21123 SE MORRISON ST Gresham, OR $ 499,990
21123 SE MORRISON ST
$ 499,990
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21123 SE MORRISON ST

Gresham, OR, 97030
$ 499,990
Bedrooms4 Baths4.0 Sq 1,972

Monthly Estimate*

$ 3,157

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Multi-Family Home for sale in Gresham, OR

for $499,990 with 4 bedrooms and 4 full baths. This 1,972 square foot home was built in 1975.

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.

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Multi-Family Active

Price

$ 499,990

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,495

Style

Year Built

1975

Town/City

Gresham

County/Region

Multnomah

MLS | Web ID

131990721

Features
General
Sewer PublicSewer
Heating Baseboard
Roof Composition
Zoning R15
Garage Spaces 1.0
Year Built 1975
Stories Count 2
Tax Year 2025
Parcel Number R113676
Gross Income 36540.0
County Multnomah
Net Operating Income 36540.0
Operating Expense 36540.0
Property Type MultiFamily
HOA N
Rent Includes TrashCollection
Status Active
Directions Stark or Burnside to 212th to Morrison St.
High School Gresham
City Gresham
Disclosures Disclosure
Number Of Units Total 2
MLS Area _144
Listing Terms Cash Conventional FHA VALoan
Elementary School North Gresham
Tax Annual Amount 5495.22
Middle/Junior High School Clear Creek
Property Condition Approximately
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description BEECHAVEN BLOCK 4 LOT 14
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Interior
Basement FullBasement
Storage Garage
Hot Water Electricity
Unit 1 Baths Total 2
Unit 1 Beds Total 2
Unit 2 Baths Total 2
Unit 2 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2
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Exterior
Parking Features Garage OnStreet
Lot Features CornerLot Level PublicRoad Trees
Water Source PublicWater
Total Parking 2.0
Exterior Description T111Siding
Foundation Details ConcretePerimeter Slab
Building Area Total 1972.0
Road Surface Type Paved
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Internal Only
Street Number 1 21123
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* Excluded Features
List By
Premiere Property Group, Llc

Broker

cardelli.tj@gmail.com

Email

Affordability Calculator

$3,615
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,157
Monthly Property Taxes
$458
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1951223 Elementary School
1949905 Middle School
Gresham High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$499,990 Listed Price

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21123 SE MORRISON ST, Gresham, OR, 97030 is a Multi-Family Home for sale at $499,990 with 1,972 sqft. 21123 SE MORRISON ST has 4 bedrooms, 4.0 baths, and was built in 1975. The property's zip code is 97030 which is in Gresham, OR