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2465 NE Alberta St
Portland, OR 97211
Ellana on Alberta · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- PRIME Alberta Arts location
- Desirable unit mix
- Two retail spaces
EXECUTIVE SUMMARY
ntroducing a rare chance to own a newly constructed 32-unit apartment building with 2 retail spaces in one of Portland’s most vibrant and walkable neighborhoods—Alberta Arts. This premier asset blends modern design, long-term durability, and wide-ranging rental appeal, making it a turnkey opportunity for seasoned investors or those looking to grow their portfolio. The building offers a desirable unit mix, from efficient studios to spacious two-bedrooms, each thoughtfully designed with stylish, contemporary interiors. A sleek modern exterior, elevator access, and a welcoming outdoor common area enhance both tenant satisfaction and curb appeal. Located steps from local favorites like Pine State Biscuits, Gumba, Great Notion, and a wide array of art galleries, shops, and eateries, this property sits at the epicenter of culture and convenience. With a strong Walk Score and bike-friendly streets, it's perfect for tenants seeking a connected, car-free lifestyle. Don’t miss the opportunity to secure a top-tier multifamily asset in the iconic Alberta Arts District.
PROPERTY FACTS
| Price Per Unit | $434,040 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 5.56% | Construction Status | Under Construction |
| No. Units | 32 | Building Size | 22,241 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Mid-Rise | ||
| Zoning | CM2 | ||
| Price Per Unit | $434,040 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Construction Status | Under Construction |
| Building Size | 22,241 SF |
| No. Stories | 4 |
| Year Built | 2026 |
| Zoning | CM2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- On-Site Retail
- Elevator
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | $2,233 CAD | 325 - 789 |
PROPERTY TAXES
| Parcel Number | R186528 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $696,504 CAD |
PROPERTY TAXES
Parcel Number
R186528
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$696,504 CAD
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