Skip main navigation
Active
  • $499,990

    21123 SE Morrison St, Gresham, OR 97030

    4beds
    1,972sqft
    : 
    $3,746/mo
    Get pre-qualified
    Multi Family
    Built in 1975
    -- sqft lot
    $-- Zestimate®
    $254/sqft
    $-- HOA

    What's special

    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.
    1 day
    |
    134
    |
    4
    |

    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#: 131990721MLS Logo

      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

        DateEventPrice
        8/3/2026Listed for sale$499,990$254/sqft
        Source: RMLS (OR) #131990721 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: North Central

        Getting around

        45 / 100
        Car-Dependent
        46 / 100
        Some Transit
        61 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes