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About This Home
This 6-bedroom, 5-bathroom residential multi family at 8410 SE 21ST Ave in Portland, OR is listed for $970,000 ($293 per sqft). Built in 1909, the home offers 3,309 sqft of living space on a 0.23 acres lot.
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.
Key Features
- Built in 1909
- 0.23 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$5,188/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8410 SE 21ST Ave
Portland, OR 97202
SELLWOOD-MORELAND
Questions & Answers
This 6-bedroom, 5-bathroom residential multi family at 8410 SE 21ST Ave is listed at $970,000 ($293/sqft). The estimated monthly payment is $4,203 based on 20% down at 6.5% interest.
Key features include: Built in 1909, 0.23 acre lot, 2 stories.
This property is listed by Jason Maycumber and can be reached at 5038059197 or Jason.Maycumber@redfin.com.