Discover refined city living at the Historic Ambassador Condominiums, a National Historic Landmark designed by Carl Linde in 1922. Unit 402 is a luminous home showcasing original architectural features such as oak hardwood floors, 9-foot ceilings with crown molding, built-in shelving, and large bay windows that fill the space with natural light and scenic views of the historic neighborhood. This 2-bedroom (or 1-bedroom plus den/office) residence includes a refreshed kitchen, brand-new entry carpet, fresh paint throughout, and a unique circular floor plan, along with a secure leased parking space, storage unit, and utilities included. Residents benefit from exclusive use of a rooftop deck offering panoramic city views, a guest suite available by reservation, modern laundry facilities, and prime proximity to Portland’s Cultural District—just steps from the Art Museum, Arlene Schnitzer Concert Hall, theaters, dining, and public transit—perfectly combining classic elegance with urban convenience.
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Earn from this home
Sell
$40,427
Est. take-home
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Refinance
$0
Est. cash available
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Rent
$2,502/mo
Redfin rental estimate
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Market trends in Downtown Portland, OR
Last updated October 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-list price
96.4%
1.5% MoM
Median sale price
$288K
$66K MoM
Avg. days on market
68d
18 days MoM
Recently sold homes
28
6 MoM
Provided by Redfin
Redfin agents who toured
Beautiful building, spacious 2 bedroom unit with some original charm. The building has an incredible view from the rooftop deck. Caught a spectacular sunset! Definitely a great option for the price.
1 year ago• May not reflect the current state of the home
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1923
Sq. Ft.
879
Year built
1923
Style
Condo/Co-op
County
Multnomah County
APN
R104880
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 30, 2026.
CX
D
Central Commercial Zone
The Central Commercial (CX) zone is intended to provide for commercial and mixed use development within Portlands most urban and intense areas, specifically the Central City and the Gateway Regional Center. A broad range of uses are allowed to reflect Portlands role as a commercial, cultural, residential, and governmental center. Development is intended to be very intense with high building coverage, large buildings, and buildings placed close together. Development is intended to be pedestrianoriented with a strong emphasis on a safe and attractive streetscape. The Design overlay zone is applied to this zone.