Date
Details
Price
Change
Source
5/14/2026
Listed
$4,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/27
$4,495,000 Just Listed
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1/27
Property Description
Twelve unit complex in prime location in Vernon. Seller is willing to offer partial seller financing to help make the terms/ROI more desirable. Twelve 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.
Full Property Details
Full Property Details for 485 NE Jessup St
General
- Price: $4,495,000
- Taxes: $3,420 (2025)
- Status: Active
- Type: Multi-Family
- Source: RWMLS
- MLS ID: 792494151
- Updated: 5/14/2026
- Added to Site: 6 day(s) ago
Rental Information
- Rent Includes: Trash Collection
Additional Information
- Security/Safety: Handicap Access, Sidewalk
Parking
- Parking Features: On Street
Location
- County: Multnomah
- Subdivision: VERNON/ALBERTA ARTS
- Driving Directions: NE Jessup and MLK
School Information
- Elementary School: MartinL King Jr
- Middle School: Harriet Tubman
- High School: Jefferson
Community
- Community Name: 142 - Portland Northeast
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Mini Split
- Heating Type: Mini Split, Wall Heater
- Heating Fuel: Electricity, Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- Property Detached: Yes
- Basement Desc.: Finished, Separate Living Quarters/Apartment/Aux Living Unit
- Roof: Composition
- Stories/Levels: 3
- Square Feet: 9,860
- Year Built: 2025
- Property Condition: New Construction
Lot Features
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Concrete, Paved
- Lot Features: Private
Financial Considerations
- Operating Expenses: $3,259
- Tax Amount: $3,420.12
- Tax Year: 2025
- Terms: Call Listing Agent, Cash, Contract, Conventional, Owner Will Carry
Disclosures and Reports
- Legal Description: JESSUP STREET CONDOMINIUMS
- Disclosures/Reports: Disclosure
- Property ID: R726763
Listed by Kelly Right Real Estate of Portland, LLC (503) 719-6056, Jordan Tietz (503) 910-0889
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Listing agent
— 485 NE Jessup St —
Jordan Tietz
Kelly Right Real Estate of Portland, LLC
503-719-6056
NMLS#: 1598647
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Schools
Schools serving 485 NE Jessup St
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Martin Luther King Jr. School 4906 Northeast 6th Avenue, Portland, OR 97211 | PK-5 | 0.4 mi |
Harriet Tubman Middle School 2231 North Flint Avenue, Portland, OR 97227 | 6-8 | 1.8 mi |
Jefferson High School, Portland, OR 5210 North Kerby Avenue, Portland, OR 97217 | 9-12 | 0.6 mi |
Grant High School 2245 Northeast 36th Avenue, Portland, OR 97212 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 485 NE Jessup St
Tax History
Tax History for 485 NE Jessup St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,420
181%
$126,930
179%
2024
$1,217
—
$45,496
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 485 NE Jessup St
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485 NE Jessup St, Portland, OR 97211 (MLS# 792494151) is a Multi-Family property with 12 units containing 0 bedrooms and 0 full bathrooms. 485 NE Jessup St is currently listed for $4,495,000 and was received on May 14, 2026. Want to learn more about 485 NE Jessup St? Do you have questions about finding other Multi-Family real estate for sale in Portland International Airport? You can browse all Portland International Airport real estate or contact a Coldwell Banker agent to request more information.