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21123 SE Morrison St, Gresham, OR 97030

  • $499,990

  • bed

  • bath

  • 1,972

    Sqft ($254/Sqft)

Multi-family for sale 2 hours
Movoto is helping 15 homebuyers near you

About 21123 SE Morrison St

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Parking 1 garage spaces
Rental estimate
Property description
Turnkey Investment Opportunity – Tenant OccupiedDon’t miss this excellent opportunity to add a well-maintained, income-producing property to your investment portfolio. Located in a convenient Gresham neighborhood, this split-level home is currently tenant occupied with established residents who would like to remain, offering the potential for immediate rental income and a seamless transition for the next owner.The home features 2 comfortable bedrooms and 1.5 bathrooms, providing a functional layout that appeals to a variety of tenants. The split-level design creates separate living spaces, offering flexibility and a sense of privacy while maximizing the home’s square footage. A spacious living area welcomes natural light, creating a warm and inviting atmosphere.Outside, you’ll find a generous backyard with plenty of room for outdoor entertaining, gardening, recreation, or future enhancements, making it an attractive feature for long-term renters. The attached garage provides secure parking and additional storage space, adding everyday convenience and value.Conveniently located near shopping, dining, schools, parks, public transportation, and major commuter routes, this property is well positioned in an area with strong, consistent rental demand. Whether you’re expanding your investment portfolio or purchasing your first rental property, this home offers immediate income potential along with long-term appreciation opportunities. This is an outstanding opportunity to acquire a property with strong investment appeal in a desirable Gresham location.No showings. Once accepted offer received will be contingent on interior inspection. Please do not disturb the tenants.
Listed by
Listing Agent - Thomas Cardelli
Listing Office - Premiere Property Group, LLC
Source: RMLS mls logo
MLS#131990721 • last updated 9 hours ago
Movoto checked RMLS for data 7 minutes ago
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Overview
Heating Baseboard
MLS # 131990721
Type Multi Family
Status Active
Property Tax 5495.22
Year Built 1975
Exterior
Roof Composition
# Parking Spaces 2
# Garage Spaces 1
Exterior Features T-111 Siding
Lot Desc CornerLot, Level, PublicRoad, Trees
Amenities / Utilities
Hot Water Electricity
Sewer/ Septic Public Sewer
Water Source Public Water
Location
County Multnomah
Area 144 - Gresham, Sandy, Troutdale, Corbett
Elementary School North Gresham
Middle School Clear Creek
High School Gresham
Zoning R15
Directions Stark Or Burnside To 212th To Morrison St.
APN R113676
Multifamily Details
Unit Type 1: # Bedrooms 2
Unit Type 1 : Total Baths 2
Unit Type 2: # Bedrooms 2
Unit Type 2: Total Baths 2
Unit Type 1: Rent 1495
Unit Type 2: Rent 1550
Total # of Units 2
Gross Rent Multiplier 13.68
Net Operating Income 36540
Operating Expense 36540
Gross Income 36540
Cap Rate 7.31
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around North Central Gresham

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Walk
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Dining
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  • Real Estate
  • OR
  • Multnomah County
  • Gresham
  • 97030
  • North Central Gresham
  • 21123 SE Morrison St

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