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.
| MLS # | 251497797 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2025 |
| Days On Site | 409 |
| Listing Provided By | Keller Williams Realty Portland Premiere | Darryl Bodle |
| SQ Feet | 22,241 |
|---|---|
| Story(s) | 4 |
| Units | 34 |
| Zoning | CM2 |
| Acreage | 0.17 |
| Property View | TreesWoods |
| Heating | Mini Split |
|---|---|
| Heating Yn | Yes |
| Cooling | Heat Pump |
| Cooling Yn | Yes |
| Roof | Flat |
|---|---|
| Lot Features | Corner Lot |
| Attached Garage Yn | No |
|---|
| Property | 12888 |
|---|
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97211 |
| Community Name | CONCORDIA |
| School District | Jefferson |
| Elementary School | Vernon |
| High School | Jefferson |
| Listing VS Median (in CONCORDIA) | |
Price: $9,499,900 low | high Med: $625,000 sqft: 22,241 low | high Med: 2,096 $ / sqft: $427 low | high Med: $298 On site: 409 low | high Med: 35 | |
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97211 |
| Community Name | CONCORDIA |
| School District | Jefferson |
| Elementary School | Vernon |
| High School | Jefferson |
| Listing VS Median (in CONCORDIA) | |
Price: $9,499,900 low | high Med: $625,000 sqft: 22,241 low | high Med: 2,096 $ / sqft: $427 low | high Med: $298 On site: 409 low | high Med: 35 | |