8438 SE 21ST AVE Portland, OR $ 2,325,000
8438 SE 21ST AVE
$ 2,325,000
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8438 SE 21ST AVE

Portland, OR, 97202
$ 2,325,000
Bedrooms3 Baths4.0 Sq 2,189

Monthly Estimate*

$ 14,680

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Multi-Family Home for sale in Portland, OR

for $2,325,000 with 3 bedrooms and 4 full baths. This 2,189 square foot home was built in 2023 on a lot size of 0.12.

Well-located 8-unit apartment investment offers a unique mix of historic character and newer construction in Portland’s desirable Sellwood neighborhood. The property includes two fully renovated units within the original 1906 residence, complemented by six townhome-style units constructed as part of the property’s redevelopment.The unit mix consists of three 2-bedroom/1.5-bath units, three 1-bedroom units, and two studios. Situated at the corner of SE Sherrett Street and SE 21st Avenue, directly across from Johnson Creek Park, the property benefits from a quiet residential setting, ample street parking, and an attractive neighborhood and park-like atmosphere.

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Multi-Family Active

Price

$ 2,325,000

Bedrooms

3

Full Bath

4

Property Type

Multi-Family

Taxes

$ 21,191

Style

Lot Size

0.12

Year Built

2023

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

582033380

Features
General
Sewer PublicSewer
Heating MiniSplit
Cooling MiniSplit
Roof Composition
Zoning RM1
Year Built 2023
Stories Count 3
Tax Year 2025
Parcel Number R268006
Gross Income 183418.0
County Multnomah
Net Operating Income 116652.0
Operating Expense 66765.0
Property Type MultiFamily
HOA N
Subdivision Name SELLWOOD-MORELAND
Rent Includes None
Status Active
Directions Northeast corner of SE 21st Ave & SE Sherrett St
High School Cleveland
City Portland
Number Of Units Total 8
MLS Area _143
Lot Size Square Feet 5227.0
Listing Terms CallListingAgent Cash Conventional OwnerWillCarry
Elementary School Duniway
Tax Annual Amount 21191.35
Middle/Junior High School Sellwood
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description SELLWOOD BLOCK 106 LOT 10
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Exterior
Parking Features OnStreet
Lot Features CornerLot Level
Water Source PublicWater
Exterior Description CementSiding
Foundation Details ConcretePerimeter
Building Area Total 2189.0
Lot Dimensions 50 x 100
Lot Size Acres 0.12
Road Surface Type Paved
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Interior
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 0
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 2
Unit 3 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3
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Internal Only
Street Number 1 8438
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* Excluded Features
List By
Knipe Realty Era Powered

Broker

503-201-8537

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Affordability Calculator

$16,446
Per Month
89%
11%
0%
Monthly Principal & Interest
$14,680
Monthly Property Taxes
$1,766
Monthly Home Insurance
--
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
1949692 Elementary School
1948901 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2026$2,325,000 Listed Price

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8438 SE 21ST AVE, Portland, OR, 97202 is a Multi-Family Home for sale at $2,325,000 with 2,189 sqft and a lot size of 0.12. 8438 SE 21ST AVE has 3 bedrooms, 4.0 baths, and was built in 2023. The property's zip code is 97202 which is in Portland, OR