This 12-unit apartment building sits in the heart of the Alberta Arts District, one of NE Portland's most walkable and character-rich neighborhoods. Built in 1962, the building has been thoughtfully maintained by long-term ownership with meaningful capital improvements over the past decade.
The block itself has become one of Portland's most desirable rental corridors — anchored by Alberta Street's restaurants, coffee shops, and small businesses. Renter demand has been consistently strong, with the current owner reporting sub-30-day vacancy turnarounds.
For the right buyer, this is a rare opportunity to own a well-located inner-Portland asset with reliable in-place income and clear paths to further rent growth. Well-suited for a 1031 exchange buyer seeking a long-term hold.
| Type | Units | Avg. sq ft | Current rent | Market rent |
|---|---|---|---|---|
| 1BR/1BA | 8 | 650 | $1,200 | $1,350 |
| 2BR/1BA | 4 | 900 | $1,650 | $1,800 |
Information deemed reliable but not guaranteed. Buyer to verify all data. This offering is subject to prior sale, price change, or withdrawal without notice. Contact Tyler Gerding for current offering memorandum.