1823 SE MORRISON ST

Portland, OR 97214
Square Ft.
2,896
$925,000
This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an exceptional cap rate over 6.5. Every unit has been fully updated with newer kitchens, bathrooms, paint, and flooring. Fresh new external paint just completed. Full building repipe in 2019. Sizable unfinished attic withRead MoreRead Less
Listing courtesy of John L. Scott Portland Central.
Listing Snapshot
Days Online
129
Last Updated
Square Ft.
2,896
Lot Size
0.12 Acres
Year Built
1905
MLS Number
24618193
30 Days Snapshot Of 97214
$
+1%
(avg) sold price
15
-11%
homes sold
41
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: ExteriorEntry, FullBasement, Unfinished
Building
Building Area Total: 2896, Built in 1905, Storage: Basement, IndividualStorageUnits, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
Community
Community Features: Commons, Laundry
Cooling
Cooling Equipped, Cooling: MiniSplit, WallUnit
Expenses
Operating Expense: $19,508
Exterior Features
Exterior Description: WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating Available, Heating: Ductless
Income
CAP Rate: 6.53, Gross Income: $79,881, Gross Rent Multiplier: 11.58, Gross Scheduled Income: $79,213, Net Operating Income: $60,372
Lot
Features: Level, PublicRoad, Trees, Size Acres: 0.12, Size Range: SqFt5000to6999, Size Square Feet: 5,227, Size: 5,000 to 6,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, Leases, ProfitLossStatement, RentRecords
Parking
Features: Paved, 2 total parking spots
Property
Number Of Units Total: 4, Property Condition: UpdatedRemodeled, Zoning: RM2
Roof
Roof: Composition
Security Features
Features: Entry
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $9,751, Legal Description, Tax Year: 2023
Unit One
Actual Rent: $1,844, Area: 670, Features: HardwoodFloors, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,599, Area: 570, Features: HardwoodFloors, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,740, Area: 810, Features: HardwoodFloors, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Four
Actual Rent: $1,680, Area: 810, Features: HardwoodFloors, Range, Refrigerator, WindowCoverings, Units Total: 1, 1 total bathroom, 1 total bedroom
Utilities
Fuel Description: Electricity, Hot Water Description: Gas, Internet Service Type: Cable, Water Source: PublicWater
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Erika George and Kari McGee
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.