tomo logo

$925,000

Beds
4
sq ft
2,896

1823 SE Morrison St, Portland, OR 97214

1823 SE Morrison St

Portland, OR 97214

  • 119 days on market
    • Price drop $50,000↓
This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an exceptional cap rate over 6.5. Every unit has been fully updated with newer kitchens, bathrooms, paint, and flooring. Fresh new external paint just completed. Full building repipe in 2019. Sizable unfinished attic with good head height, and unfinished basement with separate entry, storage units and community laundry facilities. Floor plans vary. Common area backyard with fire pit, and off-street parking for two vehicles. Fully tenanted, and rents at market rate. Well located close to Belmont, Hawthorne and Public transit. Motivated seller - this is exceptional value in a perfect location. Walk Score 94 Bike Score 96.

Details

Property type

Est. home value

$819,427

Property condition

Updated/Remodeled

Lot size

5,227 sq ft

Price per sq ft

$320

Year built

1905

Annual property taxes

$9,751.25

Price History

08/28/2024
PortlandOR

PortlandOR #24618193

Price change
$925,000
-5.13%
08/06/2024
PortlandOR

PortlandOR #24618193

Listed
$975,000
08/02/2024
PortlandOR

PortlandOR #24618193

Removed
$975,000

Schools & Community

Neighborhood: 

Buckman

Elementary school: 

Buckman

Middle school: 

Hosford

High school: 

Cleveland

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Advancial Fcu

Loan start date

July 2021

Original loan amount

$425,000

Est. remaining balance

Not provided

Interest rate

6.62%

Loan type

New Conventional, 15 year

Seller

Port Carling Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 10/05/2024 at 7:40 PM

Listing updated: 09/09/2024 at 8:30 PM

Listed by: James Begg, John L. Scott Portland Central Phone #: (503) 230-8600

MLS: PortlandOR #24618193

PortlandOR logo

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