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About this home
Updated triplex in the heart of Belmont District. Only steps to dining, shopping, coffee and transit line. Open spacious units in good condition with bright clean finishes and wood floors. Long term tenants with low vacancy. Professionally managed at market rates.
Multi-familyProperty Type
1928Year Built
2,178 sq ftLot Size
Listed by Kristen Riggs• District Real Estate, LLC
Buckman, located between the Willamette River and Mt. Tabor, is a historic and artsy Portland neighborhood with a warehouse-to-loft streetscape and a café-lined grid. The neighborhood’s character concentrates around SE 28th Avenue and SE Burnside Street, where espresso bars, indie boutiques, and late-night bites keep sidewalks busy. Powell’s Books on Hawthorne anchors browsing culture, while Revolution Hall pairs concerts with rooftop views in a former high school. The Doug Fir Lounge adds a woodsy stage-and-bar scene near the Central Eastside edge. Early-1900s bungalows and brick walk-ups mix with converted industrial buildings. Bike lanes and frequent bus lines stitch together parks, patios, and corner markets.
Provided by Walk Score and Local Logic
Offer insights
2320 SE Morrison St · $1,095,000
$1.08M and above
75% chance or better to win
Why $1.08M+ is a strong offer
DAYS ON MARKET
137 days
The average home goes pending in 60 days.
SALE-TO-LIST
97.7%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Updated/remodeled multi-family property
Hardwood floors throughout units
Unfurnished units
Bedrooms
Three 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Each unit includes a dishwasher
Each unit includes a refrigerator
Laundry & utility
Maintenance of grounds included in rent
Flooring
Hardwood floors
Heating & cooling
Electric fuel
Heating system listed as other
No built-in cooling
Exterior features
Panel exterior
Composition roof
Paved road access
Home design
Multi-family building
Not attached to another property
Built in 1928
Concrete perimeter foundation
No notable view
Zoned RM2
Address: 2320 SE Morrison St, Portland, OR 97214
Parking
On-street parking
Construction
Composition roof
Panel exterior
Concrete perimeter foundation
Built in 1928
Utilities
Public water
Public sewer
Electric service
No green certification
Financial info
Three total units
Unit rents: two units at $1,795 and one unit at $1,995
Gross rent multiplier 16.34
Cap rate 4.01
Other
Lot approximately 0.05 acres (about 2,178 sq ft)
Electricity and solar
View estimated energy costs and solar savings for this home
The RM2 zone is a medium-scale multi-dwelling zone that is generally applied in and around a variety of centers and corridors that are well-served by transit. Allowed housing is characterized by buildings of up to three or four stories with a higher percentage of building coverage than in the RM1 zone, while still providing opportunities for landscaping and outdoor spaces that integrate with residential neighborhood characteristics. The major types of new housing development will be a diverse range of multi-dwelling structures and other compact housing that contribute to the intended urban scale of centers and corridors, while providing transitions in scale and characteristics to lower-scale residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jul 21, 2008 • Final
Electrical
Install temporary electrical power service.
Electrical
Jul 18, 2008 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97214
Average low and high temperatures (°F)
47
37
50
38
57
44
65
46
71
50
77
55
83
59
83
63
77
58
63
49
53
44
51
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.9 hrs
3.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2320 SE Morrison St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $440,000 and $1,250,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $440K to $1.3M.