4836 N ALBINA AVE, Portland, OR 97217
- $584,900
- 3
- BD
- 1
- BA
- 2,009
- SqFt
- List Price
- $584,900
- Price Change
- ▼ $5,000 1786429263
- Days on Market
- 73
- Status
- ACTIVE
- MLS#
- 309804710
- Bedrooms
- 3
- Bathrooms
- 1
- Living Area
- 2,009
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Portland North
Property Description
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.
/u.realgeeks.media/makeportlandhome/Adobe_Express_-_file.png)
Additional Information
- Tax Amount
- $2,336
- Year Built
- 1908
- High School
- Jefferson
- Elementary School
- Boise-Eliot
- Middle School
- Harriet Tubman
- Acres
- 0.12
- Living Area
- 2,009
- Stories
- 3
- Subdivision
- MISSISSIPPI AVE
- Property Type
- Single Family Residence
- Terms
- Cash, Conventional, FHA, VA Loan
- Master Bedroom Level
- Main
- Cooling Description
- None
- Fuel Description
- Electricity, Gas
- Heating Description
- Forced Air
- Hot Water Description
- Gas
- Exterior Description
- Lap Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Style
- Bungalow
- Parking
- Driveway, On Street
- Parking Description
- Driveway, On Street
- Road Surface
- Paved
- Kitchen Appliances
- Built-in Range, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Granite, Solid Surface Countertop, Stainless Steel Appliance(s)
Mortgage Calculator
Listing courtesy of Premiere Property Group, LLC.
The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.