Portland, OR
Alberta's quieter neighbor, where the deals still occasionally exist
NE Alberta Street runs right through the southern edge of Concordia, so you get the independent coffee shops and restaurants without paying Alberta Arts District prices. Extracto is a ten-minute walk. The Last Thursday crowds are within range if you want them, far enough away if you don't. The old Concordia University campus — the Lutheran school that closed in 2020 — sits at NE 28th and Killingsworth. Parts of it have been converted to housing and community use; the main building still looks like a college campus dropped into a residential neighborhood, which is exactly what it is.
The housing is mostly bungalows from the 1920s and 1940s — smaller lots, smaller square footage than what you'd find in Irvington, but the same architectural era. People buy here when they lose a bidding war on a house in Alberta proper and then realize this was the better deal all along. The blocks between NE 33rd and NE 42nd are the core residential streets. Gardening is taken seriously here — front yards tend to be planted, not just mowed. Community garden plots fill up years in advance.
Killingsworth Street east of 33rd is rougher than the residential blocks, and there's a noticeable drop-off in walkability once you're east of 42nd. The schools in the attendance area are mid-tier within PPS — not the district's worst, not the best. Inventory is limited and buyers who discover this neighborhood often get competitive fast. The good news is that the price gap from Alberta has been shrinking for several years, which means entry points are still meaningfully lower but the discount won't last forever.
25–30 min by car, 35+ in rush hour via Burnside Bridge; 20 min by bike; 40 min on the 72 bus
Portland Public Schools
Prices shown are estimates based on recent sales. Contact David & Bri for current market data.
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“We lost three offers in Alberta before Bri suggested we look at Concordia. Found a 1928 bungalow for $498,000 — two blocks from the same coffee shop we were fighting traffic to visit anyway.”
“First-time buyer, budget was firm at $480k. Bri was honest that Alberta was mostly out of reach at that number and steered me toward Concordia without making me feel like I was settling. Closed at $467,000.”
4 questions
They share the Alberta commercial strip on the south edge of Concordia, but Concordia is its own neighborhood — quieter residential streets, smaller bungalows, and prices that run $50k–$100k below comparable houses in Alberta proper. It's where buyers who lose Alberta deals often end up, and many say the trade was worth it.
The Lutheran liberal arts college on NE 28th closed in 2020 after financial difficulties. The campus has been partially redeveloped into housing and community space. The main buildings still stand and give the area a distinctive look. It's not a negative for the neighborhood — the campus is genuinely attractive — but buyers should know the full block isn't traditional residential.
Median is around $520,000. Most houses trade between $400k and $650k. Smaller 2-bedroom bungalows in need of work can still come in under $450k. Well-maintained 3-bedrooms on the core residential streets are typically $525k–$650k. Competition exists but it's not as intense as Alberta or Irvington.
Mid-range for Portland Public Schools. Faubion is an interesting option — it's a PK–8 school co-located with a Lewis & Clark graduate education program, which brings resources. Jefferson High School is the attendance-area high school and has been through significant changes; families who stay with PPS through high school often look at Benson Polytechnic or other option schools.