8410 SE 21st Ave, Portland, OR, 97202
About This Home
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. The unfinished basement offers a strong 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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: Existing
- Year built: 1909
Materials
- Roof: Composition
- Construction materials: Lap Siding,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Range,Refrigerator,Electric Water Heater,Tank Water Heater
Basement
- Has basement: Yes
- Basement: Full,Storage Space,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Features
- Window features: Window Coverings
Heating
- Heating features: Wall Furnace
Interior Area
- Total structure area: 3,309
- Total interior livable area: 3,309 sqft
Property
Details
- Parcel number: R268008
- Zoning: R2
Features
- Stories: 2
Lot
- Lot size: 10,018 sqft
- Features: Corner Lot,Level,SqFt 10000 to 14999
Parking
- Total spaces: 3
- Parking features: Paved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Multnomah County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,702 | $56,424 |
| Home Insurance * | $190 | $2,280 |
| Property Taxes | $790 | $9,480 |
| Electricity | $300 | $3,603 |
| Total | $5,982 | $71,784 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-07 | Price change | $970,000 |
| 2026-03-18 | Listed for sale | $995,000 |
| 2026-02-09 | Pending sale | $995,000 |
| 2025-11-06 | Price change | $995,000 |
| 2025-09-09 | Listed for sale | $1,019,000 |
| 2023-08-15 | Sold | $850,000 |
| 2023-06-16 | Pending sale | $899,000 |
| 2023-04-18 | Price change | $899,000 |
| 2023-02-27 | Listed for sale | $950,000 |
| 2017-04-21 | Listing removed | $850 |
| 2017-03-21 | Listed for rent | $850 |
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