About This Home

This 4-bedroom, 2-bathroom townhouse at 21123 SE MORRISON St in Gresham, OR is listed for $499,990 ($514 per sqft). Built in 1975, the home offers 972 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1975
  • 0.19 acre lot
  • 2 stories

Property Details

2 stories
1 full, 1 half
1975
Listing Description

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 immed

iate rental income and a seamless transition for the next owner.The home features 2 comfortable bedrooms and 1.5 bathrooms, providing a functional layout that appeals to a variety of tenants. The split-level design creates separate living spaces, offering flexibility and a sense of privacy while maximizing the home's square footage.

A spacious living area welcomes natural light, creating a warm and inviting atmosphere.Outside, you'll find a generous backyard with plenty of room for outdoor entertaining, gardening, recreation, or future enhancements, making it an attractive feature for long-term renters.

The attached garage provides secure parking and additional storage space, adding everyday convenience and value.Conveniently located near shopping, dining, schools, parks, public transportation, and major commuter routes, this property is well positioned in an area with strong, consistent rental demand.

Whether you're expanding your investment portfolio or purchasing your first rental property, this home offers immediate income potential along with long-term appreciation opportunities. This is an outstanding opportunity to acquire a property with strong investment appeal in a desirable Gresham location.No showings. Once accepted offer received will be contingent on interior inspection. Please do not disturb the tenants.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

21123 SE MORRISON St

Gresham, OR 97030

Features & Amenities

Interior Features

HookupAvailableLaminateFlooringLaundryWalltoWallCarpet

Exterior Features

DeckFencedPorchYard

Property Details

Outdoor Features

DeckPorch

Heating

Baseboard

Appliances

DisposalFreeStandingRangeFreeStandingRefrigerator

Questions & Answers

This 4-bedroom, 2-bathroom townhouse at 21123 SE MORRISON St is listed at $499,990 ($514/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1975, 0.19 acre lot, 2 stories. Interior Features: HookupAvailable, LaminateFlooring, Laundry. Exterior Features: Deck, Fenced, Porch.

This property is listed by Thomas Cardelli and can be reached at 5035193702.

TC

Thomas Cardelli

Agent at Premiere Property Group, LLC

(503) 519-3702

Listed by Premiere Property Group, LLC · Broker phone: (503) 670-9000 · View on Broker Site

MLS# 571244590· Source: Regional Multiple Listing Services· 38 days on PropertySimple

Copyright © 2026 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.

21123 SE MORRISON St, Gresham, OR 97030

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