- ADDRESS:
- 8410 SE 21ST AVE Portland, OR 97202
- Price:
- $1,019,000
- Units:
- 5
- Acres:
- 0.23
- Unit 1:
-
2 Bed
1.0 Bath
$1,081/mo
Features: Dishwasher, Range, Refrigerator, Window Coverings - Unit 2:
-
1.0 Bath
$934/mo
Features: Range, Refrigerator - Unit 3:
-
1 Bed
1.0 Bath
$1,117/mo
Features: Range, Refrigerator - Unit 4:
-
1 Bed
1.0 Bath
$1,045/mo
Features: Range, Refrigerator - Unit 5:
-
1 Bed
1.0 Bath
$1,172/mo
Features: Range, Refrigerator - MLS#:
- 389001689
- Lot Size:
- 10,000 to 14,999 SqFt
- Type:
- Multi
- Zone:
- R2
- Yr Built:
- 1909
- Taxe/yr:
- $11,512.22
- County:
- Multnomah
- Status:
- Active
- Levels:
- 2
- Heat:
- Wall Furnace
- Nhood/Bldg:
- SELLWOOD-MORELAND
- Elem:
- Duniway
- Middle:
- Sellwood
- High:
- Cleveland
- Lot Desc:
- Corner Lot, Level
- Area:
- Portland Southeast
- Courtesy of:
- Redfin
- Remarks:
- 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.