Recently Listed New ConstructionOpen House 4/26 10am - 2pm
5432 NE 32ND AVE
Portland, OR, 97211 $ 1,575,000
Bedrooms3 Baths2.1 Sq 2,134 Monthly Estimate*
$ 9,698
for $1,575,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,134 square foot townhouse was built in 2026 on a lot size of 0.06.
A rare opportunity to own a bespoke work of architecture nestled in the Alberta Arts district. Conceived and meticulously resolved by architect Mark Holmquist—raised in Germany and Portland, Harvard-trained, and a former associate partner at Foster + Partners (of Apple Park fame)—this modern-day Gesamtkunstwerk was recently selected for the AIA Portland Homes Tour and AIASF Design Awards. As if carved from a single block of cedar, the faceted pair of townhouses are made distinct through a series of geometric sleights of hand. Slipping one past the other, an unorthodox offset creates two reciprocal, lushly planted outdoor ‘rooms’. A thickened party wall—expressed as a notch where the buildings lightly touch—conceals plentiful built-in storage, a critical acoustic decoupling, and allows for an unusually generous south-facing window wall. Upper decks, like the hollows of a tree, offer territorial views shrouded from the sidewalk below. The cascading steps of the front porch, paired with a dramatically cantilevered soffit above, welcome visitors in—a nod to Portland’s bungalow vernacular. At the foyer, this compression gives way to the first glimpse of a gossamer stair, suspended from the roof above and threading all three levels in a continuous volume washed in light. Living, dining, and kitchen occupy the main split-level, with two bedrooms and baths on the 2nd. A vaulted, open 3rd floor offers the flexibility of ample additional living space, including a third bedroom. The palette is warm and natural, the finish details refined, and tactile. Solid white oak floors and millwork throughout balance a sleek, velvety European chef’s kitchen with polished concrete underfoot. Only the two full baths—charcoal-hued retreats—depart from the airy theme. Guided by passive house principles, the homes are exceptionally energy efficient—and thanks to integrated rooftop solar, nearly net-zero. Built for comfort, longevity, and inspiration—designed as if for the architect themselves. [Home Energy Score = 10. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10246489]
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Open House
4/26/2026 10:00 AM - 2:00 PM
5432 NE 32ND AVE Portland, OR
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesInteriorInterior Amenities Floor3rd ConcreteFloor DualFlushToilet HardwoodFloors HeatRecoveryVentilator HighCeilings HighSpeedInternet Laundry PassiveSolar Quartz ReclaimedMaterial TileFloor VaultedCeiling WaterSenseFixture Wo
Basement CrawlSpace
Hot Water Electricity ENERGYSTARQualifiedEquipment
Window Features AluminumFrames TriplePaneWindows
Total Bathrooms 2.1
Total Bedrooms 3
Total Baths 3
1/2 Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir95Plus HeatExchanger PassiveSolar
Cooling EnergyStarAirConditioning HeatPump
Roof Metal
Appliances ApplianceGarage BuiltinOven BuiltinRefrigerator ConvectionOven Dishwasher Disposal DoubleOven ENERGYSTARQualifiedAppliances InductionCooktop Island Microwave PlumbedForIceMaker Quartz RangeHood Stain
Zoning R2.5
Garage Spaces 0
Architectural Style Modern Townhouse
Security Features LimitedAccess SecurityGate SecurityLights Sidewalk
Year Built 2026
Stories Count 3
Property Subtype Attached
Tax Year 2025
Warranty BuilderWarranty
Parcel Number R166007
County Multnomah
Property Type Residential
HOA N
Subdivision Name Concordia
Full Baths 2
Status Active
Directions NE Killingsworth to NE 32nd Ave South to home
High School Jefferson
City Portland
Disclosures Exempt
MLS Area _142
Lot Size Square Feet 2613.0
Listing Terms Cash Conventional
Elementary School Vernon
Tax Annual Amount 3841.0
Middle/Junior High School Vernon
Property Condition NewConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description FOXCHASE ADD BLOCK 2 LOT 15 / PARTITION PLAT 2026-9 LOT 1
ADU False
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ExteriorExterior Amenities CoveredDeck Deck Fenced Garden Patio Porch PublicRoad SecurityLights XeriscapeLandscaping Yard
Parking Features OnStreet ParkingPad
Lot Features Level OnBusline
Water Source PublicWater
Total Parking 0
Exterior Description Cedar TongueandGroove
Foundation Details ConcretePerimeter Slab
Building Area Total 2134.0
Lot Dimensions 25' x 100'
Lot Size Acres 0.06
Road Surface Type Paved
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* Excluded FeaturesList Byjeff@jeffweithman.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,698
- Monthly Property Taxes
- $320
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Portland, OR
Average List Price $477,057
Percent of Sale Price 70%
About Portland, OR 646,380 Population
22% Since 2002
$ 62,517 Median Income
39 Median Age
22% Households with Children
Trends Information provided by ATTOM Data Solutions.
1951195 Elementary School
1949638 Middle School
Jefferson High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/23/2026 | $1,575,000 | | Listed Price |