8-Unit Apartment
New
For Sale
$2,325,000
8438 SE 21ST Ave, Portland, OR 97202
MultiFamily, Portland, OR
Property Size2,189 SF
Lot Size0.12 Acres
Price / SF$1,062
Days on Market4
Property Features for 8438 SE 21ST Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RM1
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
Subdivision
SELLWOOD-MORELAND
View
Park
Elementary school
Duniway
Middle school
Sellwood
High school
Cleveland
Directions
Northeast corner of SE 21st Ave & SE Sherrett St
Standard status
Active
APN
R268006
Size
2,189 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
SELLWOOD, BLOCK 106, LOT 10
Tax Annual Amount
21191
Legal Description
SELLWOOD, BLOCK 106, LOT 10
Building Details
Year built
2023
Floors in Building
3
Number of units
8
Roof type
Composition
Listing Agency:
Knipe Realty ERA Powered
(503) 445-7660
Listed By:
Daniel Silvey · License #201209834
(503) 201-8537
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 17 at 1:06PM
MLS# 582033380
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 8-unit apartment property includes two renovated units within the original residence and six townhome-style units added through redevelopment. The unit mix comprises three 2-bedroom/1.5-bath units, three 1-bedroom units, and two studios. The property contains 2,189 square feet on a 0.12-acre parcel and carries RM1 zoning.
Located at the corner of SE Sherrett Street and SE 21st Avenue in Portland’s Sellwood neighborhood, the property sits directly across from Johnson Creek Park. The surrounding residential setting includes ample street parking and a park-like environment. The composition roof is an additional physical feature of the property.
Located at the corner of SE Sherrett Street and SE 21st Avenue in Portland’s Sellwood neighborhood, the property sits directly across from Johnson Creek Park. The surrounding residential setting includes ample street parking and a park-like environment. The composition roof is an additional physical feature of the property.
Key Highlights
- 8‑unit apartment property with a mix of apartments and townhome‑style units
- Unit mix includes three 2‑bedroom/1.5‑bath units, three 1‑bedroom units, and two studios
- Two units have been fully renovated
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
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Business Placement
Demographics for 97202, OR
43,193
Population
20,097
Households
2.1
Avg Household Size
38
Median Age
65%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
6,856
Density / Sq Mi
$100,353
Median Household Income
$52,090
Median Earnings
$1,674
Median Rent
$684,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight residential units combine renovated apartments with townhome-style layouts in a park-adjacent Portland setting.
Where is this apartment building located?
The property is located at 8438 SE 21ST Ave Portland, OR.
What is the asking price?
The asking price for this property is $2,325,000.
What are key features of this property?
This property features: 8‑unit apartment property with a mix of apartments and townhome‑style units; Unit mix includes three 2‑bedroom/1.5‑bath units, three 1‑bedroom units, and two studios; Two units have been fully renovated
