21121 SE MORRISON ST

Gresham, OR 97030

$499,990

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… Read MoreRead Less

Listing courtesy of Premiere Property Group, LLC.

Listing Snapshot

Days Online

Last Updated

Oct 18, 2026

Square Ft.

1,972

Year Built

1975

MLS Number

131990721

30 Days Snapshot Of 97030

$417k

-2%

(avg) sold price

homes sold

-18%

(avg) days on market

Snapshot

Area Map

Additional Details

Property Access

Road Surface Type: Paved

Basement

Basement: FullBasement

Building

Building Area Total: 1972, Built in 1975, Storage: Garage, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2

Disclosures

Disclosures: Disclosure

Expenses

Operating Expense: $36,540

Exterior Features

Exterior Description: T111Siding

Foundation

Foundation Details: ConcretePerimeter, Slab

Garage

Garage Spaces: 1

Heating

Heating: Baseboard

Income

CAP Rate: 7.31, Gross Income: $36,540, Gross Rent Multiplier: 13.68, Net Operating Income: $36,540

Lot

Features: CornerLot, Level, PublicRoad, Trees, Size Range: SqFt7000to9999, Size: 7,000 to 9,999 SqFt

Parking

Features: Garage, OnStreet, 2 total parking spots

Property

Number Of Units Total: 2, Property Condition: Approximately, Zoning: R15

Roof

Roof: Composition

Sewer

Sewer: PublicSewer

Taxes

Annual Amount: $5,495, Legal Description, Tax Year: 2025

Unit One

Actual Rent: $1,495, Area: 986, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 2 total bedroom

Unit Two

Actual Rent: $1,550, Area: 986, Features: Dishwasher, Range, Refrigerator, WasherDryerHookup, Units Total: 1, 2 total bathrooms, 2 total bedroom

Utilities

Fuel Description: Electricity, Hot Water Description: Electricity, Internet Service Type: Cable, FiberOptics, Water Source: PublicWater

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The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by brokerage firms other than eXp Realty, LLC are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

This content last updated on Oct 18, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
This content last updated on Oct 18, 2026. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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21121 SE MORRISON ST

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