8632 SW 21st AVE Portland, OR $ 3,998,900
8632 SW 21st AVE
$ 3,998,900
New Construction
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8632 SW 21st AVE

Portland, OR, 97219
$ 3,998,900
Bedrooms8 Baths12.0 Sq 9,970

Monthly Estimate*

$ 25,249

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Multi-Family Home for sale in Portland, OR

for $3,998,900 with 8 bedrooms and 12 full baths. This 9,970 square foot home was built in 2026 on a lot size of 0.17.

Acquire an entire new construction 11 unit condominium community in Portland’s desirable Markham neighborhood, offering investors a turnkey portfolio with immediate lease up potential. All homes are vacant and move in ready, providing a clear path to tenant placement and income stabilization. The offering includes 9,970 total square feet across 11 thoughtfully designed 2 bedroom, 2½ bathroom residences, each spanning approximately 905 to 908 square feet. Every home features a bright great room layout. Kitchens are anchored by islands with eat bars and include solid surface countertops, stainless steel appliances, pantries, and generous cabinetry. Upstairs, dual ensuite bedrooms provide privacy that appeals to roommates, remote workers, and guests. In unit laundry and efficient mini splits add everyday convenience and year round heating and cooling. Five homes in the west building offer private decks, while six homes in the east building feature patios. Select residences add larger fenced yards, premium end unit positioning, or additional windows that enhance natural light. Built by a trusted Pacific Northwest Street of Dreams builder with over 20 years of experience, known for purposeful design and precision craftsmanship. Designed for life. Crafted to last. The location supports sustained rental appeal with Gabriel Park, Multnomah Village shopping and dining, Barbur Boulevard transit, downtown Portland, and major employment centers all within easy reach. A rare opportunity to acquire an entire lease ready community with modern construction, several variations of outdoor spaces, and compelling long term potential in Southwest Portland.

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Multi-Family Active

Price

$ 3,998,900

Bedrooms

8

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

2026

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

258555663

Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling HeatPump MiniSplit
Roof Composition
Zoning RM1
Garage Spaces 0
Security Features Sidewalk
Year Built 2026
Stories Count 2
Parcel Number New Construction
Gross Income 313227.0
County Multnomah
Net Operating Income 244068.0
Operating Expense 69160.0
Property Type MultiFamily
HOA N
Subdivision Name MARKHAM
Rent Includes None
Status Active
Directions SW Spring Garden St to SW 20th Ave to SW 21st Ave
High School Ida B Wells
City Portland
Disclosures Exempt
Number Of Units Total 11
MLS Area _148
Lot Size Square Feet 7405.0
Listing Terms Cash Conventional
Elementary School Capitol Hill
Tax Annual Amount 0
Middle/Junior High School Jackson
Property Condition NewConstruction
Virtual Tour https://www.youtube.com/watch?v=oDXHag4cLrg
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description UNITS 1 THROUGH 11 TWENTY FIRST CONDOMINIUMS MULTNOMAH COUNTY OREGON
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Interior
Basement CrawlSpace
Storage None
Hot Water Electricity Tank
Unit 1 Baths Total 3
Unit 1 Beds Total 2
Unit 2 Baths Total 3
Unit 2 Beds Total 2
Unit 3 Baths Total 3
Unit 3 Beds Total 2
Unit 4 Baths Total 3
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features OnStreet
Lot Features GentleSloping
Water Source PublicWater
Total Parking 0
Exterior Description BoardBattenSiding CementSiding LapSiding Panel
Foundation Details ConcretePerimeter StemWall
Building Area Total 9970.0
Lot Size Acres 0.17
Road Surface Type Paved
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Internal Only
Street Number 1 8632
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* Excluded Features
List By
Keller Williams Realty Portland Premiere

Broker

503-709-4632

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Affordability Calculator

$25,249
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Monthly Principal & Interest
$25,249
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3254078 Elementary School
3254087 Middle School
Ida B Wells High School High School
Pricing History
DatePricePrice ChangeDescription
7/23/2026$3,998,900 -1.96% Price Down
1/27/2026$4,078,900 Listed Price

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8632 SW 21st AVE, Portland, OR, 97219 is a Multi-Family Home for sale at $3,998,900 with 9,970 sqft and a lot size of 0.17. 8632 SW 21st AVE has 8 bedrooms, 12.0 baths, and was built in 2026. The property's zip code is 97219 which is in Portland, OR