Listing provided courtesy of Keller Williams Realty Portland PremiereMLS# 258555663MLS ProviderContact Information: 503-709-4632
  • 153 days on site
  • 4 views

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.

Source: Regional MLS, MLS#: 258555663

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  • Property Type
    Residential Income
  • Lot
    0.17 acres

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LINDA ROSSI

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  • Median Age
    41
  • Population Density
    3,599
  • College Educated
    73%
  • Estimated Median Income
    $104,392
  • Estimated Total Home Owners
    12,811
  • Estimated Total Renters
    4,883
  • Owner / Renter Divide
    72% / 28%
  • Estimated Average Household Size
    2
  • Total Population
    43,274
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 8632 SW 21st AVE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/21/2026Source: Regional MLS Price Reduction
$4,368,900 -1.1%
2/9/2026Source: Regional MLS Price Reduction
$4,418,900 -6.0%
1/27/2026Source: Regional MLS Price Increase
$4,699,900 15.2%
1/27/2026Source: Regional MLS Added to Database
January 27, 2026