$499,990

21123 SE Morrison St Gresham, OR 97030

Gresham Area

Estimated payment $3,203/month

4 Beds
4 Baths
1,972 Sq Ft
$254 Price per Sq Ft

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.

Listing Agent

Thomas Cardelli

Premiere Property Group, LLC License #201206909 Listed on: 08/03/2026

Premiere Property Group, LLC

Co-Listing Agent

Steven Wong

Premiere Property Group, LLC License #931000070

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,495

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1975
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Current Price For Status: 499990.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter, Slab
  • View: No
  • Lot Features: CornerLot, Level, PublicRoad, Trees
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Garage, OnStreet
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable,FiberOptics
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: North Gresham
  • High School: Gresham
  • Middle Or Junior School: Clear Creek

Lot Info

  • Zoning: R15
  • Parcel #: R113676

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5495.22
  • Tax Opportunity Zone: No

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 13.68
  • Annual Gross Income: 36540.0
  • Property Net Operating Income: 36540.0
  • Annual Operating Expense: 36540.0

Map

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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)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 131990721

Regional Multiple Listing Service (RMLS)
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