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New Construction Condominium Community

8632 SW 21st Ave, Portland, OR 97219

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For Sale

$4,368,900

MULTI_FAMILY - Portland, OR

Property size:

9,970 SF

Lot size:

0.17 Acres

Price / SF:

$438/SF

HighLights

11‑unit condominium community under construction; estimated year built 2026
All units currently vacant and described as move‑in ready for immediate lease‑up
Each unit is approximately 905–908 SF with 2 bedrooms and 2.1 bathrooms, including dual en‑suite bedrooms
In‑unit laundry located between the bedrooms in every unit
Heating and cooling provided by energy‑efficient mini‑split systems; heat pump cooling noted
Outdoor space: 5 units in the west building with private decks and 6 units in the east building with patio areas accessed from the living room

We can help!

Listing Contact

Darryl Bodle

For Sale

$4,368,900

MULTI_FAMILY - Portland, OR

Property size:

9,970 SF

Lot size:

0.17 Acres

Price / SF:

$438/SF

Added:: Jan 26, 2026
Days on Market:: 137
Last Refresh:: Jun 12 at 1:06 pm

Property Features for 8632 SW 21st Ave

General Information

Property type: Residential Multi Family
Property subtype: Other
Property condition: Under Construction
Zoning: RM1
Bedrooms: 8
Bathrooms: 12
Rooms: Bedroom 7, Bathroom 12, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 8, Bathroom 9, Bathroom 1, Bathroom 5, Bedroom 4, Bathroom 8, Bathroom 10, Bathroom 11, Bedroom 6, Bedroom 3, Bedroom 2
Standard status: Active
APN: New Construction
Size: 9,970 SF
Lot size: 0.17 Acres

Utilities

Cooling system: Heat Pump

Building Details

Year built: 2026
Floors in Building: 2
Number of units: 11
Roof type: Composition

We can help!

Listing Contact

Darryl Bodle

Listing agent Darryl Bodle License #199910100

Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

Listing date Jan 26, 2026

MLS# 258555663 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

11‑unit condominium community under construction; estimated year built 2026
All units currently vacant and described as move‑in ready for immediate lease‑up
Each unit is approximately 905–908 SF with 2 bedrooms and 2.1 bathrooms, including dual en‑suite bedrooms
In‑unit laundry located between the bedrooms in every unit
Heating and cooling provided by energy‑efficient mini‑split systems; heat pump cooling noted
Outdoor space: 5 units in the west building with private decks and 6 units in the east building with patio areas accessed from the living room

Overview

This new construction 11-unit condominium community is located in Portland's desirable Markham neighborhood. It offers investors the opportunity to acquire a modern, low-maintenance asset with immediate lease-up potential. All units are currently vacant and move-in ready, allowing for rapid tenant placement and quick income stabilization. Each unit ranges from approximately 905 to 908 square feet and features 2 bedrooms and 2.1 bathrooms, including dual en-suite bedrooms. The main living level offers an open great room layout anchored by a spacious kitchen island with eat bar. Outdoor living is thoughtfully differentiated by building, with five units in the west building offering private decks off the living room slider, while six units in the east building include patio spaces accessed directly from the living room. Select street-facing units add further upside, including Unit 8610 #6 with a fenced yard space and Unit 8630 #1 featuring additional windows. Energy-efficient mini-split systems provide heating and cooling throughout, and all units include in-unit laundry located between the bedrooms. Built by a respected Street of Dreams builder, this community benefits from durable construction. The Markham location offers proximity to Gabriel Park, Multnomah Village shopping and dining, Barbur Boulevard transit access, and convenient routes to downtown Portland and major employment centers, supporting consistent rental demand. The property is situated on a 0.17-acre lot. The building size is 9970 square feet. The zoning is RM1.

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: -122.698608
Latitude: 45.462342

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For sale
Apartment buildings
OR
Portland
97219
8632 SW 21st Ave

What type of property is this?

Apartment building - Modern 11-unit condominium community in Portland's Markham neighborhood.

Where is this apartment building located?

The property is located at 8632 SW 21st Ave Portland, OR.

What is the asking price?

The asking price for this property is $4,368,900.

What are key features of this property?

This property features: 11‑unit condominium community under construction; estimated year built 2026; All units currently vacant and described as move‑in ready for immediate lease‑up; Each unit is approximately 905–908 SF with 2 bedrooms and 2.1 bathrooms, including dual en‑suite bedrooms

8632 SW 21st Ave, Portland, OR 97219

MULTI_FAMILY - Portland, OR

Property Features for 8632 SW 21st Ave

General Information

Utilities

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

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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