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Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$ 3,998,900
Est. payment /mo
Price Dropped by $370K
8632 SW 21st AVE Portland, OR 97219
9,970 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,970 sqft
Price per Sqft $401
Subdivision Markham
MLS Listing ID 258555663
Year Built 2026
Lot Size 7,405 Sqft
Property Description
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.
Location
State OR
County Multnomah
Area _148
Zoning RM1
Rooms
Basement Crawl Space
Interior
Heating Mini Split
Cooling Heat Pump, Mini Split
Exterior
View Trees Woods
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping
Story 2
Foundation Concrete Perimeter, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Capitol Hill
Middle Schools Jackson
High Schools Ida B Wells
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.youtube.com/watch?v=oDXHag4cLrg
