About 8410 Se 21st Ave
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.
Features of 8410 Se 21st Ave
| MLS® # | 389001689 |
|---|---|
| Price | $1,019,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,309 |
| Acres | 0.23 |
| Year Built | 1909 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 8410 Se 21st Ave |
|---|---|
| Area | 143 - Portland Southeast |
| Subdivision | SELLWOOD-MORELAND |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97202 |
Amenities
| Parking Spaces | 3 |
|---|---|
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full Basement, Unfinished, Storage Space |
Exterior
| Exterior | Lap Siding, Wood Siding |
|---|---|
| Lot Description | Corner Lot, Level |
| Roof | Composition |
School Information
| Elementary | Duniway |
|---|---|
| Middle | Sellwood |
| High | Cleveland |
Additional Information
| Date Listed | September 9th, 2025 |
|---|---|
| Days on Market | 45 |
| Zoning | R2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Redfin |
|---|