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$930,000
389001689 MLS
Exceptional Sellwood/Moreland 5-Plex with Rare Development Potential. An incredible opportunity in one of Portland’s most desirable rental markets. This well-maintained, income-producing 5-plex sits on an oversized RM1-zoned lot, offering multiple paths for both immediate and long-term upside. The unfinished basement offers a strong value-add opportunity, with a layout well-suited for conversion into a 6th dwelling unit (buyer to verify), potentially increasing annual income by more than 20%. The spacious lot and RM1 zoning open the door to future redevelopment, with potential to add up to 10 new units under current code (buyer to verify). Investors and developers alike will appreciate the rare combination of strong in-place income and significant expansion potential within this high-demand, walkable neighborhood. Recent exterior upgrades include fresh paint (August 2025) reinforced fire escapes, low-maintenance landscaping, featuring open grassy areas and outdoor spaces enjoyed by tenants. Close to parks, schools, boutique shops, and public transit, this property stands out as a prime candidate for portfolio growth or redevelopment in the heart of Sellwood/Moreland. Please do not disturb tenants. All offers subject to interior inspection.

8410 SE 21ST AVE, Portland
$425,000
2 Beds ⋅ 1 Baths ⋅ 186693492 MLS
Motivated Seller! Charming mid-century home in the heart of Sellwood-Moreland neighborhood which is one of Portland’s most beloved and walkable neighborhoods. Nestled on a quiet street just blocks from shops, cafes, parks, and the Springwater Corridor, this 1954 one level residence offers a rare opportunity to live in a vibrant, community-focused area. Inside, you'll find a bright and efficient layout with hardwood floors, fireplace, a full bath, and a cozy living space. The unfinished basement includes a bonus nonconforming room—perfect for a creative studio, home office, or potential future living space.* With RM2 zoning and separate access possibilities, buyers may explore options to finish the basement and create additional income-generating space or multigenerational living (buyer to verify with city).The 5,000 sq ft lot offers room to garden, entertain, or expand. Whether you're a first-time buyer, investor, or someone looking to personalize a home in a prime location, this property offers flexibility, charm, and long-term value.*Any use of the nonconforming room as a legal bedroom or rental unit is subject to city approval. Buyers are encouraged to perform due diligence with the City of Portland regarding zoning and permitting requirements.

5326 SE 18TH AVE, Portland
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