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Commercial > Multi-family / Apartments
Active
09/09/2025
List Price
$1,019,000$308/ft²

8410 21st Ave
Portland, OR 97202

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  • 8410 21st Ave, Portland, OR 97202 is a 5 bath, 3,309 ft² multi-family/apartments property built in 1909 on a 0.230 acre lot with 3 construction permits. This multi-family/apartments is currently for sale for $1,019,000, and it was last sold in 2023 for $850,000.

    MLS Description

    The listing agent's description. Original Listing

    Rare Sellwood/Moreland 5-Plex with Value-Add and Development Potential.Exceptional opportunity in the highly sought-after Sellwood/Moreland neighborhood—just minutes from parks, schools, shops, and public transit. This well-located 5-plex offers multiple paths for income growth and future development.One unit is currently vacant and being renovated, allowing a new owner the flexibility to occupy the unit or lease it at full market rent. The unfinished basement offers additional upside, with a layout suitable for conversion into a 6th unit (see floor plan in photos)—potentially increasing total annual rental income by over 22%.Situated on a spacious lot with RM1 zoning, the property provides development opportunities to add up to 10 additional units (buyer to verify). The exterior was freshly painted in August, and the low-maintenance yard features open grassy areas for tenants to enjoy outdoor activities.This property presents multiple avenues for value-add improvements, increased cash flow, and long-term development potential in one of Portland’s most desirable rental markets.Please do not disturb tenants. All offers subject to interior inspection.

    Listing Agents

    The listing agent for 8410 21st Ave is Jason Maycumber.

    Permits

    8410 21st Ave has 3 permit records.

    Permit History
    3
    Permits

    Current Ownership

    Information about the current owner(s).

    Property History

    8410 21st Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 8410 21st Ave

    School Information

    Public/private schools serving 8410 21st Ave

    Neighborhood

    This property is located in Sellwood, Portland, OR 97202.

    Market Trends

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    Copyright © 2025 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.

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