4785 Albina Ave Portland, OR 97217
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 4785 Albina Ave
- Year built
- 2024
- Property size
- 5,520 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a brand-new, six-unit apartment building located at 4785 N Albina Ave, Portland, Oregon, 97217. Completed in 2024, this Class A property boasts 5,520 square feet of net rentable space, situated on a 5,000 square foot lot. The building features three stories and is zoned RM2 - Residential Multi-Dwelling 2. Each of the six units offers two bedrooms and two bathrooms, showcasing condo-grade finishes including high ceilings, quartz countertops, and private exterior patios or decks. All units are currently in the lease-up phase, promising immediate income generation. The asking price is $2,595,000, translating to $432,500 per unit and $470.11 per square foot. This low-maintenance asset is located in a highly desirable Portland neighborhood, offering a compelling investment opportunity with a projected 5.52% capitalization rate. The property's abundant natural light and modern design elements contribute to its high appeal and potential for strong rental income. This is a rare chance to acquire a newly constructed, high-quality multifamily property in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.675
- Latitude
- 45.5578
