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8438 SE 21st Ave, Portland, OR 97202

$2,325,000

19 Photos

Property Description

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.

8438 SE 21st Ave | MLS# 582033380

This multi-family property located at 8438 SE 21st Ave, Portland, OR 97202 is currently listed for sale with an asking price of $2,325,000. Search Portland real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Mini Split
Lot Size: 0.11 Acres
Roof Type: Composition
Stories: 3.0
Taxes: $21,191
Year Built: 2023
Square Feet: 2,189

Units

Unit Type 1:
Bathroom(s): 1
Features: Dishwasher, Disposal, WasherDryer, WindowCoverings
Rent: $1415.00
Square Footage: 445
Total Units: 2
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Dishwasher, Disposal, WasherDryer, WindowCoverings
Rent: $1667.00
Square Footage: 758
Total Units: 3
Unit Type 3:
Bathroom(s): 2
Bedrooms: 2
Features: Dishwasher, Disposal, WasherDryer, WindowCoverings
Rent: $2330.00
Square Footage: 1008
Total Units: 3

Feature Descriptions

Days on Site: 35
Exterior: Cement Siding
Gross Income: $183418.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level
Lot Dimensions: 50 x 100
Net Income: $116652.00 (Actual)
Operating Expenses: $66765.00 (Actual)
Parking: OnStreet
Parking Notes: OnStreet
Sewer: Public Sewer
Special View Info: Park/Greenbelt
Units: 8
Water: Public Water

Local Schools

High School: Cleveland
Middle School: Sellwood
Elementary School: Duniway

Listed By / Shown By

Listed By

Agency Name: Knipe Realty ERA Powered
Agency Contact: 503-201-8537

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 14,200.51 per month $11,756.47 Principal & Interest $1,765.92 Property Tax $678.13 Homeowner's Insurance

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