Price Reduction - Primary on Main
Address
4836 N Albina Ave, Portland, OR
Price
$ 582,900
Property Attributes
- MLS#309804710
- TypeSingle Family
- Listing Status Active
- CountyMULTNOMAH
- CityPortland
- Area141
- NeighborhoodMISSISSIPPI AVE
- Zip97217
- StyleBungalow
- Year Built1908
- Taxes$ 2336
- Price$ 582,900
- Bedrooms3
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage2009
- Lot Size0.12 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Boise-Eliot Elementary School | Harriet Tubman Middle School | Jefferson High School |
| Price History | |
|---|---|
| 6/29/2026 | Listed $589,900 |
| 8/11/2026 | 1$584,900 |
| 9/13/2026 | 1$582,900 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | ForcedAir |
| Cooling | None |
| Roof | Composition |
| Appliances | BuiltinRange,Cooktop,Dishwasher,ENERGYSTARQualifiedAppliances,FreeStandingRefrigerator,Granite,SolidSurfaceCountertop,StainlessSteelAppliance |
| Zoning | RM2 |
| Architectural Style | Bungalow |
| Year Built | 1908 |
| Stories Count | 3 |
| Property Subtype | SingleFamilyResidence |
| Tax Year | 2025 |
| Parcel Number | R135634 |
| County | Multnomah |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | MISSISSIPPI AVE |
| Full Baths | 1 |
| Status | Active |
| Directions | Corner of N Albina and N Humboldt |
| High School | Jefferson |
| City | Portland |
| Disclosures | Disclosure |
| MLS Area | _141 |
| Lot Size Square Feet | 5227.0 |
| Listing Terms | Cash,Conventional,FHA,VALoan |
| Elementary School | Boise-Eliot |
| Tax Annual Amount | 2336.39 |
| Middle/Junior High School | Harriet Tubman |
| Property Condition | Resale |
| Virtual Tour | https://www.zillow.com/view-imx/403b555c-d10b-4247-99fa-af7433d7191d?wl=true&setAttribution=mls&initialViewType=pano |
| Standard Status | Active |
| Accessory Dwelling Unit Y/N | No |
| Legal Description | CLIFFORD ADD,BLOCK 12,LOT 4 |
| SeniorCommunityYn | False |
| ADU | False |
Interior Features
| Basement | FullBasement,Unfinished |
|---|---|
| Hot Water | Gas |
| Total Bathrooms | 1.0 |
| FuelDescription | Electricity,Gas |
| Total Bedrooms | 3 |
| Total Baths | 1 |
Exterior Features
| Parking Features | Driveway,OnStreet |
|---|---|
| Lot Features | CornerLot |
| Water Source | PublicWater |
| Exterior Description | LapSiding |
| Foundation Details | ConcretePerimeter |
| Building Area Total | 2009.0 |
| Lot Size Acres | 0.12 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 97217
Price
Taxes
Year Built
Visits
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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLSTM of Portland, Oregon. Real estate listings held by brokerage firms other than Portland are marked with the RMLSTM logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLSTM, Portland, Oregon.
This content last updated on September 14, 2026 6:06 AM UTC at 4 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Southern Oregon Multiple Listing Service All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
