1823 SE MORRISON ST Active Save Request In-Person Tour Request Virtual Tour
Portland,OR 97214
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,896 sqft
Price per Sqft $319
Subdivision Buckman
MLS Listing ID 24618193
Year Built 1905
Annual Tax Amount $9,751
Tax Year 2023
Lot Size 5,227 Sqft
Property Description
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 with good head height, and unfinished basement with separate entry, storage units and community laundry facilities. Floor plans vary. Common area backyard with fire pit, and off-street parking for two vehicles. Fully tenanted, and rents at market rate. Well located close to Belmont, Hawthorne and Public transit. Motivated seller - this is exceptional value in a perfect location. Walk Score 94 Bike Score 96.
Location
State OR
County Multnomah
Community Commons,Laundry
Area _143
Zoning RM2
Interior
Heating Ductless
Cooling Mini Split, Wall Unit
Exterior
Community Features Commons,Laundry
Roof Type Composition
Building
Lot Description Level, Public Road, Trees
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Buckman
Middle Schools Hosford
High Schools Cleveland
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional