5805 NE Alberta St, Portland, OR 97218

Local realty services provided by:Better Homes and Gardens Real Estate Equinox
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5805 NE Alberta St,Portland, OR 97218
$325,000
  • 3 Beds
  • 1 Baths
  • 1,152 sq. ft.
  • Single family
  • Pending
Listed by:carlon way
Office:real estate experts
MLS#:244668248
Source:PORTLAND

Price summary

  • Price:$325,000
  • Price per sq. ft.:$282.12

About this home

An exceptional teardown/development opportunity in the heart of Cully! Sitting on a generous 9,000 sq ft R7-zoned lot, this property offers flexibility for redevelopment or extreme renovation/rebuild— including potential for a single-family home with ADUs, duplex, fourplex, cottage cluster, or up to six units with affordability bonuses (per MHLD zoning provisions). A recent feasibility/design-build report confirms multiple viable development paths, including FAR bonuses, tree and storm water allowances, and infrastructure upgrade requirements. The site is flat, well-drained, and fronts a quiet stretch of NE Alberta, eligible for LTIC in lieu of frontage construction.Whether you're a builder, developer, or future homeowner envisioning custom new construction, this is a rare canvas with real architectural and income potential. Ideal for developers or buyers with vision—whether you're building new or exploring high-effort renovation potential.* Feasibility Report Available to purchaser*

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Home facts

  • Year built:1942
  • Listing Id #:244668248
  • Added:77 day(s) ago
  • Updated:August 14, 2025 at 07:17 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:1
  • Full bathrooms:1
  • Living area:1,152 sq. ft.

Heating and cooling

  • Heating:Wood Stove

Structure and exterior

  • Roof:Composition
  • Year built:1942
  • Building area:1,152 sq. ft.
  • Lot area:0.21 Acres

Schools

  • High school:Leodis McDaniel
  • Middle school:Beaumont
  • Elementary school:Rigler

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$282.12
  • Tax amount:$3,803 (2024)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: August 14, 2025

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