1823 Southeast Morrison Street

Portland, OR 97214

$925,000
Price
—
Beds
2,896 Sq. Ft.
$319 / Sq. Ft.
2,896
Sq. Ft.
$319
per Sq. Ft.
a front view of a house with a yard
a view of a house with a yard
a front view of a house with a yard
a front view of a house with a garden
a view of backyard of the house
an empty room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of a room with wooden floor and a window
a living room with a fireplace and a table
a view of a livingroom with wooden floor and closet
a view of a livingroom with wooden floor and a window
a room with wooden floor and windows
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a view of an empty room and window
a view of an empty room with window
a view of an empty room with wooden floor
a view of an empty room with a window
a kitchen with stainless steel appliances granite countertop a refrigerator and a stove
a view of a kitchen with white cabinets
a kitchen with a sink and a window
a view of a kitchen from the hallway
a kitchen with a sink and a window
a kitchen with a sink and wooden floor
a kitchen with wooden cabinets and a stove top oven
a kitchen with a sink a refrigerator and cabinets
a kitchen with stainless steel appliances granite countertop a refrigerator and a window
a kitchen with granite countertop a refrigerator and a stove top oven
a kitchen with a stove a refrigerator and a window
a bathroom with a sink a toilet and shower
a bathroom with a sink a mirror and a shower
a bathroom with a sink a toilet and shower
a bathroom with a sink a toilet and shower
a bathroom with a toilet sink and mirror
a view of a house with a yard and sitting area
a view of a lake with a house in the background
a backyard of a house with table and chairs
a view of a house with a yard
a view of deck and utility room
a view of backyard with plants
an aerial view of a house with a yard
a view of a city
an aerial view of residential houses with outdoor space and trees
a view of a city
a view of city and mountain
a front view of a house with a yard

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,...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.

Property Details for 1823 Southeast Morrison Street

Subdivision
BUCKMAN
Parking Features
Paved
Zoning
RM2
Parking Total
2.00
LISTING UPDATED: 09/09/2024 12:29 PM

Property Details for 1823 Southeast Morrison Street

StatusActive
MLS #24618193
Days on Market131
Taxes$9,751 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1905
Lot Size0.12 AC / 5,227 SF
CountyMultnomah County

Building Information for 1823 Southeast Morrison Street

Stories2Residences4Year Built1905Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 1823 Southeast Morrison Street

Summary
Location and General Information
  • Country: US
  • Directions: SE Belmont and 18th
  • Road Surface: Paved
School Information
  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $9,751.25
  • Parcel Number: R167955
  • Tax Legal Description: GARRISON'S SUB, BLOCK 9, W 1/2 OF LOT 5&6
Property
Lot Information
  • Acres: 0.12
  • Lot Description: Level, Public Road, Trees
  • Lot Size Square Feet: 5227.0
  • Lot Size Range: Sq Ft5000to6999
  • Lot Size: 5,000 to 6,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1905
Utilities
  • Cooling Description: Mini Split, Wall Unit
  • Fuel Description: Electricity
  • Heating Description: Ductless
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Exterior Entry, Full Basement, Unfinished
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Gross Income Actual: $79,881.00
  • Gross Income Projected: $79,213.00
  • Gross Rent Multiplier: $11.58
  • Investor Information: Annual Property Operation Data, Leases, Profit Loss Statement, Rent Records
  • Net Income Actual: $60,372.00
  • Operating Expense: $19,508.00
  • Security Features: Entry
  • Storage: Basement, Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • Common Amenities: Commons, Laundry
  • SqFt Approximate Building Total: 2896
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Hardwood Floors, Range, Refrigerator, Window Coverings
  • Unit Type 1 Rent: $1,844
  • Unit Type 1 SqFt: 670.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Hardwood Floors, Range, Refrigerator, Window Coverings
  • Unit Type 2 Rent: $1,599
  • Unit Type 2 SqFt: 570.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Beds Total: 1
  • Unit Type 3 Features: Hardwood Floors, Range, Refrigerator, Window Coverings
  • Unit Type 3 Rent: $1,740
  • Unit Type 3 SqFt: 810.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Features: Hardwood Floors, Range, Refrigerator, Window Coverings
  • Unit Type 4 Rent: $1,680
  • Unit Type 4 SqFt: 810
  • Unit Type 4 UnitsTotal: 1

Property History for 1823 Southeast Morrison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1823 Southeast Morrison Street

Taxable ValueLand-Additions-Total-
Tax Record2023$9,751 ($813 / month)
Home Facts
Baths4Total Finished SqFt2,896 SqFtAbove Grade Finished SqFt2,896 SqFtUnfinished Basement SqFt1,209 SqFtStories2Lot Size5,000 SqFtStyleQuadraplexYear Built1905ZoningR1CountyMULTNOMAHAPN1S1E02AB 09500

Schools near 1823 Southeast Morrison Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Buckman Elementary School
Public - K to 5
Hosford Middle School
Public - 6 to 8
Cleveland High School
Public - 9 to 12
Le Monde French Immersion Public Charter School
Charter - K to 8
Rating
School
Distance
Buckman Elementary School
PublicK to 5

Hosford Middle School
Public6 to 8

Cleveland High School
Public9 to 12

Le Monde French Immersion Public Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Buckman

Neighborhoods

Cities

ZIPs

More information about 1823 Southeast Morrison Street, Portland, OR 97214

1823 Southeast Morrison Street is a multi-family home for sale in Portland, OR 97214. This property was listed for sale on June 9, 2024 by John L. Scott Portland Central, it's currently listed at $925,000. It has been on the market for a total of 131 days and was last sold on July 23, 2019. This listing's school district is Portland School District 1j. Nearby schools include Buckman Elementary School, Hosford Middle School and Cleveland High School. 1823 Southeast Morrison Street is a 0-bed, 0-bath, 2,896 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott Portland Central

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 09/09/2024 12:29 PM