- ADDRESS:
- 5255 NE 24TH AVE Portland, OR 97211
- VIDEOS:
- Print this Listing
- Price:
- $499,000
- Beds:
- 2
- Baths:
- 1.0
- Ft²:
- 1508
- Acres:
- 0.12
- MLS#:
- 119718648
- Lot Size:
- 5,000 to 6,999 SqFt
- Type:
- Detachd
- Zone:
- R2.5
- County:
- Multnomah
- Style:
- 2 Stories
- Yr Built:
- 1914
- Status:
- Active
- Levels:
- 2
- Garage:
- Detached
- Nhood/Bldg:
- CONCORDIA / ALBERTA
- Heat:
- Forced Air
- Roof:
- Composition
- Elem:
- Vernon
- Middle:
- Vernon
- High:
- Jefferson
- Lot Desc:
- Level, Terraced
- Area:
- Portland Northeast
- Exterior:
- Covered Deck, Porch, Yard
- Courtesy of:
- JMG - Jason Mitchell Group
- Remarks:
- 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.