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$2,325,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 8438 SE 21st Ave

General

  • Price: $2,325,000
  • Taxes: $21,191 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: RWMLS
  • MLS ID: 582033380
  • Updated: 9/14/2026
  • Added to Site: 25 day(s) ago

Rental Information

  • Rent Includes: None

Parking

  • Parking Features: On Street

Location

  • County: Multnomah
  • Subdivision: SELLWOOD-MORELAND
  • Driving Directions: Northeast corner of SE 21st Ave & SE Sherrett St

School Information

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

Community

  • Community Name: 143 - Portland Southeast

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Mini Split
  • Heating Type: Mini Split
  • Heating Fuel: Electricity

Utilities

  • Sewer: Public Sewer
  • Water: Public Water

Structural Information

  • Property Detached: Yes
  • Roof: Composition
  • Stories/Levels: 3
  • Square Feet: 2,189
  • Year Built: 2023

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Size (Sq. Ft.): 5,227
  • Lot Size: 5, 000 to 6, 999 SqFt
  • Lot Dimensions: 50 x 100
  • Frontage: Paved
  • Lot Features: Corner Lot, Level

Financial Considerations

  • Operating Expenses: $66,765
  • Tax Amount: $21,191.35
  • Tax Year: 2025
  • Terms: Call Listing Agent, Cash, Conventional, Owner Will Carry

Disclosures and Reports

  • Legal Description: SELLWOOD, BLOCK 106, LOT 10
  • Property ID: R268006

Listed by Knipe Realty ERA Powered (503) 445-7660, Daniel Silvey (503) 201-8537

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Listing agent

— 8438 SE 21st Ave —

  • Daniel Silvey

    Knipe Realty ERA Powered

    503-445-7660

503-201-8537

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

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NMLS#: 1598647

Get Pre-Approved

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 8438 SE 21st Ave

School District:Portland School District 1j
NameGradesDistance
Duniway Elementary School
7700 Southeast Reed College Place, Portland, OR 97202
K-50.8 mi
Sellwood Middle School
8300 Southeast 15th Avenue, Portland, OR 97202
6-80.4 mi
Cleveland High School, Portland, OR
3400 Southeast 26th Avenue, Portland, OR 97202
9-122.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8438 SE 21st Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/14/2026
Listed
$2,325,000
343.7%
MLS
6/10/2019
Sold
$524,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 8438 SE 21st Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,191
4%
$786,470
3%
2024
$20,429
75%
$763,568
73%
2023
$11,672
123%
$440,483
128%
2021
$5,230
-2%
$193,420
-3%
2022
$5,320
2%
$199,220
6%
2021
$5,230
13%
$187,790
3%
2019
$4,621
3%
$182,330
3%
2018
$4,485
4%
$177,020
3%
2017
$4,299
9%
$171,870
3%
2016
$3,934
3%
$166,870
3%
2015
$3,831
2%
$162,010
3%
2014
$3,773
2%
$157,300
3%
2013
$3,686
—
$152,720
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Knipe Realty ERA Powered (503) 445-7660, Daniel Silvey (503) 201-8537

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8438 SE 21st Ave, Portland, OR 97202 (MLS# 582033380) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 8438 SE 21st Ave is currently listed for $2,325,000 and was received on September 14, 2026. Want to learn more about 8438 SE 21st Ave? Do you have questions about finding other Multi-Family real estate for sale in Southeast Uplift? You can browse all Southeast Uplift real estate or contact a Coldwell Banker agent to request more information.

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