Portland, OR 97219,8632 SW 21st AVE
Portland, OR 97219,8632 SW 21st AVE
Portland, OR 97219,8632 SW 21st AVE
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Diana Lopez

Diana Lopez

+1(541) 905-8426
Listed by Keller Williams Realty Portland Premiere • 503-709-4632
$4,699,900
Est. payment /mo
9,970 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,970 sqft

Price per Sqft $471

Subdivision Markham

MLS Listing ID 258555663

Year Built 2026

Lot Size 7,405 Sqft

Property Description

New construction 11-unit condominium community located in Portland's desirable Markham neighborhood, offering investors a rare opportunity to acquire a modern, low-maintenance asset with immediate lease-up potential. All units are currently vacant and move-in ready, allowing for rapid tenant placement and quick income stabilization. Each well-designed unit ranges from approximately 905 to 908 square feet and features 2 bedrooms and 2.1 bathrooms, including dual en-suite bedrooms that support strong tenant demand and premium rents. The main living level offers an open great room layout anchored by a spacious kitchen island with eat bar, creating an efficient and highly rentable floor plan. Outdoor living is thoughtfully differentiated by building, with five units in the west building offering private decks off the living room slider, while six units in the east building include patio spaces accessed directly from the living room. Select street-facing units add further upside, including Unit 8610 #6 with a fenced yard space and Unit 8630 #1 featuring additional windows that enhance natural light throughout the home. Energy-efficient mini-split systems provide heating and cooling throughout, helping control operating costs, and all units include in-unit laundry located between the bedrooms. Built by a respected Street of Dreams builder known for high quality finishes and efficient use of space, this community benefits from durable construction and reduced near-term capital expenditure. The Markham location offers proximity to Gabriel Park, Multnomah Village shopping and dining, Barbur Boulevard transit access, and convenient routes to downtown Portland and major employment centers, supporting consistent rental demand. An ideal acquisition for investors seeking a turnkey, lease-ready asset with strong rentability, low maintenance, and long-term hold appeal 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

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

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Regional Multiple Listing Service (RMLS)

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Oak Creek Elementary School

    Public | KG - 5

  • 10

    Forest Hills Elementary School

    Public | KG - 5

  • 10

    Riverdale Grade School

    Public | PK - 8

  • 8

    Hayhurst Elementary School

    Public | KG - 5

  • 8

    Bridlemile Elementary School

    Public | KG - 5

  • 8

    Capitol Hill Elementary School

    Public | KG - 5

  • 7

    Maplewood Elementary School

    Public | KG - 5

  • 7

    Markham Elementary School

    Public | KG - 5

  • 7

    Stephenson Elementary School

    Public | KG - 5

  • 6

    Rieke Elementary School

    Public | KG - 5

  • 6

    Southwest Charter School

    Public | KG - 8

  • 0

    West Hills Montessori School-Vermont

    Private | PK - 5

  • 0

    St John Fisher

    Private | KG - 8

  • 0

    Child's View Montessori School

    Private | PK - 1

  • 0

    West Hills Montessori School-Lake Oswego

    Private | PK - KG

  • 0

    Islamic School of Portland

    Private | PK - 8

  • 0

    Sonshine Express Preschool

    Private | KG - KG

  • 0

    St Thomas More School

    Private | KG - 8

  • 0

    Touchstone School

    Private | KG - 6

  • 0

    International Leadership Academy

    Private | PK - 4

Middle Schools 3
  • 9

    Lake Oswego Junior High School

    Public | 6 - 8

  • 7

    Jackson Middle School

    Public | 6 - 8

  • 7

    Gray Middle School

    Public | 6 - 8

High Schools 3
  • 9

    Riverdale High School

    Public | 9 - 12

  • 8

    Lake Oswego High School

    Public | 9 - 12

  • 7

    Wilson High School

    Public | 9 - 12

School and business data provided by Attom Data.
Diana Lopez
Diana Lopez

Agent | License ID: 201257405|REALTY OF AMERICA

+1(541) 905-8426 | dianalopez.homes@outlook.com

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