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    8410 SE 21St Ave Portland, OR 97202

    Sponsored
    For Sale
    $995,000

    MULTI_FAMILY - Portland, OR

    Property size:
    3,309 SF
    Lot size:
    0.23 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 8410 SE 21St Ave

    General Information

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

    Building Details

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

    Redfin Corporation (503) 893-5923 [email protected]

    Listing agent Jason Maycumber (503) 496-7620

    Listing date Dec 4, 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.

    Overview

    Sellwood/Moreland 5-Plex with Development Potential

    This well-maintained, income-producing 5-plex is located in the desirable Sellwood/Moreland area. Situated on an oversized lot zoned RM1, the property offers both immediate and long-term upside. One unit is currently vacant and undergoing renovation, presenting an opportunity for an owner-occupant or for leasing at full market rent. The unfinished basement offers 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. Recent 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 a prime candidate for portfolio growth or redevelopment. The property size is 3309 square feet and the lot size is 0.23 acres. Intended use of the property is for multi-family residential income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.642811
    Latitude
    45.461964

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    FAQs

    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 $995,000.
    What are key features of this property?
    This property features: - Oversized RM1-zoned lot offers significant redevelopment potential.; - Income-producing 5-plex with potential to increase annual income.; - One vacant unit undergoing renovation, ideal for owner-occupancy.
    (503) 496-7620
    Request Owner's contact information
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    Portland, OR 97202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8410 SE 21St Ave Portland, OR 97202
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