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4996 NE 26th Ave
Portland, OR 97211
4996 NE 26th Ave | New Construction Fourplex · Multifamily Property For Sale · 4 Units

Investment Highlights

  • Vacant and positioned for immediate lease up
  • Close to New Seasons, Alberta Rose Theatre, Great Notion, Pine State Biscuits, Salt & Straw, and transit
  • Vacant and positioned for immediate lease up
  • Prime Concordia location at NE Alberta & NE 26th with Walk Score 91 / Bike Score 100
  • Strong fit for portfolio expansion or owner occupant investment strategy
  • Private outdoor areas and in unit laundry in every residence

Executive Summary

New construction four unit opportunity at the corner of NE Alberta Street and NE 26th Avenue in close in Concordia. The offering includes four separately addressed, two story residences, each with two bedrooms and 2½ bathrooms. The two end units provide 1,123 square feet each, while the two interior units offer 1,029 square feet each, for a total of 4,304 rentable square feet. All four residences are vacant and ready for lease up. Each features a private entrance and an open main level connecting the kitchen, living and dining areas, with a large island providing prep space and casual seating, plus a convenient powder bathroom and useful storage. Upstairs, each unit includes two bedrooms, two full bathrooms, dedicated in unit laundry, and practical closet space. Private fenced outdoor areas create room to relax, garden, or dine outside, while wall mounted bicycle parking provides convenient dedicated storage. The end residences benefit from additional exterior exposure and windows, and the south end home offers a level entrance from the sidewalk with no exterior steps. Energy efficient heat pumps provide year round heating and cooling, while contemporary architectural details give the property a cohesive modern presence. A 2-10 Builder Warranty is provided with each home. This complete package offers a compelling opportunity for portfolio expansion, long term ownership, or an owner occupant seeking additional residences on the same property. With a Walk Score of 91 and Bike Score of 100, Pine State Biscuits, Great Notion, Salt & Straw, Alberta Rose Theatre, New Seasons Market, neighborhood galleries, local boutiques, coffee shops, transit, and the broader Alberta Arts District are within easy reach. Developed by a trusted local builder that oversees projects from design through construction, pairing quality finishes with cost conscious planning to make homeownership more attainable. Homes with purpose. Neighborhoods with promise.

Property Facts

Price Per Unit $464,975
Sale Type Investment
Cap Rate 5.43%
No. Units 4
Property Type Multifamily
Apartment Style Townhome
Lot Size 0.07 AC
Building Size 4,304 SF
Average Occupancy 0%
No. Stories 2
Year Built 2026
Zoning CM2

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Stainless Steel Appliances
  • Range
  • Double Pane Windows

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 4 $2,845 1,029 - 1,123
  • Listing ID: 41912016

  • Date on Market: 8/27/2026

  • Last Updated:

  • Address: 4996 NE 26th Ave, Portland, OR 97211

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