5255 NE 24TH AVE, Portland, OR 97211
CONCORDIA / ALBERTA · Multnomah County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1914
Stories
2
Living Area
1,508 sq ft
Lot Size
0.12 acres
Zoning
R2.5
MLS® Listing#
119718648
Property Features
Parking
Schools
- Elementary:
- Vernon
- Middle:
- Vernon
- High:
- Jefferson
Financial Details
HOA
None
Annual Taxes
$2,384
Tax year 2025
Parcel Number
R294970
Directions
Alberta to North on 24th Ave.
Affordability Calculator
$99,800
Estimated monthly payment
$2,656/mo
Principal $399,200 · Est. interest $556,920 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Portland, OR
- $507,009
- Median Listing Price
- 173
- Median Days on Market
- 1,572
- Median Sq Ft
- $327
- Median Price / Sq Ft
- 2,279
- Active Listings
- This home’s price is 2% below the area median.
- Its price per sq ft is 1% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Portland, OR.
Location
Points of Interest in Portland, OR
Showing the Portland area map.
Nearby Schools
Vernon Elementary School
Elementary · 0.2 mi away
Hummingbird Preschool
School · 0.3 mi away
Albina Head Start
School · 0.4 mi away
Young Wonders Preschool
School · 0.5 mi away
Firefly Montessori
Elementary · 0.7 mi away
Sabin Elementary School
Elementary · 0.7 mi away
Faubion Elementary School
Elementary · 0.7 mi away
St Andrew Nativity School
Secondary · 0.8 mi away
Childroots
School · 0.9 mi away
Schools Public
Secondary · 0.9 mi away
King Elementary School
Elementary · 0.9 mi away
Alameda Elementary School
Elementary · 0.9 mi away
Alliance High School
Secondary · 0.9 mi away
Madeleine Parish
School · 1.1 mi away
de La Salle North Catholic High School
Secondary · 1.1 mi away
Montessori of Alameda
Elementary · 1.1 mi away
Albina Head Start
Elementary · 1.1 mi away
Woodlawn K-5 School
Elementary · 1.1 mi away
Peace Tree School
School · 1.1 mi away
Beaumont Middle School
Secondary · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8350 N Bank ST, Portland, OR | $349,900 | 2 | 3 | 868 |
| 3272 SE 115th AVE, Portland, OR | $349,900 | 3 | 3 | 970 |
| 10538 SE HOLGATE BLVD, Portland, OR | $349,900 | 3 | 3 | 1,442 |
| 8330 N Bank ST, Portland, OR | $349,900 | 2 | 3 | 882 |
| 4264 SE 37th AVE 4, Portland, OR | $349,900 | 2 | 3 | 836 |
| 4368 NE Going ST, Portland, OR | $349,900 | 2 | 3 | 835 |
Moving Cost Estimate
EXIT Agents in Portland
Listing Courtesy: JMG - Jason Mitchell Group - 5417917946
Presented by: Tony Apa
Last Updated: 2026-03-21