8410 Se 21ST Ave, Portland, OR 97202

• 3,309 sqft

Property Description

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.

Listing Status:

Active

Date Added:

September 9, 2025 at 05:00AM

Listing Office:

Redfin : 503-496-7620

Listing Agent:

Jason Maycumber : 503-805-9197

MLS ID:

389001689

Interior

• Basement: Full basementStorage spaceUnfinished
• Heating: Wall furnace

Exterior

• General: Lap sidingWood siding
• Parking: PavedParking spaces: 3

Construction

• Roofing: Composition

Location

• Road/Access: Paved
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Multnomah

Lot

• Zoning: R2SELLWOODBLOCK 106LOT 12&13R268008

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Jason Maycumber, Redfin