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Listed by JMG - Jason Mitchell Group
$ 499,000
Est. payment /mo
Active
5255 NE 24TH AVE Portland, OR 97211
2 Beds
1 Bath
1,508 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,508 sqft
Price per Sqft $330
Subdivision Concordia / Alberta
MLS Listing ID 119718648
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1914
Annual Tax Amount $2,384
Tax Year 2025
Lot Size 5,227 Sqft
Property Sub-Type Single Family Residence
Property Description
Rare opportunity to own a piece of Portland history in the heart of the coveted Concordia/Alberta neighborhood. This classic 1914 bungalow sits on a 5,000+ sq ft lot zoned R2.5 - one of Portland's most flexible residential designations - unlocking serious investment and development potential for the right buyer.With 1,508 sq ft spread across two levels plus a full unfinished basement, the bones here are exceptional: original hardwood floors, a wide covered front porch with classic columns, and charming dormered upper rooms full of character. The spacious backyard completes a canvas that is ready to be reimagined.Yes, this is a fixer - and that's the opportunity. Whether your vision is a fully restored craftsman showpiece, a modern remodel, or a multi-unit income property, the zoning supports it all.R2.5 zoning allows for detached houses, duplexes, triplexes, fourplexes, rowhouses, cottage clusters, and up to two ADUs on a site with a primary dwelling - making this lot a genuine value-add play in one of Portland's most walkable, transit-rich corridors. Stroll to the Alberta Arts District, NE Killingsworth restaurants and shops, or hop on nearby bus lines connecting you to the whole city.Priced to move - bring your contractor and your vision.
Location
State OR
County Multnomah
Area _142
Zoning R2.5
Exterior
Parking Features Detached
Garage Yes
Building
Story 2
Level or Stories 2
Schools
Elementary Schools Vernon
Middle Schools Vernon
High Schools Jefferson
Others
Senior Community No
