Very Walkable

5421 NE 42ND AVE

Portland, OR 97218


Open House Dates

Amazing opportunity to own two commercial lots with multiple tenants in hot close-in NE location. Great buy-and-hold or development opportunity. Rare double lot with turn-key restaurant, office, home and food cart courtyard. Prime location in up-and-coming restaurant row on NE 42nd. Great zoning, fully updated buildings. Please Do Not Disturb tenants. Call agent for details or showing instructions. Owner is licensed agent in Oregon
Hasson Company Realtors


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Listing Office:
Premiere Property Group, LLC
Listing Last Updated:
January 22, 2018 9:34 AM

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Named after Concordia University, which sits within its boundaries, the Concordia area of Northeast Portland is one of the city’s most popular. Concordia University, a private liberal arts institution, has been located in the central portion of the neighborhood since 1905. The historical heart of the neighborhood pairs seamlessly with the influx of young professionals and families moving to NE Portland and bringing a diverse, contemporary feel to the area.



The bustling nature of the Arts district can be felt throughout the neighborhood, but as soon as you leave the main streets, Concordia is also a quiet, comfortable place to own a home. Concordia became a neighborhood in 1905 when the University moved in, so some of the houses in the area are beautifully kept Old Portland, Craftsman, Four Sqaure and bungalow styles. The incredibly desirable nature of the neighborhood means newer homes are becoming more and more available, though, creating a unique snapshot of Portland real estate as it is and was. Concordia also has one of Portland’s best and most active Neighborhood Associations, so neighbors are never without activities and opportunities to work together and connect.



Most of the famous Alberta Arts district is located in Concordia, which houses galleries, boutiques, magazine headquarters, Portland’s only feminist bookstore (made famous by the Portlandia television series), parks, nightlife, and entertainment venues. On the first Thursday of every month during the spring, summer, and fall, the neighborhood comes alive, as Alberta Street is closed to cars and opens to the city’s performers and artisans for a once-weekly parade and festival. Combine this with Northeast Portland’s excellent artisanal beer-brewing community, and award-winning dining, and it’s clear that the best of Portland is at the fingertips of Concordia community members.



Alberta Street is one of Portland’s best streets for exploring on foot, with shops, galleries, and food trucks to spice up the walk. Children love the main play structure and merry-go-round at Alberta Park, and parents love the rubberized surface safety feature. Adults and children alike can take advantage of the open acres, basketball courts, tennis courts, baseball/softball fields, and off-leash dog area year-round. Also located in Concordia is Fernhill Park, which covers 24 acres and features similar attractions as Alberta Park, with the addition of a volleyball court and horseshoe pit.

Private mortgage insurance is an insurance policy that a residential mortgage lender requires of the borrower if the loan-to-value (LTV) ratio of the home is greater than 80%. Mortgage insurance protects the lender from the risk that the borrower may default on the loan. Federal law requires lenders to notify borrowers when the loan-to-value ratio drops below 80%. Mortgage insurance premiums vary, but generally range from $1,000 to $5,000 a year for an average priced home.

Assessments are monthly fees such as Home Owners Association(HOA) Fees etc... Results received from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

Information deemed reliable but subject to change without notice. Qualified buyers only, subject to credit approval. This is not a commitment to lend. Consumer Loan License NMLS-3240, CL-3240.

Directors Mortgage

In association with our #1 preferred local lender, Directors Mortgage, Hasson Company, Realtors® is able to provide a full spectrum of financial services, from online pre-approval to offering a guiding hand throughout the entire home buying process.

24 Listings  |  2.92 mi. Radius  |   within 10% of Listing Price
  • Active
  • Pending
  • Open House

Sold at $1,000,000

Portland, OR 97211

| 18,707 SQFT

Listing Courtesy of

Sold at $942,500

3125 SE 21ST AVE
Portland, OR 97202

| 9,714 SQFT

Listing Courtesy of Seller Jason Waxberg P.C.

Sold at $930,000

1804 NE 24TH AVE
Portland, OR 97212

| 5,148 SQFT

Listing Courtesy of

Listing Courtesy of

Premiere Property Group, LLC

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Hasson Company, Realtors® are marked with the IDX logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2015 RMLS™, Portland, Oregon.This property was last updated: January 22, 2018 9:34 AM

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