21123 SE Morrison St Gresham, OR 97030
North Central NeighborhoodEstimated payment $3,281/month
Highlights
- Corner Lot
- Landscaped with Trees
- 1 Car Garage
- No HOA
- Baseboard Heating
- High Speed Internet
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,495
Year Built
- Built in 1975
Lot Details
- Corner Lot
- Level Lot
- Landscaped with Trees
Parking
- 1 Car Garage
- On-Street Parking
Home Design
- Slab Foundation
- Composition Roof
- Plywood Siding Panel T1-11
- Concrete Perimeter Foundation
Interior Spaces
- 1,972 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Schools
- North Gresham Elementary School
- Clear Creek Middle School
- Gresham High School
Utilities
- No Cooling
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number R113676
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- Operating Expense $36,540
- Gross Income $36,540
- Net Operating Income $36,540
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/03/2026 08/03/26 | For Sale | $499,990 | -- | $254 / Sq Ft |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 131990721
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Ask me questions while you tour the home.