Investor opportunity in hot SE location just one block north of Belmont. Quiet neighborhood, located on a quiet residential street, close to all that Belmont has to offer. Excellent rental history, updated unites w/ hardwood floors, off-street parking for each unit, shared laundry room, storage, access to private outdoor space for each unit, Excellent investor opportunity.
Off market
$801,400
3129 SE Morrison St, Portland, OR 97214
5beds
0baths
1,840sqft
MultiFamily
Built in 1964
-- sqft lot
$801,400 Zestimate®
$436/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 0
Heating
- Electric
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Individual Storage Units
- Flooring: Hardwood
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,840 sqft
Property
Features
- Exterior features: Wood
Lot
- Features: Level
Details
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 4100
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- FoundationDetails: Concrete Perimeter
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected
- Flooring: Hardwood
- Heating: Zoned
- NumberOfUnitsTotal: 3
- ConstructionMaterials: Wood Siding
- Roof: Composition
- LotFeatures: Level
- LeaseTerm: Month To Month
- Basement: Crawl Space
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
- OpenParkingYN: true
- PropertyCondition: Updated/Remodeled
- Zoning: R2.5
- LaundryFeatures: Common Area
- ParkingFeatures: Paved, Open
- TotalActualRent: 4100
- CapRate: 5.26
- GrossIncome: 49200
- OperatingExpense: 8430
- CoListAgentFullName: Todd Winslow
- CoListAgentEmail: toddw@equitygroup.com
- MlsStatus: Pending
- InteriorFeatures: Individual Storage Units
- GrossScheduledIncome: 53200
- NetOperatingIncome: 40770
- Road surface type: Paved
Services availability
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$801,400