NEW! Buy and sell safely with virtual options - Learn More
About the Listing PPGR03 - FUNESDUS
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.
Listing Highlights
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances: Built-in Range, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Granite, SolidSurfaceCountertop, Stainless Steel Appliance(s)
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full Basement,Unfinished
- Other: Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: RM2
- Roof: Composition
- Others: Resale
- Sewer: Public Sewer
- Parking Features: Driveway,On Street
Financial Details
- Tax Amount: $2,336
- Taxes w/Assessments: N/A
- Tax/Property ID: R135634
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
4836 N Albina Ave Portland, OR 97217
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
