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.
Active
$499,990
21121 SE Morrison St, Gresham, OR 97030
4beds
1,972sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$254/sqft
$-- HOA
What's special
Split-level designNatural light
- 65 days
- 250
- 23
Zillow last checked:
Listing updated:
Listed by:
Thomas Cardelli 503-519-3702,
Premiere Property Group, LLC,
Steven Wong 503-330-0230,
Premiere Property Group, LLC
Source: RMLS (OR),MLS#: 131990721
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- Partial bathrooms: 2
Heating
- Baseboard
Appliances
- Included: Dishwasher, Range, Refrigerator, Electric Water Heater
- Laundry: Washer Dryer Hookup
Features
- Basement: Full
Interior area
- Total structure area: 1,972
- Total interior livable area: 1,972 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage, On Street
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 2
Lot
- Features: Corner Lot, Level, Trees, SqFt 7000 to 9999
Details
- Parcel number: R113676
- Zoning: R15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- T111 Siding
- Foundation: Concrete Perimeter, Slab
- Roof: Composition
Condition
- Approximately
- Year built: 1975
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected
Community & HOA
HOA
- Has HOA: No
Location
- Region: Gresham
Financial & listing details
- Price per square foot: $254/sqft
- Annual tax amount: $5,495
- Date on market: 8/3/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
- Total actual rent: 3045
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Listed for sale | $499,990+185.7%$254/sqft |
Source: | ||
| 6/19/2012 | Sold | $175,000-25.5%$89/sqft |
Source: | ||
| 7/10/2010 | Listing removed | $235,000$119/sqft |
Source: Realty Trust Group, Inc. #9065246 Report a problem | ||
| 8/23/2009 | Listed for sale | $235,000$119/sqft |
Source: Realty Trust Group, Inc. #9065246 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North Central
Nearby schools
Schools provided by the listing agent
- Elementary: North Gresham
- Middle: Clear Creek
- High: Gresham
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







