5805 NE ALBERTA ST Pending Save Request In-Person Tour Request Virtual Tour
Portland,OR 97218
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 1,152 sqft
Price per Sqft $282
MLS Listing ID 244668248
Style Stories1
Bedrooms 3
Full Baths 1
Year Built 1942
Annual Tax Amount $3,802
Tax Year 2024
Lot Size 9,147 Sqft
Property Sub-Type Single Family Residence
Property Description
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.
Location
State OR
County Multnomah
Area _142
Rooms
Basement Crawl Space
Interior
Heating None, Wood Stove
Exterior
Parking Features Detached
Garage Spaces 1.0
Roof Type Composition
Accessibility OneLevel
Garage Yes
Building
Lot Description Level
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Rigler
Middle Schools Beaumont
High Schools Leodis Mcdaniel
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash