About 4836 N Albina Ave
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.
Features of 4836 N Albina Ave
| MLS® # | 309804710 |
|---|---|
| Price | $582,900 |
| Bedrooms | 3 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 2,009 |
| Acres | 0.12 |
| Year Built | 1908 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Bungalow |
| Status | Active |
Community Information
| Address | 4836 N Albina Ave |
|---|---|
| Area | 141 - Portland North |
| Subdivision | MISSISSIPPI AVE |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97217 |
Amenities
| Parking | Driveway, On Street |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-in Range, Cooktop, Dishwasher, ENERGY STAR Qualified Appliances, Free-Standing Refrigerator, Granite, Solid Surface Countertop, Stainless Steel Appliance(s) |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Full Basement, Unfinished |
Exterior
| Exterior | Lap Siding |
|---|---|
| Lot Description | Corner Lot |
| Roof | Composition |
| Foundation | Concrete Perimeter |
School Information
| Elementary | Boise-Eliot |
|---|---|
| Middle | Harriet Tubman |
| High | Jefferson |
Additional Information
| Date Listed | June 28th, 2026 |
|---|---|
| Days on Market | 85 |
| Zoning | RM2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Premiere Property Group, LLC |
|---|