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Listing provided courtesy of Redfin- MLS# 389001689MLS Provider

8410 SE 21ST AVEPortland, OR 97202

Multi-Family · 3,309 Sq. ft. | 0.23 Acres
$930,000 Active

8410 SE 21ST AVE Overview

Time on Site:
293 days
Visits:
7

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. The unfinished basement offers a strong 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 grassy areas and outdoor spaces enjoyed by tenants. Close to parks, schools, boutique shops, and public transit, this property stands out as a prime candidate for portfolio growth or redevelopment in the heart of Sellwood/Moreland. Please do not disturb tenants. All offers subject to interior inspection.

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8410 SE 21ST AVE Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,309
  • Price/Sq.ft. $281
  • Lot 0.23 Acres

Details

General

School Information

  • Elementary School: Duniway
  • Middle Or Junior School: Sellwood
  • High School: Cleveland

Income/Expenses

  • Gross Income: 64118.0
  • Net Operating Income: 33139.0
  • Operating Expense: 30979.0

Building Information

  • Year Built: 1909

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 143 - Portland Southeast
  • Subdivision Name: SELLWOOD-MORELAND

Rent/Lease Information

  • Rent Includes: Electricity,Gas,Maintenance Grounds,Sewer,Trash Collection,Water

Tax Information

  • Tax Annual Amount: 11512.22
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R268008
  • Property Condition: Existing
  • Property Type: Multi Family
  • Zoning: R2

Interior

Building Interior

  • Building Area Total: 3309.0

General Information

  • Basement: Full Basement,Storage Space,Unfinished
  • Heating: Wall Furnace
  • Security Features: Entry,Fire Escape
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Paved
  • Parking Total: 3.0

Lot Information

  • Lot Features: Corner Lot,Level
  • Lot Size Acres: 0.23
  • Lot Size Square Feet: 10018.0
  • Road Surface Type: Paved
  • Water Source: Public Water

Building Exterior/Construction

  • Roof: Composition

General Information

  • Number Of Units Total: 5
  • Sewer: Public Sewer

8410 SE 21ST AVE Neighborhood

Community

97202 (Portland) Demographics

37
Median Age
5,954
Population Density (per sq. mile)
66%
College Educated
$86,351
Estimated Median Income
9,199
Estimated Total Home Owners
8,995
Estimated Total Renters
51% / 49%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

8410 SE 21ST AVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

8410 SE 21ST AVE Market Data

Based on the last 30 days in this zip code

$731,202
Average List Price
$362
Average Price per Square Foot
36
Properties Sold
70
Average Days on Market
148
Properties for Sale
Calculations provided by Reliance Network

8410 SE 21ST AVE History

Date Event Value Agent
5/21/2026Source: Regional MLS Price Reduction
$930,000 -4.1%
4/7/2026Source: Regional MLS Price Reduction
$970,000 -2.5%
3/18/2026Source: Regional MLS Status Change
Active
2/9/2026Source: Regional MLS Status Change
Pending
11/5/2025Source: Regional MLS Price Reduction
$995,000 -2.4%
9/9/2025Source: Regional MLS Added to Database
September 09, 2025