1823 SE Morrison St Portland, OR 97214
Buckman NeighborhoodHighlights
- Ductless Heating Or Cooling System
- Landscaped with Trees
- Controlled Entrance
- Cleveland High School Rated A-
- Laundry Facilities
- 4-minute walk to Colonel Summers Park
About This Home
As of December 2024This fully remodeled Victorian 4-plex in the Buckman neighborhood is an exceptional investment opportunity - with an outstanding 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.
Last Agent to Sell the Property
John L. Scott Portland Central Brokerage Email: neportland@johnlscott.com License #201209239
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,751
Year Built
- Built in 1905 | Remodeled
Lot Details
- 5,227 Sq Ft Lot
- Level Lot
- Landscaped with Trees
Home Design
- Composition Roof
- Wood Siding
- Concrete Perimeter Foundation
Interior Spaces
- 2,896 Sq Ft Home
- 2-Story Property
Unfinished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
Parking
- 2 Parking Spaces
- Paved Parking
- Controlled Entrance
Schools
- Buckman Elementary School
- Hosford Middle School
- Cleveland High School
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Gas Water Heater
- High Speed Internet
Listing and Financial Details
- Rent includes sewer, trashcollection, water
- Assessor Parcel Number R167955
Community Details
Overview
- 4 Units
- Buckman Subdivision
Amenities
- Common Area
- Laundry Facilities
Building Details
- Operating Expense $20,978
- Gross Income $83,139
- Net Operating Income $62,161
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/12/2024 12/12/24 | Sold | $890,000 | -1.0% | $307 / Sq Ft |
| 11/16/2024 11/16/24 | Off Market | $899,000 | -- | -- |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | Price Changed | $899,000 | -2.8% | $310 / Sq Ft |
| 08/28/2024 08/28/24 | Price Changed | $925,000 | -5.1% | $319 / Sq Ft |
| 07/24/2024 07/24/24 | Price Changed | $975,000 | -2.0% | $337 / Sq Ft |
| 06/10/2024 06/10/24 | For Sale | $995,000 | +37.4% | $344 / Sq Ft |
| 08/23/2019 08/23/19 | Sold | $724,000 | -3.5% | $250 / Sq Ft |
| 07/11/2019 07/11/19 | Pending | -- | -- | -- |
| 06/10/2019 06/10/19 | For Sale | $750,000 | -- | $259 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $9,751 | $367,990 | $0 | $0 |
| 2022 | $9,540 | $357,280 | $0 | $0 |
| 2021 | $9,379 | $346,880 | $0 | $0 |
| 2020 | $8,604 | $336,780 | $0 | $0 |
| 2019 | $8,288 | $326,980 | $0 | $0 |
| 2018 | $8,044 | $317,460 | $0 | $0 |
| 2017 | $7,710 | $308,220 | $0 | $0 |
| 2016 | $7,056 | $299,250 | $0 | $0 |
| 2015 | $6,870 | $290,540 | $0 | $0 |
| 2014 | $6,767 | $282,080 | $0 | $0 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $231,000 | New Conventional | |
| Closed | $231,000 | New Conventional | |
| Previous Owner | $425,000 | New Conventional | |
| Previous Owner | $333,700 | Purchase Money Mortgage | |
| Previous Owner | $264,252 | FHA | |
| Previous Owner | $267,797 | FHA | |
| Closed | $56,900 | No Value Available |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $890,000 | Lawyers Title | |
| Warranty Deed | $890,000 | Lawyers Title | |
| Warranty Deed | $724,000 | Wfg Title | |
| Warranty Deed | $434,000 | Fidelity Natl Title Co Of Or | |
| Warranty Deed | $273,000 | Fidelity National Title Co | |
| Deed | -- | First American Title Ins Co |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 24618193
APN: R167955
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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 Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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