5805 NE Alberta St
Portland, OR 97218
Map
- 3 beds
- 1 bath
- 1,152 sqft
- 9,147 sqft lot
- $282 per sqft
- 1942 build
- – on site
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* Multiple unit types permitted (SFR, ADU, Four-Sixplex, Cottage Cluster)* Affordable housing incentives & SDC exemptions* Lot is 50’ wide by 180’ deep lot (9,000 sf) | Zoned R7* Gross Development Value: up to ~$2,000,000 (six plex) * Existing structures on the property...* 1,152 sf single story SFR with no basement, built in 1942* 80 sf shed and 240 sf detached garage. City of Portland email info on property available.
Last checked:
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Checking…
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Last updated Jun 2, 2025
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MLS# 244668248 —
The Building
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Year Built:1942
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New Construction:false
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Architectural Style:Stories1
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Roof:Composition
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Stories:1
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Basement:CrawlSpace
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Foundation Details:ConcretePerimeter
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Exterior Description:WoodSiding
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Window Features:WoodFrames
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Accessibility:true
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Accessibility Features:OneLevel
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Building Area Description:County
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Building Area Total:1152.0
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Building Area Calculated:1152
Room Dimensions
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Main Level Area Total:1152
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
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Home Warranty:false
Location
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Directions:NE Alberta St between NE 57th and 60th
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Latitude:45.559445
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Longitude:-122.603019
The Property
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Parcel Number:R250165
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Condition:Fixer
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Lot Features:Level
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Lot Size Range:SqFt7000to9999
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Lot Size Acres:0.21
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Lot Size SqFt:9147.0
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Lot Size Dimensions:50 X 180
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View:false
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (503) 502-3219
- Office phone:
- (503) 502-3219
Taxes
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Tax Year:2024
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Tax Legal Description:PRIMROSE PK, BLOCK 3, LOT 21
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Tax Annual Amount:3802.99
Beds
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Bedrooms Total:3
Baths
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Total Baths:1
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Full Baths:1
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Total Baths:1.0
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Total Baths Main Level:1.0
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Full Baths Main Level:1
Heating & Cooling
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Heating:None, WoodStove
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Heating:true
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Cooling:false
Utilities
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Sewer:PublicSewer
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Hot Water Description:Gas
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Water Source:PublicWater
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Fuel Description:Other
Schools
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Elementary School:Rigler
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Middle Or Junior School:Beaumont
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High School:Leodis McDaniel
The Community
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Senior Community:false
Parking
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Attached Garage:false
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Garage Type:Detached
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Garage Spaces:1.0
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Parking Total:1.0
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Parking Features:Driveway, OnStreet
Monthly cost estimate
Asking price
$325,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,740
|
| Taxes | $316 |
| Insurance | $89 |
| Utilities | $135 See report |
| Total | $2,280/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/1/25
Jun 1, 2025
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Pending | RMLS | $325,000 | |
|
5/28/25
May 28, 2025
|
Listed / Active | RMLS | $325,000 |
39% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $15k above asking price on average, but some went as high as $100k over asking price.
