This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an outstanding 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.
Sold
$890,000
1823 SE Morrison St, Portland, OR 97214
4beds
2,896sqft
Multi Family
Built in 1905
-- sqft lot
$-- Zestimate®
$307/sqft
$4,085 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,085/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: December 13, 2024 at 06:18am
Listed by:
James Begg neportland@johnlscott.com,
John L. Scott Portland Central
Bought with:
Nancy Green Curran, 201111036
Green Realty LLC
Source: RMLS (OR),MLS#: 24618193
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Ductless
Cooling
- Wall Unit(s)
Appliances
- Included: Range, Refrigerator, Gas Water Heater
- Laundry: Common Area
Features
- Flooring: Hardwood
- Windows: Window Coverings
- Basement: Exterior Entry,Full,Unfinished,Storage Space
Interior area
- Total structure area: 2,896
- Total interior livable area: 2,896 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved
Features
- Stories: 2
Lot
- Size: 5,227 sqft
- Features: Level, Trees, SqFt 5000 to 6999
Details
- Parcel number: R167955
- Zoning: RM2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & neighborhood
Security
- Security features: Entry
Community
- Community features: Commons, Laundry
Location
- Region: Portland
- Subdivision: Buckman
HOA & financial
Other financial information
- Total actual rent: 6863
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2024 | Sold | $890,000-1%$307/sqft |
Source:  RMLS (OR) #24618193 Report a problem | ||
| 11/6/2024 | Pending sale | $899,000$310/sqft |
Source: RMLS (OR) #24618193 Report a problem | ||
| 10/28/2024 | Price change | $899,000-2.8%$310/sqft |
Source: RMLS (OR) #24618193 Report a problem | ||
| 8/27/2024 | Price change | $925,000-5.1%$319/sqft |
Source: RMLS (OR) #24618193 Report a problem | ||
| 7/23/2024 | Price change | $975,000-2%$337/sqft |
Source: RMLS (OR) #24618193 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,519 +3.7% | $390,390 +3% |
| 2024 | $10,141 +4% | $379,020 +3% |
| 2023 | $9,751 +2.2% | $367,990 +3% |
Find assessor info on the county website
Neighborhood: Buckman
Nearby schools
GreatSchools rating
- 8/10Buckman Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Hosford Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Buckman
- Middle: Hosford
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Multnomah County
- Portland
- 97214
- Buckman
- 1823 SE Morrison St