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  • Price cut: $370K (7/23)
    $3,998,900

    8632 SW 21st Ave, Portland, OR 97219

    22beds
    9,970sqft
    : 
    $29,985/mo
    Get pre-qualified
    Multi Family
    Built in 2026
    -- sqft lot
    $-- Zestimate®
    $401/sqft
    $-- HOA

    What's special

    Dual ensuite bedroomsStainless steel appliancesIn unit laundryBright great room layoutSolid surface countertopsGenerous cabinetry
    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.
    202 days
    |
    161
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    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Darryl Bodle 503-709-4632,

    Keller Williams Realty Portland Premiere,

    Kelly Christian 908-328-1873,

    Keller Williams Realty Portland Premiere

    Source: RMLS (OR),MLS#: 258555663MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 22
      • Bathrooms: 33
      • Full bathrooms: 22
      • Partial bathrooms: 11
      Heating
      • Mini Split
      Cooling
      • Heat Pump, Air Conditioning
      Appliances
      • Included: Dishwasher, Range, Electric Water Heater, Tank Water Heater
      • Laundry: Washer Dryer Hookup
      Features
      • Basement: Crawl Space
      Interior area
      • Total structure area: 9,970
      • Total interior livable area: 9,970 sqft

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Deck
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 7,405 Square Feet
      • Features: Gentle Sloping, SqFt 7000 to 9999
      Details
      • Parcel number: New Construction
      • Zoning: RM1

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Board & Batten Siding, Cement Siding, Lap Siding, Panel
      • Foundation: Concrete Perimeter, Stem Wall
      • Roof: Composition
      Condition
      • New Construction
      • Year built: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Sidewalk
      • Subdivision: Markham
      Location
      • Region: Portland

      Financial & listing details

      • Price per square foot: $401/sqft
      • Date on market: 1/26/2026
      • Listing terms: Cash,Conventional
      • Total actual rent: 26800
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Price change$3,998,900-8.5%$401/sqft
        Source: RMLS (OR) #258555663 Report a problem
        4/21/2026Price change$4,368,900-1.1%$438/sqft
        Source: RMLS (OR) #258555663 Report a problem
        2/9/2026Price change$4,418,900-6%$443/sqft
        Source: RMLS (OR) #258555663 Report a problem
        1/28/2026Listed for sale$4,699,900$471/sqft
        Source: RMLS (OR) #258555663 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Markham

        Getting around

        63 / 100
        Somewhat Walkable
        42 / 100
        Some Transit
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Capitol Hill
        • Middle: Jackson
        • High: Ida B Wells

        Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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