Back to search
485 NE JESSUP ST Portland, OR $ 1,995,000
Share Save
$ 1,995,000 Get more info
485 NE JESSUP ST
$ 1,995,000
Back to search
New Construction
Share Save

485 NE JESSUP ST

Portland, OR, 97211
$ 1,995,000
Bedrooms2 Baths1.0 Sq 9,860

Monthly Estimate*

$ 12,597

485 NE JESSUP ST, Portland, OR 97211 - Image 1
485 NE JESSUP ST, Portland, OR 97211 - Image 2
485 NE JESSUP ST, Portland, OR 97211 - Image 3
485 NE JESSUP ST, Portland, OR 97211 - Image 4
485 NE JESSUP ST, Portland, OR 97211 - Image 5
485 NE JESSUP ST, Portland, OR 97211 - Image 6
485 NE JESSUP ST, Portland, OR 97211 - Image 7
485 NE JESSUP ST, Portland, OR 97211 - Image 8
485 NE JESSUP ST, Portland, OR 97211 - Image 9
485 NE JESSUP ST, Portland, OR 97211 - Image 10
485 NE JESSUP ST, Portland, OR 97211 - Image 11
485 NE JESSUP ST, Portland, OR 97211 - Image 12
485 NE JESSUP ST, Portland, OR 97211 - Image 13
485 NE JESSUP ST, Portland, OR 97211 - Image 14
485 NE JESSUP ST, Portland, OR 97211 - Image 15
485 NE JESSUP ST, Portland, OR 97211 - Image 16
485 NE JESSUP ST, Portland, OR 97211 - Image 17
485 NE JESSUP ST, Portland, OR 97211 - Image 18
485 NE JESSUP ST, Portland, OR 97211 - Image 19
485 NE JESSUP ST, Portland, OR 97211 - Image 20
485 NE JESSUP ST, Portland, OR 97211 - Image 21
485 NE JESSUP ST, Portland, OR 97211 - Image 22
485 NE JESSUP ST, Portland, OR 97211 - Image 23
485 NE JESSUP ST, Portland, OR 97211 - Image 24
485 NE JESSUP ST, Portland, OR 97211 - Image 25
485 NE JESSUP ST, Portland, OR 97211 - Image 26
485 NE JESSUP ST, Portland, OR 97211 - Image 27

Multi-Family Home for sale in Portland, OR

for $1,995,000 with 2 bedrooms and 1 full bath. This 9,860 square foot home was built in 2025.

Six unit building in prime location in Vernon. Seller is willing to offer partial seller financing to help make the terms/ROI more desirable. Six units built as new construction in 2025. All units are 2BR/1BA, 685 s.f. Units are all rented on long-term leases. New construction units feature open floor plans, large windows, high end appliances, modern kitchens and tasteful finishes. Listing agent is seller. Call with any questions. 495 NE Jessup St, the second 6-plex building is also available for sale.

See more
Multi-Family Active

Price

$ 1,995,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 3,420

Style

Year Built

2025

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

792494151
Features
General
Sewer PublicSewer
Heating MiniSplit WallHeater
Cooling MiniSplit
Roof Composition
Zoning RM1
Garage Spaces 0
Security Features HandicapAccess Sidewalk
Year Built 2025
Stories Count 3
Tax Year 2025
Parcel Number R726763
Gross Income 4000.0
Community Features FrontYardLandscaping
County Multnomah
Net Operating Income 0
Operating Expense 3259.0
Property Type MultiFamily
HOA N
Subdivision Name VERNON/ALBERTA ARTS
Rent Includes TrashCollection
Status Active
Directions NE Jessup and MLK
High School Jefferson
City Portland
Disclosures Disclosure
Number Of Units Total 6
MLS Area _142
Listing Terms CallListingAgent Cash Contract Conventional OwnerWillCarry
Elementary School MartinL King Jr
Tax Annual Amount 3420.12
Middle/Junior High School Harriet Tubman
Property Condition NewConstruction
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description JESSUP STREET CONDOMINIUMS
See more
Interior
Basement Finished SeparateLivingQuartersApartmentAuxLivingUnit
Storage Attic Basement
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit Type UnitTypeType1
See more
Exterior
Parking Features OnStreet
Lot Features Private
Water Source PublicWater
Total Parking 0
Exterior Description CementSiding WoodSiding
Foundation Details ConcretePerimeter PillarPostPier
Building Area Total 9860.0
Road Surface Type Concrete Paved
See more
Internal Only
Street Number 1 485
See more
* Excluded Features
List By
Kelly Right Real Estate Of Portland, Llc

Broker

jordantietz@gmail.com

Email

Affordability Calculator

$12,882
Per Month
98%
2%
0%
Monthly Principal & Interest
$12,597
Monthly Property Taxes
$285
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2580952 Elementary School
2406671 Middle School
Jefferson High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/31/2026$1,995,000 -55.62% Price Down
5/15/2026$4,495,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

485 NE JESSUP ST, Portland, OR, 97211 is a Multi-Family Home for sale at $1,995,000 with 9,860 sqft. 485 NE JESSUP ST has 2 bedrooms, 1.0 baths, and was built in 2025. The property's zip code is 97211 which is in Portland, OR

Get more info