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2320 SE MORRISON ST

Portland, OR 97214
Active
Multifamily
Property Photo
$1,295,000
Updated triplex in the heart of Belmont District. Only steps to dining, shopping, coffee and transit line. Open spacious units in good condition with bright clean finishes and wood floors. Long term tenants with low vacancy. Professionally managed at market rates.
Listing courtesy of District Real Estate, LLC.
Listing Snapshot
Days Online
14
Last Updated
Lot Size
0.05 Acres
Year Built
1928
MLS Number
657152545
30 Days Snapshot Of 97214
$783k
0%
(avg) sold price
20
+25%
homes sold
19
-51%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Surface Type: Paved
Basement
Basement: None
Building
Built in 1928, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Disclosures
Disclosures: Disclosure
Expenses
Operating Expense: $23,137
Exterior Features
Exterior Description: Panel
Foundation
Foundation Details: ConcretePerimeter
Heating
Heating: Other
Income
CAP Rate: 3.39, Gross Income: $67,020, Gross Rent Multiplier: 19.32, Net Operating Income: $43,883
Lot
Size Acres: 0.05, Size Range: SqFt0Kto2999, Size Square Feet: 2,178, Size: 0K to 2,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, Leases, ProfitLossStatement, RentRecords
Parking
Features: OnStreet
Property
Number Of Units Total: 3, Property Condition: UpdatedRemodeled, Zoning: RM2
Roof
Roof: Composition
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $11,105, Legal Description, Tax Year: 2025
Unit One
Actual Rent: $1,795, Area: 1100, Features: Dishwasher, HardwoodFloors, Refrigerator, Unfurnished, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,795, Area: 1100, Features: Dishwasher, HardwoodFloors, Refrigerator, Unfurnished, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,995, Area: 900, Features: Dishwasher, HardwoodFloors, Refrigerator, Unfurnished, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Water Source: PublicWater
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Erika George and Kari McGee
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Schools In The Area

Check out nearby schools with ratings and contact info.
Sunnyside Environmental School 503-916-6226 Public KG-8
Franklin High School 503-916-5140 Public 9-12
Sunnyside Environmental School 503-916-6226 Public KG-8
Sunnyside Environmental School 503-916-6226 Public KG-8
Sunnyside Environmental School 503-916-6226 Public KG-8
Franklin High School 503-916-5140 Public 9-12

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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.