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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 9,949,900
Est. payment | /mo
22,241 SqFt
$ 9,949,900
Est. payment | /mo
22,241 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 22,241 sqft
Price per Sqft $447
Subdivision Concordia
MLS Listing ID 251497797
Year Built 2025
Annual Tax Amount $12,888
Tax Year 2024
Lot Size 7,405 Sqft
Property Description
Introducing a rare chance to own a newly constructed 32-unit apartment building with 2 retail spaces in one of Portland's most vibrant and walkable neighborhoods—Alberta Arts. This premier asset blends modern design, long-term durability, and wide-ranging rental appeal, making it a turnkey opportunity for seasoned investors or those looking to grow their portfolio. The building offers a desirable unit mix, from efficient studios to spacious two-bedrooms, each thoughtfully designed with stylish, contemporary interiors. A sleek modern exterior, elevator access, and a welcoming outdoor common area enhance both tenant satisfaction and curb appeal. Located steps from local favorites like Pine State Biscuits, Gumba, Great Notion, and a wide array of art galleries, shops, and eateries, this property sits at the epicenter of culture and convenience. With a strong Walk Score and bike-friendly streets, it's perfect for tenants seeking a connected, car-free lifestyle. Don't miss the opportunity to secure a top-tier multifamily asset in the iconic Alberta Arts District.
Location
State OR
County Multnomah
Community Commons
Area _142
Zoning CM2
Interior
Heating Mini Split
Cooling Heat Pump
Exterior
Community Features Commons
View Trees Woods
Roof Type Flat
Garage No
Building
Lot Description Corner Lot
Story 4
Sewer Public Sewer
Water Public Water
Level or Stories 4
Schools
Elementary Schools Vernon
Middle Schools Vernon
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Jesse Morgen
Owner, REALTOR® | Lic# 93823