8-Unit Apartment
For Sale
$2,325,000
8438 SE 21ST AVE, Portland, OR 97202
Redeveloped property combines renovated residences with six townhome-style units and a varied unit mix.
Property Size2,189 SF
Days on Market14
Property Features for 8438 SE 21ST AVE
General Information
Standard status
Active
Size
2,189 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
3 x 2BR/1.5BA, 3 x 1BR, 2 x studio
Multifamily Units
8
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$21,191
Building Details
Building Size
2,189 SF
Year Built
2023
Listing Agency:
Knipe Realty ERA Powered
Listed By:
Daniel Silvey · License #201209834
(503) 201-8537
Source:
Eleeterealestate
Added: Sep 14
Changed: Sep 26
Last Checked: Sep 26 at 12:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Knipe Realty ERA Powered
Investment Insights
Based on property information with market context.
This apartment property comprises eight residences across a combination of renovated units in the original 1906 home and newer townhome-style construction. The unit mix includes three 2-bedroom/1.5-bath apartments, three 1-bedroom apartments, and two studios, offering a range of layouts within one property.
The building occupies the corner of SE Sherrett Street and SE 21st Avenue, directly across from Johnson Creek Park. The setting includes ample street parking and a quiet residential environment near park space. Two units in the original residence have been fully renovated, while six townhome-style units were added through the property's redevelopment.
The building occupies the corner of SE Sherrett Street and SE 21st Avenue, directly across from Johnson Creek Park. The setting includes ample street parking and a quiet residential environment near park space. Two units in the original residence have been fully renovated, while six townhome-style units were added through the property's redevelopment.
Key Highlights
- 8‑unit apartment property with three 2‑bedroom/1.5‑bath units, three 1‑bedroom units, and two studios
- Two units in the original 1906 residence have been fully renovated
- Six townhome‑style units were added through the property's redevelopment
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 - Redeveloped property combines renovated residences with six townhome-style units and a varied unit mix.
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 three 2‑bedroom/1.5‑bath units, three 1‑bedroom units, and two studios; Two units in the original 1906 residence have been fully renovated; Six townhome‑style units were added through the property's redevelopment
