5255 Ne 24TH Ave, Portland, OR 97211

• 2 beds |
• 1 bath |
• 1,508 sqft

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.

Listing Status:

Active

Date Added:

March 21, 2026

Data Last Updated:

April 5, 2026 at 3:43PM

Listing Office:

JMG - Jason Mitchell Group : 541-791-7946

Listing Agent:

Tony Apa : 503-806-9773

MLS ID:

119718648

Interior

• General: Hardwood floors
• Appliances: DishwasherFree standing rangeFree standing refrigerator
• Basement: Full basementUnfinished
• A/C: None
• Heating: Forced air
• Fireplace: Fireplaces: 0

Exterior

• General: AluminumLap sidingCovered deckPorchYard
• Style: Stories 2Bungalow
• Parking: On streetParking padParking spaces: 0

Construction

• Roofing: Composition
• Windows: AluminumFrames
• General: Concrete perimeterSlabStem wall

Location

• Road/Access: ConcretePaved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R2.5VERNONBLOCK 12LOT 14R294970

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.