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About the Listing REEX01 - WAYCARLO
An exceptional teardown/development opportunity in the heart of Cully! Sitting on a generous 9,000 sq ft R7-zoned lot, this property offers flexibility for redevelopment or extreme renovation/rebuild— including potential for a single-family home with ADUs, duplex, fourplex, cottage cluster, or up to six units with affordability bonuses (per MHLD zoning provisions). A recent feasibility/design-build report confirms multiple viable development paths, including FAR bonuses, tree and storm water allowances, and infrastructure upgrade requirements. The site is flat, well-drained, and fronts a quiet stretch of NE Alberta, eligible for LTIC in lieu of frontage construction.Whether you're a builder, developer, or future homeowner envisioning custom new construction, this is a rare canvas with real architectural and income potential. Ideal for developers or buyers with vision—whether you're building new or exploring high-effort renovation potential.* Feasibility Report Available to purchaser* Multiple unit types permitted (SFR, ADU, Four-Sixplex, Cottage Cluster)* Affordable housing incentives & SDC exemptions* Lot is 50’ wide by 180’ deep lot (9,000 sf) | Zoned R7* Gross Development Value: up to ~$2,000,000 (six plex) * Existing structures on the property...* 1,152 sf single story SFR with no basement, built in 1942* 80 sf shed and 240 sf detached garage. City of Portland email info on property available.
Listing Highlights for 5805 NE Alberta St
Status
Pending
Days on Site
101
Property Type
Residential
MLS ®
244668248
Year Built
1942
Total Square Footage
1,152
Lot/Acreage
0.21
Interior Details
- Bedrooms: 3
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Wood Stove
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: Master on Main
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: 1 car
- Parking Spaces: 1
- Lot Dimensions: 50 X 180
- Roof: Composition
- Others: Fixer
- Sewer: Public Sewer
- Parking Features: Detached,Driveway,On Street
Financial Details
- Tax Amount: $3,803
- Taxes w/Assessments: N/A
- Tax/Property ID: R250165
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
5805 NE Alberta St Portland, OR 97218
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