8632 Sw 21st Ave, Portland, OR

$4,028,900

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9,970

Square feet

0.17

Acres

About 8632 Sw 21st Ave

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.

Features of 8632 Sw 21st Ave

MLS® # 258555663
Price $4,028,900
Bathrooms 0.00
Square Footage 9,970
Acres 0.17
Year Built 2026
Type Multi Family
Status Active

Community Information

Address 8632 Sw 21st Ave
Area 148 - Portland NW/ SW/ S, Raleigh Hills
Subdivision MARKHAM
City Portland
County Multnomah
State OR
Zip Code 97219

Amenities

Parking On Street
View Trees/Woods
Is Waterfront No
Has Pool No

Interior

Heating Mini Split
Cooling Heat Pump, Mini Split
Fireplace No
# of Stories 2
Basement Crawl Space

Exterior

Exterior Board & Batten Siding, Cement Siding, Lap Siding, Panel
Lot Description Gentle Sloping
Roof Composition
Foundation Concrete Perimeter, Stem Wall

School Information

Elementary Capitol Hill
Middle Jackson
High Ida B Wells

Additional Information

Date Listed January 26th, 2026
Days on Market 237
Zoning RM1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Portland Premiere
Contact Info503-709-4632

Listing Map

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