Mixed-Use Portfolio with
For Sale
$15,949,700
2425 NE Alberta St, Portland, OR 97211
MultiFamily, Portland, OR
Property Size35,904 SF
Lot Size0.40 Acres
Price / SF$444.23
Days on Market435
Property Features for 2425 NE Alberta St
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
See OM
Bedrooms
7
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 3, Bathroom 9, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 4, Bedroom 6, Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 7, Bedroom 1, Bathroom 8, Bathroom 10, Bedroom 2
View
City
Elementary school
Vernon
Middle school
Vernon
High school
Jefferson
Directions
Contact LA/CoLA
Subdivision
_142
Standard status
Active
APN
New Construction
Size
35,904 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Description
INA PK BLK 11 LTS 11-12 EXC PT IN ST/ALLEY; MELROSE S50' E107' LT13 EXC PT ST; CARUTHERS ADD BLK161 LT3
Tax Annual Amount
240282
Legal Description
INA PK BLK 11 LTS 11-12 EXC PT IN ST/ALLEY; MELROSE S50' E107' LT13 EXC PT ST; CARUTHERS ADD BLK161 LT3
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Heat Pump
Building Details
Year built
2025
Number of units
68
Roof type
Metal, Flat, Composition
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Darryl Bodle · License #199910100
(503) 709-4632
Added: Aug 8, 2025
Changed: Oct 16
Last Checked: Oct 16 at 6:06PM
MLS# 792913119
Copyright © 2026 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Portland portfolio brings together three newer-construction properties with 68 doors across apartment and retail space. The buildings were constructed in 2024 and 2025 and are located in Alberta Arts District, North Tabor, and South Waterfront.
The Alberta Arts District property accounts for 34 doors, while North Tabor has 16 apartments and South Waterfront has 18 apartments. The collection spans three distinct Portland neighborhoods.
The Alberta Arts District property accounts for 34 doors, while North Tabor has 16 apartments and South Waterfront has 18 apartments. The collection spans three distinct Portland neighborhoods.
Key Highlights
- 68 doors across three properties
- Includes apartments and retail space
- 34 doors in Alberta Arts District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$484,704
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,694,080
$9.7M
Cap Rate 7%
$6,924,343
$6.9M
Cap Rate 9%
$5,385,600
$5.4M
Market Conditions
NOI Build-Up for 35,904 SF
Gross rent
$861.7K $24.00/SF
− Vacancy
−$86.2K −$2.40/SF
EGI
$775.5K $21.60/SF
− OpEx
−$290.8K −$8.10/SF
NOI
$484.7K $13.50/SF
Area
Portland, OR
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,694,080
Cap Rate 7%
$6,924,343
Cap Rate 9%
$5,385,600
Alternative Uses
Best Use
Mixed Use
$6.92M
$6.06M – $8.08M
NOI $484,704 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$6.59M
$5.76M – $7.68M
NOI $461,006 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$10.08M
$8.82M – $11.76M
NOI $705,791 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
68
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three Portland properties combine apartment units and retail space, with construction dates spanning 2024 and 2025.
Where is this mixed-use property located?
The property is located at 2425 NE Alberta St Portland, OR.
What is the asking price?
The asking price for this property is $15,949,700.
What are key features of this property?
This property features: 68 doors across three properties; Includes apartments and retail space; 34 doors in Alberta Arts District
