8410 SE 21ST AVE, Portland, OR 97202
- $930,000
- 3,309
- SqFt
- List Price
- $930,000
- Price Change
- ▼ $40,000 1779398147
- Days on Market
- 323
- MLS#
- 389001689
- Property Type
- Multifamily
- Sqft. of Residence
- 3,309
- Lot Size
- 10, 000 to 14, 999 SqFt
- Region
- Portland Southeast
- Status
- ACTIVE
Property Description
Exceptional Sellwood/Moreland 5-Plex with Rare Development Potential. An incredible opportunity in one of Portland’s most desirable rental markets. This well-maintained, income-producing 5-plex sits on an oversized RM1-zoned lot, offering multiple paths for both immediate and long-term upside. The unfinished basement offers a strong value-add opportunity, with a layout well-suited for conversion into a 6th dwelling unit (buyer to verify), potentially increasing annual income by more than 20%. The spacious lot and RM1 zoning open the door to future redevelopment, with potential to add up to 10 new units under current code (buyer to verify). Investors and developers alike will appreciate the rare combination of strong in-place income and significant expansion potential within this high-demand, walkable neighborhood. Recent exterior upgrades include fresh paint (August 2025) reinforced fire escapes, low-maintenance landscaping, featuring open grassy areas and outdoor spaces enjoyed by tenants. Close to parks, schools, boutique shops, and public transit, this property stands out as a prime candidate for portfolio growth or redevelopment in the heart of Sellwood/Moreland. Please do not disturb tenants. All offers subject to interior inspection.
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Additional Information
- Tax Amount
- $11,512
- Year Built
- 1909
- High School
- Cleveland
- Elementary School
- Duniway
- Middle School
- Sellwood
- Acres
- 0.23
- Living Area
- 3,309
- Stories
- 2
- Subdivision
- SELLWOOD-MORELAND
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Wall Furnace
- Hoa Rent Includes
- Electricity, Gas, Maintenance Grounds, Sewer, Trash Collection, Water
- Hot Water Description
- Electricity, Tank
- Exterior Description
- Lap Siding, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Parking
- Paved
- Security Or Entry
- Entry, Fire Escape
- Parking Description
- Paved
- Road Surface
- Paved
- Number Of Units Total
- 5
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1395
- Unit Type One Sq Ft
- 971
- Unit Type One Units Total
- 1
- Unit Type Two Baths Total
- 1
- Unit Type Two Units Total
- 1
- Unit Type Three Baths Total
- 1
- Unit Type Three Beds Total
- 2
- Unit Type Three Rent
- 1188
- Unit Type Three Sq Ft
- 642
- Unit Type Three Units Total
- 1
- Unit Type Four Baths Total
- 1
- Unit Type Four Beds Total
- 1
- Unit Type Four Rent
- 1045
- Unit Type Four Sq Ft
- 451
- Unit Type Four Units Total
- 1
- Unit Type Five Rent
- 1045
- Unit Type Five Sq Ft
- 420
- Unit Type Five Units Total
- 1
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Listing courtesy of Redfin.
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