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    1535 N Alberta St Portland, OR 97217

    New
    For Sale
    $3,400,000

    MULTI_FAMILY - Portland, OR

    Property size:
    10,606 SF
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 1535 N Alberta St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CM3
    Rooms
    Bedroom 3, Bathroom 8, Bathroom 7, Bedroom 4, Bedroom 5, Bathroom 9, Bathroom 5, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 10
    Bedrooms
    5
    APN
    R257270
    Size
    10,606 SF

    Utilities

    Heating system
    Zoned

    Building Details

    Year built
    2023
    Floors in Building
    3
    Number of units
    16
    Roof type
    Flat

    Keller Williams Realty Portland Premiere (503) 880-4905 [email protected]

    Listing agent Darryl Bodle (503) 597-2444

    Listing date Dec 3, 2025

    MLS# 24127293 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern 16-Unit Apartment Complex

    This is a modern, new construction 16-unit apartment complex constructed by a local builder. The property features a mix of six studio units and ten one-bedroom units. It includes two generously sized common rooms equipped with a kitchenette, electric fireplace, and extensive windows. Each unit is expertly crafted with expansive ceilings and an open concept floor plan, providing an abundance of natural light, designer finishes, sleek custom cabinetry, stainless steel appliances, and in-unit washer and dryer. A bike room is among the quality amenities. The property is located in the heart of the popular Overlook Neighborhood, with proximity to Interstates, restaurants, shops, parks, and transit. The property has a 99 Bike Score.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.683061
    Latitude
    45.559314

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    FAQs

    What type of property is this?
    Apartment building - New construction apartment complex in the Overlook Neighborhood.
    Where is this apartment building located?
    The property is located at 1535 N Alberta St Portland, OR.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - New construction 16-unit apartment complex (2023).; - Features a mix of studio and 1-bedroom units.; - Prime location in the Overlook Neighborhood, near restaurants, shops, parks, and transit.
    (503) 597-2444
    Request Owner's contact information
    1535 N Alberta St Portland, OR 97217
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    Portland, OR 97217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1535 N Alberta St Portland, OR 97217
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