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34581289
34581290

8632 Southwest 21st Avenue, Portland, OR 97219 For Sale

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere
$3,998,900
0 days on market
Updated 0 days ago

The Markham Eleven | 11-Unit New Construction Offering

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 9,970
Net Rentable (SqFt) 9,970
Units 11
Tenancy Vacant
Pro-Forma Cap Rate 6.1%
Pro-Forma NOI $244,068
Class A
Year Built 2026
Buildings 2
Acreage 0.170
Zoning RM1
Investment Type Value Add
Sale Condition N/A

11 Unit New Construction Offering in Markham Developed by Street of Dreams Builder

Marketing description

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.

Investment highlights

• Entire 11 home new construction townhome community offered together

• Kitchens feature spacious islands with eat bars, solid surface countertops, stainless steel appliances, pantries, and generous cabinetry

• Dual ensuite bedrooms provide each bedroom with a private bathroom

• In unit laundry is conveniently positioned between the upstairs bedrooms

• Efficient mini splits provide year round heating and cooling

• Bright great room layouts with tall ceilings and flexible living and dining areas

• Five homes in the west building feature private decks accessed from the living rooms

• Six homes in the east building feature private patios accessed from the living rooms

• Built by a trusted Pacific Northwest Street of Dreams builder with over 20 years of experience

• Purposeful design, precision craftsmanship, and durable modern finishes throughout

• Convenient Southwest Portland location near Gabriel Park, Multnomah Village, Barbur Boulevard, I5 access, and downtown Portland

Listing Contacts

DB
199910100, 25965 (+3)
Keller Williams Realty Portland Premiere
Keller Williams Realty Portland Premiere
Listed by Keller Williams Realty Portland Premiere

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