213 +2.7% | $55,700 +3% |
| 2009 | $1,182 +6% | $54,080 +3% |
| 2008 | $1,115 +0.3% | $52,510 +3% |
| 2007 | $1,112 +11.4% | $50,990 +3% |
| 2006 | $999 +4.7% | $49,510 +3% |
| 2005 | $954 -8.2% | $48,070 +3% |
| 2004 | $1,039 +2.2% | $46,670 +3% |
| 2003 | $1,016 +8.9% | $45,320 +3% |
| 2002 | $933 +7.4% | $44,000 +6.1% |
| 2000 | $869 +7.5% | $41,480 +3% |
| 1999 | $808 | $40,280 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Humboldt
Nearby schools
Schools provided by the listing agent
- Elementary: Boise-Eliot
- Middle: Harriet Tubman
- 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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