4836 N Albina Ave, Portland, OR 97217
Local realty services provided by:CENTURY 21 Agate Realty
Listed by: dustin funes
Office: premiere property group, llc.503-670-9000
MLS#:309804710
Source:PORTLAND
Price summary
- Price:$584,900
- Price per sq. ft.:$291.14
About this home
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....
Contact an agent
Home facts
- Year built:1908
- Subdivision & Development:MISSISSIPPI AVE
- Listing ID #:309804710
- Added:72 day(s) ago
- Updated:September 09, 2026 at 11:45 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Built In Range, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free Standing Refrigerator, Granite, Stainless Steel Appliance
- Basement Description:Full Basement, Unfinished
- Living area:2,009 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1908
- Building area:2,009 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Corner Lot
- Architectural Style:Bungalow
- Foundation Description:Concrete Perimeter
- Levels:3 Stories
Schools
- High school:Jefferson
- Middle school:Harriet Tubman
- Elementary school:Boise-Eliot
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$584,900
- Price per sq. ft.:$291.14
- Tax amount:$2,336 (2025)
Parking
- Parking description:Driveway, On street
New listings near 4836 N Albina Ave
- New
$385,000Active3 beds 3 baths1,467 sq. ft.2723 N Houghton St, Portland, OR 97217
MLS# 671352209Listed by: KELLER WILLIAMS PDX CENTRAL - New
$989,000Active3 beds 2 baths1,889 sq. ft.3753 SW Lyle Ct, Portland, OR 97221
MLS# 764018331Listed by: PREMIERE PROPERTY GROUP, LLC - New
$292,000Active1 beds 1 baths637 sq. ft.315 NW Uptown Ter #A1, Portland, OR 97210
MLS# 202724002Listed by: NEIGHBORS REALTY - New
$590,000Active3 beds 3 baths2,286 sq. ft.3611 SW Condor Ave, Portland, OR 97239
MLS# 440613112Listed by: REDFIN
$1,495,000Active4 beds 4 baths4,535 sq. ft.1784 SW Montgomery Dr, Portland, OR 97201
MLS# 587009459Listed by: WHERE, INC- Open Sat, 11am to 1pmNew
$799,000Active5 beds 3 baths2,799 sq. ft.12225 SW Kelly Ln, Portland, OR 97223
MLS# 639766897Listed by: KELLER WILLIAMS REALTY PROFESSIONALS - Open Thu, 4 to 6pmNew
$899,900Active5 beds 4 baths3,674 sq. ft.6325 NE 7th Ave, Portland, OR 97211
MLS# 348304770Listed by: JOHN L. SCOTT PORTLAND CENTRAL - Open Sun, 12 to 2pmNew
$1,269,950Active4 beds 3 baths4,379 sq. ft.4842 NE 25th Ave, Portland, OR 97211
MLS# 613864043Listed by: WINDERMERE REALTY TRUST - New
$2,689,000Active6 beds 7 baths5,233 sq. ft.2719 SW Talbot Rd, Portland, OR 97201
MLS# 794629047Listed by: CASCADE HASSON SOTHEBY'S INTERNATIONAL REALTY
Active0.12 Acres8946 E Nw Mills St, Portland, OR 97231
MLS# 252314271Listed by: KELLER WILLIAMS PDX CENTRAL