8410 SE 21st Ave, Portland, OR 97202

Local realty services provided by:ERA Freeman & Associates, Realtors
8410 SE 21st Ave,Portland, OR 97202
$995,000
  • - Beds
  • - Baths
  • 3,309 sq. ft.
  • Multi-family
  • Pending
Listed by: jason maycumber
Office: redfin
MLS#:389001689
Source:PORTLAND

Price summary

  • Price:$995,000
  • Price per sq. ft.:$300.7

About this home

Exceptional Sellwood/Moreland 5-Plex with Rare Development Potential. An incredible opportunity in one of Portland’s most desirable rental markets. This well-maintained, income-producing 5-plex sits on an oversized RM1-zoned lot, offering multiple paths for both immediate and long-term upside. See photo of vacant 1bed/1bath unit. The unfinished basement offers a clear value-add opportunity, with a layout well-suited for conversion into a 6th dwelling unit (buyer to verify), potentially increasing annual income by more than 20%. The spacious lot and RM1 zoning open the door to future redevelopment, with potential to add up to 10 new units under current code (buyer to verify). Investors and developers alike will appreciate the rare combination of strong in-place income and significant expansion potential within this high-demand, walkable neighborhood. Recent exterior upgrades include fresh paint (August 2025) reinforced fire escapes, low-maintenance landscaping, featuring open

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Home facts

  • Year built:1909
  • Listing ID #:389001689
  • Added:156 day(s) ago
  • Updated:February 10, 2026 at 04:13 AM

Rooms and interior

  • Living area:3,309 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1909
  • Building area:3,309 sq. ft.
  • Lot area:0.23 Acres

Schools

  • High school:Cleveland
  • Middle school:Sellwood
  • Elementary school:Duniway

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$300.7
  • Tax amount:$11,512 (2025)
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than ERA Freeman & Associates, Realtors are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: February 10, 2026

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