2430 SE MORRISON ST

Portland, OR 97214
Square Ft.
2,582
$699,000
This investment property has proven cash flow, low vacancy, and great long-term potential with its RM2 zoning - allowing for much higher density. Each unit features a total of 1,291 sf of gross building area. Each unit features 2 bedrooms and 1 bath, unfinished basement is also 1,291 sq ftRead MoreRead Less
Listing courtesy of Real Broker.
Listing Snapshot
Days Online
27
Last Updated
Square Ft.
2,582
Lot Size
0.11 Acres
Year Built
1909
MLS Number
349954230
30 Days Snapshot Of 97214
$735k
+13%
(avg) sold price
16
-23%
homes sold
19
-54%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: FullBasement, Unfinished
Building
Building Area Total: 2582, Built in 1909, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2
Cooling
Cooling: None
Expenses
Operating Expense: $12,297
Exterior Features
Exterior Description: Other, WoodSiding
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: ForcedAir
Income
CAP Rate: 4.94, Gross Income: $46,800, Gross Rent Multiplier: 14.94, Net Operating Income: $34,503
Lot
Features: Level, Size Acres: 0.11, Size Dimensions: 70x69, Size Range: SqFt3000to4999, Size Square Feet: 4,791, Size: 3,000 to 4,999 SqFt
Miscellaneous
Investor Information: Leases
Parking
Features: OffStreet, OnStreet, 2 total parking spots
Property
Number Of Units Total: 2, Zoning: RM2
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $7,864, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,845, Area: 1291, Features: Fireplace, Refrigerator, Storage, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $2,035, Area: 1291, Features: Fireplace, Refrigerator, Storage, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Gas, Hot Water Description: Gas, 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.