1705 SE Morrison St

Description

Unlock a classic Buckman investment opportunity with this fourplex at 1705 SE Morrison St, set on an elevated corner lot in one of inner SE Portland’s most sought after close-in neighborhoods. Originally built in 1890, this character property offers four units under one roof; three are one bedroom, one bathroom, and the fourth is a studio with one bathroom, creating a versatile mix for steady tenancy and broad renter appeal. Two of the main level units feature high ceilings that enhance light, volume, and livability. All four units are currently tenant occupied, providing immediate in-place rental income from day one. Tenants are on a mix of terms and rent levels, reflecting strong demand for housing in this close-in SE location. Please do not disturb tenants; showings are subject to accepted offer and scheduled access. This property works for an investor seeking stable income, an owner occupant pursuing a house hacking setup, or a long term hold in a high demand rental area. The corner orientation brings in great natural light and outlooks over mature trees and neighboring vintage homes, while the raised site adds privacy and presence above the street. Wide concrete steps lead up from the sidewalk to the main entry. A full basement with exterior access provides additional storage for bikes, seasonal items, or building supplies; it is plumbed with a toilet and, with work to finish it, may offer potential for a fifth unit or expanded space (buyer to verify feasibility with the City). Property is served by gas heat; buyer to verify. One off street parking space at the back of the property adds extra convenience in this popular SE location, with shops, cafés, transit, and neighborhood amenities all within easy reach.