Active

$2,325,000

8438 SE 21st Ave, Portland, OR 97202

9beds

2,189sqft

$17,433/mo

Get pre-qualified

Multi Family

Built in 2023

-- sqft lot

$-- Zestimate^®

$1,062/sqft

$-- HOA

What's special

Townhome-style unitsNewer constructionHistoric characterQuiet residential settingTwo fully renovated unitsAmple street parking

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.

28 days
214
0

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 11
Full bathrooms: 8
Partial bathrooms: 3

Heating

Mini Split

Cooling

Has cooling: Yes

Appliances

Included: Dishwasher, Disposal, Washer/Dryer, Electric Water Heater

Features

Windows: Window Coverings

Interior area

Total structure area: 2,189
Total interior livable area: 2,189 sqft

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Features

Stories: 3
Has view: Yes
View description: Park/Greenbelt

Lot

Size: 5,227 Square Feet
Dimensions: 50 x 100
Features: Corner Lot, Level, SqFt 5000 to 6999

Details

Parcel number: R268006
Zoning: RM1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement Siding
Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 2023

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Connected

Community & HOA

Community

Subdivision: Sellwood-Moreland

HOA

Has HOA: No

Location

Region: Portland

Financial & listing details

Price per square foot: $1,062/sqft
Tax assessed value: $1,605,680
Annual tax amount: $21,191
Date on market: 9/14/2026
Listing terms: Call Listing Agent,Cash,Conventional,Owner Will Carry
Total actual rent: 14821
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
9/14/2026	Listed for sale	$2,325,000+343.7%$1,062/sqft
Source: RMLS (OR) #582033380 Report a problem
6/12/2019	Sold	$524,000-4.7%$239/sqft
Source: RMLS (OR) #19264396 Report a problem
4/6/2019	Pending sale	$550,000$251/sqft
Source: Windermere Realty Trust #19264396 Report a problem
3/22/2019	Listed for sale	$550,000$251/sqft
Source: Windermere Realty Trust #19264396 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$21,191 +3.7%	$786,470 +3%
2024	$20,429 +75%	$763,560 +73.3%
2023	$11,672 +119.4%	$440,480 +121.1%
2022	$5,320 +1.7%	$199,220 +3%
2021	$5,230 +9%	$193,420 +3%
2020	$4,797 +3.8%	$187,790 +3%
2019	$4,621	$182,330 +3%
2018	$4,621 +3%	$177,020 +3%
2017	$4,485 +14%	$171,870 +3%
2016	$3,934	$166,870 +3%
2015	$3,934 +2.7%	$162,010 +3%
2014	$3,831 +3.9%	$157,300 +3%
2013	$3,686 +10.5%	$152,720 +3%
2012	$3,334 +3.9%	$148,280 +3%
2011	$3,209 +5.4%	$143,970 +3%
2010	$3,045 +2.7%	$139,780 +3%
2009	$2,965 +6%	$135,710 +3%
2008	$2,798 +0.3%	$131,760 +3%
2007	$2,790 +11.4%	$127,930 +3%
2006	$2,505 +4.7%	$124,210 +3%
2005	$2,393 -8.2%	$120,600 +3%
2004	$2,606 +2.3%	$117,090 +3%
2003	$2,549 +8.9%	$113,680 +3%
2002	$2,340 +7.4%	$110,370 +6.1%
2000	$2,180	$104,040