Back to Search

Sellwood/Moreland 5-Plex with Development Potential

8410 SE 21ST Ave, Portland, OR 97202

View on Map

For Sale

$930,000

MULTI_FAMILY - Portland, OR

Property size:

3,309 SF

Lot size:

0.23 Acres

Price / SF:

$281/SF

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.
Recent exterior upgrades including fresh paint and reinforced fire escapes.
Well‑maintained property with low‑maintenance landscaping and outdoor spaces.
Prime location close to parks, schools, shops, and public transit.

We can help!

Listing Contact

Jason Maycumber

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:: 282
Last Refresh:: Jun 17 at 5:06 am

Property Features for 8410 SE 21ST Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: R2
Bedrooms: 6
Bathrooms: 5
Rooms: Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 1
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

We can help!

Listing Contact

Jason Maycumber

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.

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.
Recent exterior upgrades including fresh paint and reinforced fire escapes.
Well‑maintained property with low‑maintenance landscaping and outdoor spaces.
Prime location close to parks, schools, shops, and public transit.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.642811
Latitude: 45.461964

Nearby Similar for Sale

$2,000,000

6,070 SF

Six-Unit Apartment Community

2019-built six-unit community with in-unit laundry and off-street parking on a low-density lot.

8300 SE Flavel St, Portland, OR 97266

View Details
$629,990

3,120 SF

Single-Level Fourplex with Garages

Four 2-bedroom units each with a fenced yard, detached garage, and washer/dryer hookups.

18321 NE WASCO St, Portland, OR 97230

View Details
$4,313,900

11,578 SF

Detached Cottage Multifamily Portfolio

Twelve new construction detached two-bedroom cottages with modern in-unit features and efficient mini-split climate control.

7033 SE 60th Ave, Portland, OR 97206

View Details
$1,649,900

3,952 SF

Modern 4-Unit Residential Property

New construction quadplex with two-bedroom units, mini-split heating/cooling, and fenced outdoor space for each home.

4066 SE Long St, Portland, OR 97202

View Details
$1,739,900

4,868 SF

New Construction Cottage Portfolio

Four detached homes near St. Johns with strong rental potential.

6603 N Seneca St, Portland, OR 97203

View Details
$1,969,900

4,815 SF

New Multifamily Investment by Park

Five-unit townhome investment across from Peninsula Park in Portland, Oregon.

6179 N Albina Ave, Portland, OR 97217

View Details
$899,000

5,982 SF

Versatile Commercial Property with Warehouse

Mixed-use property featuring storefronts, restaurant, and warehouse space.

1218 N Killingsworth Street, Portland, OR 97217

View Details
$695,000

2,938 SF

1907 Duplex with Separate Entrances

Two 2BR/1BA units with separate entrances, porches, and a fenced backyard, delivered vacant for owner-occupant or rental use.

3632 SE BELMONT St, Portland, OR 97214

View Details
$645,000

5,500 SF

Mixed-Use Development Fixer

Two-building mixed-use property with street-level office/retail and multiple apartment units, sold as-is with CM2 zoning.

8325 SE DIVISION St, Portland, OR 97266

View Details
$2,889,900

7,179 SF

Rose City Park Multifamily Investment

New 7-unit multifamily property in Portland's Rose City Park.

2938 NE 62nd Ave, Portland, OR 97213

View Details
$1,979,900

4,588 SF

New Cottage Homes in Beaumont-Wilshire

Four newly built detached cottage homes in NE Portland.

4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211

View Details
$1,200,000

3,950 SF

Four-Unit Residential Income Property

Four-unit setup with covered parking and updated exterior elements suitable for income-focused ownership.

12369 SW WALNUT St, Portland, OR 97223

View Details

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

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Mixed-Use Development Fixer

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

FAQs

Create New Password