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32-Unit Apartment Building with Retail
For Sale
$9,599,900

2465 NE ALBERTA ST, Portland, OR 97211

New construction includes studio through two-bedroom homes, elevator access, and an outdoor common area.

Property SizeContact for details
Days on Market47

Property Features for 2465 NE ALBERTA ST

General Information

Standard status Active
Elevators Yes
Property subtype Multi Family
Zoning CM2
Net Operating Income $553,593

Additional Details

Multifamily Units 32

Taxes and HOA fees

Annual Taxes $12,888

Amenities

outdoor common area

Building Details

Year Built 2025
Buildings 1
Stories 4
Listing Agency:
Listed By: Total Real Estate Group
Source: Total-property.idxbroker
Added: Jul 13 Changed: Aug 28 Last Checked: Aug 25 at 8:17AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Total Real Estate Group

Investment Insights

Based on property information with market context.

Completed in 2025, this CM2-zoned apartment building contains 32 residential units along with 2 retail spaces. The unit mix spans studios through two-bedroom layouts, with contemporary interiors and a modern exterior. Elevator service and an outdoor common area add shared amenities for residents and visitors.

The property is located at 2465 NE Alberta St in Portland’s Alberta Arts neighborhood, near Pine State Biscuits, Gumba, Great Notion, art galleries, shops, and restaurants. The surrounding district is described as walkable and bike-friendly, with access to local cultural and dining destinations. The combination of apartments and retail creates a mixed-use configuration within an established neighborhood setting.

Key Highlights

  • 32‑unit apartment building completed in 2025
  • 2 retail spaces included within the property
  • Unit mix ranges from studios to two‑bedroom apartments

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Pharmacy Bakery (Bike/Boat/Book/etc) Store Computer & Electronic Repair Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

32
Residential units

Location Intelligence

Trade Area within ½ mile

641
Businesses Nearby

Demographics for 97211, OR

33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction includes studio through two-bedroom homes, elevator access, and an outdoor common area.
Where is this apartment building located?
The property is located at 2465 NE ALBERTA ST Portland, OR.
What is the asking price?
The asking price for this property is $9,599,900.
What are key features of this property?
This property features: 32‑unit apartment building completed in 2025; 2 retail spaces included within the property; Unit mix ranges from studios to two‑bedroom apartments
More about this property
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