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Sellwood/Moreland 5-Plex with Development Potential

8410 SE 21ST Ave Portland, OR 97202

For Sale

$930,000

MULTI_FAMILY - Portland, OR

Property size:

3,309 SF

Lot size:

0.23 Acres

Price / SF:

$281/SF

For Sale

$930,000

MULTI_FAMILY - Portland, OR

Property size:

3,309 SF

Lot size:

0.23 Acres

Price / SF:

$281/SF

Added:: Sep 9, 2025
Days on Market:: 307
Last Refresh:: Jul 12 at 1:06 pm

Property Features for 8410 SE 21ST Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2
Bedrooms: 6
Bathrooms: 5
Rooms: Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 5
Standard status: Active
APN: R268008
Size: 3,309 SF
Lot size: 0.23 Acres

Taxes and HOA fees

Tax Description: SELLWOOD, BLOCK 106, LOT 12&13
Tax Annual Amount: 11512

Building Details

Year built: 1909
Floors in Building: 2
Number of units: 5
Roof type: Composition

Listing agent Jason Maycumber

Listing office Redfin 1500 NE Irving Street, Suite 380, Portland, OR

Listing date Sep 9, 2025

MLS# 389001689 Listing URL

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This well-maintained, income-producing 5-plex is located in the Sellwood/Moreland area. Situated on an oversized lot with RM1 zoning, the property offers both immediate and long-term upside. The unfinished basement presents a value-add opportunity, with a layout suited for conversion into a 6th dwelling unit, potentially increasing annual income. The spacious lot and RM1 zoning allow for future redevelopment, with the potential to add new units under the current code. Exterior upgrades include fresh paint (August 2025), reinforced fire escapes, and low-maintenance landscaping, featuring open grassy areas and outdoor spaces. The property is close to parks, schools, boutique shops, and public transit. The property is zoned R2. The property size is 3309 square feet and the lot size is 0.23 acres. Intended use of the property is for residential income. Investors and developers may appreciate the combination of in-place income and expansion potential within this walkable neighborhood.

Key Highlights

Oversized RM1‑zoned lot with redevelopment potential for up to 10 units.
Income‑producing 5‑plex in a high‑demand rental market.
Unfinished basement offers value‑add opportunity to create a 6th dwelling unit.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Apartment buildings
OR
Portland
97202
8410 SE 21ST Ave

What type of property is this?

Apartment building - Well-maintained 5-plex with development potential in a desirable location.

Where is this apartment building located?

The property is located at 8410 SE 21ST Ave Portland, OR.

What is the asking price?

The asking price for this property is $930,000.

What are key features of this property?

This property features: Oversized RM1‑zoned lot with redevelopment potential for up to 10 units.; Income‑producing 5‑plex in a high‑demand rental market.; Unfinished basement offers value‑add opportunity to create a 6th dwelling unit.

8410 SE 21ST Ave Portland, OR 97202

MULTI_FAMILY - Portland, OR

Property Features for 8410 SE 21ST Ave

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Six-Unit Apartment Community

Park-Front Fourplex Opportunity

Detached Cottage Multifamily Portfolio

21-Unit Apartment Community

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Remodeled Duplex with Two Units

Mixed-Use Apartment Building

Residential Income Property with ADU

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