Thomas Hrabal

4836 N Albina Ave

Portland, OR
$ 582,900 Beds 3 Baths 1 Sq 2,009 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 582,900
  • City
  • Portland
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • MULTNOMAH
  • Half Bathrooms
  • 0
  • Area
  • 141
  • Lot Size
  • 0.12 Acres
  • Zip
  • 97217
  • Sqr Footage
  • 2,009
  • Year Built
  • 1908
  • Taxes
  • $ 2336
  • Style
  • Bungalow
  • MLS#
  • 309804710
Listed By: Premiere Property Group, LLC -
Data Source: Regional Multiple Listing Service (RMLSOR)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hillsboro, OR office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Boise-Eliot Elementary School
Middle School Harriet Tubman Middle School
High School Jefferson High School

Price History

6/29/2026 Listed $589,900
8/11/2026 1% - $584,900
9/13/2026 1% - $582,900

Property vs Zip Code Average in 97217

Price
AVG $540K
$580K
Taxes
AVG $5,377
$2,336
Year Built
AVG 1951
1908
Visits
AVG 152
224
Data Provided by Inside Real Estate®

Areas That We Cover

4836 N Albina Ave Portland, OR is a Single Family Home for sale at $582900 with 2009 sqft and a lot size of 0.12 Acres Acre(s). 4836 N Albina Ave Portland has 3 bedrooms, 1 baths and was built in 1908. The property's zip code is 97217 which is in Portland, OR

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Thomas Hrabal

Thomas Hrabal

Real Estate Broker

971-400-3829

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