$995000

Price cut: $24K (11-05-2025)

5 Bed
5 Bath
3309 SqFt
58 DOM
Built: 1909
Status: Active

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Krishna Regupathy

Principal Broker

(503) 893-8874

Exceptional Sellwood/Moreland 5-Plex with Rare Development Potential. An incredible opportunity in one of Portland’s most desirable rental markets. This well-maintained, income-producing 5-plex sits on an oversized RM1-zoned lot, offering multiple paths for both immediate and long-term upside. One unit is currently vacant and undergoing renovation, providing an ideal option for an owner-occupant or for leasing at full market rent. The unfinished basement offers a clear value-add opportunity, with a layout well-suited for conversion into a 6th dwelling unit (buyer to verify), potentially increasing annual income by more than 20%. The spacious lot and RM1 zoning open the door to future redevelopment, with potential to add up to 10 new units under current code (buyer to verify). Investors and developers alike will appreciate the rare combination of strong in-place income and significant expansion potential within this high-demand, walkable neighborhood. Recent exterior upgrades include fresh paint (August 2025) reinforced fire escapes, low-maintenance landscaping, featuring open grassy areas and outdoor spaces enjoyed by tenants. Close to parks, schools, boutique shops, and public transit, this property stands out as a prime candidate for portfolio growth or redevelopment in the heart of Sellwood/Moreland. Please do not disturb tenants. All offers subject to interior inspection.

Listing Provided Courtesy of Jason Maycumber, Redfin

General Information

MLS #389001689
Type
Days on Market 58 DOM
Beds5
Lot Size 10018.8 SqFt
Baths5
SqFt3309
Year built1909
ZoningR2
CountyMultnomah
Tax IDR268008
ElemDuniway 6/10
MiddleSellwood 8/10
HighCleveland 5/10
PropCategoryMultiFamily
PropType
Neighborhood (Legal)SELLWOOD, BLOCK 106, LOT 12&13

Listing Provided Courtesy of Jason Maycumber, Redfin

Krishna Realty data last checked: Nov 07, 2025 04:20 | Listing last modified Nov 06, 2025 10:05, Source:

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Residence Information

Upper SqFt
Main SqFt
Lower SqFt
Total SqFt3309
SFSrc
TotUp/Mn
Fireplaces
Bdrms5
Full Bath
Partial Bath
Total Bath5
RoofComposition
Garage
Style
ParkingPaved
Levels2
Year Built1909
Green CertNo
Energy Eff
ExteriorLapSiding, WoodSiding
Bsmt/FndFullBasement,StorageSpace,Unfinished
RV
URM
BasementFullBasement,Storage
Foundation
Windows
Amenities

Features and Utilities

Living
Kitchen
Interior
Exterior
Accessibility
Cool
WaterElectricity, Tank
HeatWallFurnace
SewerPublicSewer
Hot WaterElectricity, Tank
FuelElectricity

Financial

PTax/Yr11512.22
HOA
HOA InclElectricity,Gas,MaintenanceGrounds,Sewer,TrashColl
HOA Fee
Other Dues
Terms ConsideredCash,Conventional
List Date09-09-2025
Rent (If Rented)
Bank Owned/REONo
Short SaleNo

Comparable Information

Pending Date
DOM 58
CDOM 59
Sold Date
TermsCash,Conventional
Original Price$1,019,000
List Price$995,000
Sold Price
Last ModifiedNov 06, 2025 10:05

Schools

public Elementary : Duniway 6/10 Ratings

public Middle : Sellwood 8/10 Ratings

public High : Cleveland 5/10 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. Krishna Realty data last checked: Nov 07, 2025 04:20 | Listing last modified Nov 06, 2025 10:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

8410 SE 21ST AVE