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    2430 SE Morrison St Portland, OR 97214

    New
    For Sale
    $699,000

    MULTI_FAMILY - Portland, OR

    Property size:
    2,582 SF
    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 9:06 pm

    Property Features for 2430 SE Morrison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM2
    Rooms
    Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2
    Bedrooms
    4
    APN
    R287793
    Size
    2,582 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1909
    Floors in Building
    2
    Number of units
    2
    Roof type
    Composition

    Real Broker, LLC (855) 450-0442 [email protected]

    Listing agent Joey McNamara (855) 450-0442

    Listing date Dec 3, 2025

    MLS# 349954230 Listing URL

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Multifamily with RM2 Zoning

    This multifamily investment property, located in Portland, Oregon, features RM2 zoning, allowing for higher density. Each unit has 2 bedrooms and 1 bath within 1,291 square feet of gross building area. An unfinished 1,291-square-foot basement with high ceilings provides storage space. A washer and dryer in the basement are included in the sale. The property includes two off-street parking spaces and a private side yard suitable for entertaining, gardening, or relaxing. Situated in the Buckman neighborhood, the location offers convenient access to shopping, transportation, dining, and nightlife. The property has a walk score of 89 and a bike score of 88, indicating walkability and bike-friendliness. The lot size is 0.11 acres, and the total property size is 2,582 square feet. The property has proven cash flow, low vacancy, and great long-term potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Realty agency Dental Office Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.640777
    Latitude
    45.516831

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    FAQs

    What type of property is this?
    Duplex - Investment property with cash flow potential in Buckman neighborhood.
    Where is this duplex located?
    The property is located at 2430 SE Morrison St Portland, OR.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Proven cash flow and low vacancy make this an attractive investment property.; - RM2 zoning allows for higher density development, offering significant long-term potential.; - Prime Buckman neighborhood location provides easy access to shopping, transportation, dining, and nightlife.
    (855) 450-0442
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    2430 SE Morrison St Portland, OR 97214
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    Portland, OR 97214
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2430 SE Morrison St Portland, OR 97214
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