8410 SE 21ST AVE

Portland, 97202

  • 5 Bed

  • 5 Bath

  • 3309 SqFt

  • 45 DOM

  • Built: 1909

  • Status: Active

$1,019,000

X

8410 SE 21ST AVE

Portland 97202

$1019000

  • 5 Bed

  • 5 Bath

  • 3309 SqFt

  • 45 DOM

  • Built: 1909

  • Status: Active

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Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

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.

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Residence Information

  • 3309

  • 5

  • 5

  • Composition

  • Paved

  • 2

  • 1909

  • No

  • LapSiding, WoodSiding

  • FullBasement,StorageSpace,Unfinished

  • FullBasement,Storage

Features and Utilities

  • Electricity, Tank

  • WallFurnace

  • PublicSewer

  • Electricity, Tank

  • Electricity

Financial

  • 11512.22

  • Electricity,Gas,MaintenanceGrounds,Sewer,TrashColl

  • Cash,Conventional

  • 09-09-2025

  • No

  • No

Comparable Information

  • 45

  • 57

  • Cash,Conventional

  • $1,019,000

  • $1,019,000

  • Oct 24, 2025 13:08

Schools

Elementary : Duniway N/A Ratings
Middle : Sellwood N/A Ratings
High : Cleveland N/A Ratings

Map

Listing courtesy of Redfin.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2019 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. Mohan Realty Group data last checked: Nov 05, 2025 14:58 | Listing last modified Oct 24, 2025 13:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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