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Four-Unit Multifamily Property
For Sale
$1,445,000

2416 Southeast Morrison Street, Portland, OR 97214

Built in 2017 with a full basement and composition, cement, and wood siding.

Property Size624 SF
Price / SF$2,315
Days on Market152

Property Features for 2416 Southeast Morrison Street

General Information

Standard status Active
Size 624 SF
Property subtype Multi Family
Zoning R1

Additional Details

Public Transit Yes
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $11,335

Amenities

Finished, Full Basement
Composition
Cement Siding, Wood Siding

Building Details

Year Built 2017
Listing Agency: MORE Realty
Listed By: Victor Wang · License #201226647
Source: Compass
Added: Apr 9 Changed: Sep 7 Last Checked: Sep 7 at 11:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MORE Realty

Investment Insights

Based on property information with market context.

This multifamily property includes four total units at 2416 and 2422 SE Morrison Street, offered for sale together. Built in 2017, the property features a full finished basement and exterior materials including composition, cement siding, and wood siding. Interior details include an open-concept layout, spacious great room, island kitchen with stainless steel appliances, wood flooring, and recessed lighting.

The R1-zoned property is in Portland’s Buckman area within the Belmont/Hawthorne district. The surrounding area includes dining, cafes, parks, transit, and retail. Reported walkability and bikeability scores are 86 and 88, respectively.

Key Highlights

  • Four total units at 2416 and 2422 SE Morrison Street offered together
  • Built in 2017 with a full finished basement
  • R1 zoning

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Barber Shop Travel Agency Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

2,771
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Built in 2017 with a full basement and composition, cement, and wood siding.
Where is this multifamily property located?
The property is located at 2416 Southeast Morrison Street Portland, OR.
What is the asking price?
The asking price for this property is $1,445,000.
What are key features of this property?
This property features: Four total units at 2416 and 2422 SE Morrison Street offered together; Built in 2017 with a full finished basement; R1 zoning
More about this property
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