Fourplex
1705 SE Morrison St · Portland, OR
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $498 – $926
Heat risk 3/10 · Minor
- Hot days now (above 92°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 10/10 · Severe
- Unhealthy air days now
- 19 days/yr
- Unhealthy air days in 30 yrs
- 21 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- ARV discount +15.0/15.0
- DSCR +10.0/10.0
- 1% rule +8.7/10.0
- Schools +4.7/10.0
- Livability +3.9/5.0
- Rent growth +2.8/5.0
- Condition / age +2.2/5.0
- Appreciation +0.0/10.0
$679,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed
Listing remarks MLS
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.
Key facts
- Elevated corner lot
- Great natural light
- Off street parking
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4 × 3-bed/1.0-bath units multifamily listed at $680k. Condition is rated fair.
- This rent per unit runs 32% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Deal economics
- At list price, monthly cash flow is $3k ($31k/yr) — positive. Per door: $642/mo.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($9k rent vs $680k).
- Recommended offer: $598k (12.0% below list) — sets the bar for market timing.
- Cap rate 10.8% vs local median 2.3% in Portland — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 77/100 on livability (#72 in OR, #3,256 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime F, cost of living F.
- Portland SD 1J (urban): math 46% / reading 58% proficiency, ranked #23 of 183 in OR (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Richmond Elementary School (539 students, 5% FRL); Hosford Middle School (566 students, 27% FRL); Cleveland High School (1,547 students, 17% FRL) — zoned schools average 17% FRL vs 37% district-wide (20 pts lower); this property's tenant base skews higher-income than the district average.
- Market conditions: Rents rising (+1.3%/yr); 156 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 2,041 units permitted in Multnomah County in 2024 (905 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $5k of loan paydown is wiped out by about $20k of value loss. Plan a longer hold.
- Multnomah County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 1.3% rent growth), your $190k cash investment doubles in ~9 years — after that, you're playing with house money.
Negotiation context
- It's been on market 235 days — a 12% lower offer ($598k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $390k; list at $680k implies a 74% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 235 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
- Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.37% ✓
- Cap rate
- 10.83%
- Cash-on-cash
- 16.19%
- DSCR
- 1.72
- GRM
- 6.1
CMA / ARV
- ARV (median comp)
- $861,393
- List price
- $679,900
- Delta
- -21.07%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2237 SE Main St | 0.37mi | 3/2.0 (-1) | 2,597 (+4%) | 22mo | $582,400 | $224 | 45 |
| 26 28 NE 24th Ave NE | 0.54mi | 3/2.0 (-1) | 2,412 (-4%) | 15mo | $600,000 | $249 | 43 |
| 2333 SE Oak St | 0.37mi | 4/2.0 | 2,148 (-14%) | 14mo | $775,000 | $361 | 40 |
| 2234 NE Everett St | 0.59mi | 4/2.0 | 2,268 (-10%) | 16mo | $675,400 | $298 | 36 |
| 2924 SE Morrison St | 0.63mi | 4/2.0 | 2,806 (+12%) | 10mo | $803,000 | $286 | 34 |
| 1332 SE Birch St | 0.74mi | 4/2.0 | 2,640 (+5%) | 23mo | $895,000 | $339 | 29 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 1.31% rent growth · sell at horizon
- IRR
- 5.3%
- Equity multiple
- 1.20×
- Total profit
- $38,038
- Equity at exit
- $101,375
- IRR
- 13.1%
- Equity multiple
- 1.96×
- Total profit
- $182,802
- Equity at exit
- $58,785
Cash invested: $190,372 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (CITY)
- 0 Strongly Tenant-Friendly
- State Oregon
- 28 Tenant-Leaning · D+6
- County
- — inherits STATE
- City Portland
- 0 Strongly Tenant-Friendly · D+39
Active competition Active MLS
- For sale now
- 2 active · 1 under contract
- Months of supply
- 6.0 mo (17%/mo absorbed)
- Median asking
- $1,074,450 ($464/sqft)
- Median days on market
- 531 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -25.9% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 97214
- Rents YoY
- 1.3%
- Active inventory
- 156
- Price-to-rent
- 24.3×
Monthly cashflow live
- Estimated rent
- $9,310 high interval (Pro) →
- Mortgage (P&I)
- −$3,565
- Tax from tax record
- −$938 /mo · $11,252/yr
- Insurance
- −$283
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,955
- Net cashflow
- $2,568
4-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 4× units | 3 | 1 | $9,308 |
| #1 | 3 | 1 | $2,327 |
| #2 | 3 | 1 | $2,327 |
| #3 | 3 | 1 | $2,327 |
| #4 | 3 | 1 | $2,327 |
| Total (4 units) | $9,310 | ||
Break-even live
Sensitivity live
| Price | -10% $2,953 | -5% $2,761 | +0% $2,568 | +5% $2,376 | +10% $2,184 |
|---|---|---|---|---|---|
| Rent | -10% $1,833 | -5% $2,201 | +0% $2,568 | +5% $2,936 | +10% $3,304 |
| Rate | -1.0pp $2,911 | -0.5pp $2,741 | base $2,568 | +0.5pp $2,392 | +1.0pp $2,213 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $169,975
- Closing costs
- $20,397
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1626 SE Belmont St Portland, OR | 2.0 | 1.0 | 1276 | $2,345 | $1.84 | 93d | 1 | 0.07mi |
| 519 SE 20th Ave Unit 1 Portland, OR | 2.0 | 1.0 | 750 | $1,695 | $2.26 | 67d | 1 | 0.17mi |
| 1525 SE Salmon St Unit 1 Portland, OR | 2.0 | 1.0 | 900 | $1,595 | $1.77 | 11d | 1 | 0.19mi |
| 1937 SE Stark St Unit 1 Portland, OR | 2.0 | 2.0 | 1000 | $1,995 | $2.00 | 73d | 1 | 0.21mi |
| 1937 SE Stark St Unit 2 Portland, OR | 3.0 | 2.0 | 1400 | $3,145 | $2.25 | 73d | 1 | 0.21mi |
| 1937 SE Stark St Unit 3 Portland, OR | 3.0 | 1.0 | 1200 | $2,945 | $2.45 | 73d | 1 | 0.21mi |
| 1547 SE Stark St Unit 1547 Portland, OR | 2.0 | 1.0 | 791 | $1,575 | $1.99 | 35d | 1 | 0.22mi |
| 1517 SE Oak St Unit 1513 Portland, OR | 2.0 | 1.0 | — | $1,995 | — | 32d | 1 | 0.25mi |
| 485 SE 14th Ave Portland, OR | 2.0 | 1.0 | 697 | $1,975 | $2.83 | 13d | 4 | 0.25mi |
| 2064 SE Salmon St Portland, OR | 3.0 | 1.0 | 1040 | $1,695 | $1.63 | 67d | 1 | 0.26mi |
| 1027 SE 23rd Ave Portland, OR | 2.0 | 1.0 | 1000 | $2,949 | $2.95 | 17d | 1 | 0.27mi |
| 2204 SE Taylor St Unit 2206 Portland, OR | 2.0 | 1.0 | 918 | $1,450 | $1.58 | 13d | 1 | 0.28mi |
| 2204 SE Taylor St Unit 2240 Portland, OR | 2.0 | 1.0 | 918 | $1,450 | $1.58 | 67d | 1 | 0.28mi |
| 2006 SE Pine St #4 Portland, OR | 2.0 | 1.0 | 756 | $1,350 | $1.79 | 51d | 1 | 0.28mi |
| 2233 SE Taylor St Portland, OR | 2.0 | 1.0 | 1200 | $2,749 | $2.29 | 17d | 1 | 0.28mi |
| 1032-1036 SE 12th Ave Unit 1309849P Portland, OR | 3.0 | 1.0 | 1097 | $6,614 | $6.03 | 52d | 1 | 0.29mi |
| 1626-1646 SE Ash St Unit 1644 Portland, OR | 2.0 | 1.0 | 912 | $1,899 | $2.08 | 57d | 1 | 0.30mi |
| 909 SE 12th Ave Portland, OR | 2.0 | 1.0–2.0 | 731 | $2,771 | $3.79 | 9d | 10 | 0.30mi |
| 1130 SE Morrison St Portland, OR | 2.0 | 1.0–2.0 | 709 | $2,861 | $4.04 | 9d | 13 | 0.30mi |
| 1428 SE 19th Ave Unit 1309871P Portland, OR | 4.0 | 2.0 | 1184 | $10,040 | $8.48 | 73d | 1 | 0.32mi |
| 1327 SE Pine St Unit A Portland, OR | 4.0 | 1.5 | 2000 | $3,480 | $1.74 | 93d | 1 | 0.34mi |
| 975 SE 11th Ave Portland, OR | 3.0 | 1.0–2.0 | 901 | $3,152 | $3.50 | 9d | 31 | 0.35mi |
| 2303 SE Main St Unit 2323 Portland, OR | 2.0 | 1.0 | 965 | $1,495 | $1.55 | 52d | 1 | 0.35mi |
| 2436 SE Taylor St Portland, OR | 2.0 | 1.0 | 750 | $1,650 | $2.20 | 24d | 1 | 0.37mi |
| 1550 SE 20th Ave Portland, OR | 1.0–2.0 | 1.0–1.5 | 705 | $2,550 | $3.61 | 17d | 2 | 0.39mi |
| 1902 E Burnside St Portland, OR | 3.0 | 2.0 | 2000 | $3,300 | $1.65 | 93d | 1 | 0.40mi |
| 1459 SE Ankeny St Portland, OR | 1.0–2.0 | 1.0 | 687 | $2,050 | $2.98 | 22d | 2 | 0.40mi |
| 715 SE 9th Ave Portland, OR | 3.0 | 1.0–2.0 | 743 | $1,885 | $2.54 | 16d | 1 | 0.43mi |
| 715 SE 9th Ave Portland, OR | 2.0 | 1.0 | 549 | $1,642 | $2.99 | 30d | 1 | 0.43mi |
| 2311 SE Hawthorne Blvd Portland, OR | 3.0 | 2.0 | — | $2,600 | — | 24d | 1 | 0.44mi |
| 2337 SE Hawthorne Blvd Portland, OR | 2.0 | 1.0 | 1100 | $2,150 | $1.95 | 53d | 1 | 0.44mi |
| 80 NE 14th Ave Portland, OR | 2.0 | 1.0–2.0 | 784 | $2,611 | $3.33 | 9d | 17 | 0.45mi |
| 38 NE 17th Ave Portland, OR | 2.0 | 1.0 | 744 | $1,525 | $2.05 | 71d | 1 | 0.45mi |
| 1904 NE Couch St Unit 107 Portland, OR | 2.0 | 2.0 | 740 | $1,795 | $2.43 | 93d | 1 | 0.45mi |
| 1250 E Burnside St Portland, OR | 1.0–2.0 | 1.0–2.0 | 749 | $2,349 | $3.14 | 9d | 6 | 0.45mi |
| 1010 SE Ash St Portland, OR | 2.0 | 1.0–2.0 | 680 | $2,850 | $4.19 | 13d | 8 | 0.46mi |
| 2620 SE Morrison St Unit 2638 Portland, OR | 2.0 | 1.0 | 915 | $1,450 | $1.58 | 73d | 1 | 0.46mi |
| 2620 SE Morrison St Unit 2632 Portland, OR | 2.0 | 1.0 | 842 | $1,450 | $1.72 | 53d | 1 | 0.46mi |
| 2348 SE Ankeny St Unit 2344 Portland, OR | 3.0 | 1.0 | 1413 | $2,995 | $2.12 | 13d | 1 | 0.46mi |
| 713 SE 27th Ave Portland, OR | 3.0 | 1.0 | — | $2,695 | — | 93d | 1 | 0.47mi |
Listing history 48 events
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2026-07-24days on market $679,900 Active 235 DOM
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2026-07-23days on market $679,900 Active 234 DOM
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2026-07-22days on market $679,900 Active 233 DOM
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2026-07-21days on market $679,900 Active 232 DOM
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2026-07-20days on market $679,900 Active 231 DOM
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2026-07-18days on market $679,900 Active 229 DOM
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2026-07-18days on market $679,900 Active 228 DOM
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2026-07-16days on market $679,900 Active 227 DOM
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2026-07-15days on market $679,900 Active 226 DOM
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2026-07-14days on market $679,900 Active 225 DOM
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2026-07-13days on market $679,900 Active 224 DOM
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2026-07-13days on market $679,900 Active 223 DOM
-
2026-07-11days on market $679,900 Active 222 DOM
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2026-07-10days on market $679,900 Active 221 DOM
-
2026-07-09days on market $679,900 Active 220 DOM
-
2026-07-07days on market $679,900 Active 218 DOM
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2026-07-06days on market $679,900 Active 217 DOM
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2026-07-05days on market $679,900 Active 216 DOM
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2026-07-03days on market $679,900 Active 214 DOM
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2026-07-02days on market $679,900 Active 213 DOM
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2026-07-01days on market $679,900 Active 212 DOM
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2026-06-30days on market $679,900 Active 211 DOM
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2026-06-29days on market $679,900 Active 210 DOM
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2026-06-28days on market $679,900 Active 209 DOM
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2026-06-27days on market $679,900 Active 208 DOM
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2026-06-26days on market $679,900 Active 207 DOM
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2026-06-24days on market $679,900 Active 205 DOM
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2026-06-22days on market $679,900 Active 203 DOM
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2026-06-21days on market $679,900 Active 202 DOM
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2026-06-18days on market $679,900 Active 199 DOM
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2026-06-17days on market $679,900 Active 198 DOM
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2026-06-16days on market $679,900 Active 197 DOM
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2026-06-15days on market $679,900 Active 196 DOM
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2026-06-13days on market $679,900 Active 194 DOM
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2026-06-09days on market $679,900 Active 190 DOM
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2026-06-08days on market $679,900 Active 189 DOM
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2026-06-07days on market $679,900 Active 188 DOM
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2026-06-03days on market $679,900 Active 184 DOM
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2026-06-02days on market $679,900 Active 183 DOM
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2026-06-01days on market $679,900 Active 182 DOM
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2026-05-31days on market $679,900 Active 181 DOM
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2026-01-22price $679,900 1756-char remark
Show marketing remark (1756 chars)
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.
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2025-12-01$699,900 Active 1756-char remark
Show marketing remark (1756 chars)
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.
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2025-06-13soldstatus $390,000 Closed
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2025-06-13$390,000 Active
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2025-06-13soldstatus $390,000
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2024-10-21soldstatus $389,759
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1995-12-28soldstatus $215,204
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast OR · Resets to sale price
- Current annual tax
- $11,252 · $938/mo
- Projected year-2 tax
- $11,252 · $938/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 10/10 Extreme 19 unhealthy d/yr today · 21 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $111,720
- − Mortgage interest
- −$38,085
- − Property taxes
- −$11,252
- − Insurance
- −$3,400
- − Repairs & maintenance
- −$8,938
- − Management
- −$8,938
- − Depreciation
- −$19,779
- Taxable income
- $21,329
- Est. tax owed @ 24.0%
- −$5,119
- After-tax cash flow
- $25,702/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 10 photos
This fourplex at 1705 SE Morrison St requires significant repairs and maintenance, particularly to the roof and siding, to improve its condition and increase its resale and rental value.
Repairs flagged
- Major Roof — Signs of significant wear and tear, indicating a need for replacement.
- Major Siding — Aging and potential damage, requiring repair or replacement.
- Major Landscaping — Overgrown and in need of maintenance, detracting from curb appeal.
Value-add opportunities
- Both Roof replacement — A new roof will significantly improve the home's appearance and increase its value for both resale and rental. ↑
- Both Siding repair/replacement — Aesthetic improvements and increased durability will enhance the home's curb appeal and marketability. ↑
- Both Landscaping — A well-maintained and aesthetically pleasing landscape will improve the home's curb appeal and attract potential buyers/tenants. ↑
ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Portland SD 1J
- NCES district ID
- 4110040
- Math proficiency
- 46% ▼ -2.00%
- Reading proficiency
- 58% ▼ -3.00%
- Median HH income
- $57,851
- Composite
- 47.1/100
- National rank
- #5112
- State rank
- #23 of 183 in OR
Livability — Portland
- Score
- 77/100
- State rank
- #72
- US rank
- #3256
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Portland, OR
- County
- Multnomah County · 930,825 people
- City population
- 774,334
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- Population (ZIP)
- 27,714
- Household income
- $87,131
- Rent vs Own
- Severe rent burden
- 14% of renters
Population outlook (Multnomah County) Hauer SSP2
- Today (2025)
- 930,825 people
- By 2030
- 996,904 · +7.1%
- By 2040
- 1,121,379 · +20.5%
- By 2050
- 1,242,124 · +33.4%
- By 2075
- 1,464,431 · +57.3%
- By 2100
- 1,576,181 · +69.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (78%)
- Race & ethnicity
- White 78% Two or more races 11% Hispanic / Latino 9% Asian 4% Black 2%
- Hispanic origin (detail)
- Mexican 4% Puerto Rican 1%
- Common ancestry
- Italian 5% Slovak 4% Lithuanian 3%
- Foreign-born
- 6% · Canada, China, South Korea
- Languages at home
- 93% English-only · Spanish 2% Other Indo-European 1% Chinese 1%
Political lean MEDSL · Multnomah
- 2024 margin
- Solid D (+62.1) · D 79.3% · R 17.2% · Other 3.5%
- 2008→2024 swing
- +6.0pp toward D · 2008: 56.1pp · 2024: 62.1pp
- All cycles
- 2024: D+62.1 2020: D+61.3 2016: D+58.3 2012: D+54.9 2008: D+56.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -604.86%
- Current HPI
- 326.4709
- Rent YoY
- ▲ 1.31%
- Metro
- Portland-Vancouver-Hillsboro, OR-WA
- State GDP YoY
- ▲ 2.05%
- F500 in state
- 2
Industry mix (Fortune 500 HQ in OR)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Consumer Goods | 1 | $51B |
|
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Price history
+215.9% since first listed7 events — show timeline
- 2026-01-22 Price Changed $679,900 RMLS
- 2025-12-01 Listed $699,900 RMLS
- 2025-06-13 Sold (Public Records) $390,000 Public Records
- 2025-06-13 Listed $390,000 RMLS
- 2025-06-13 Sold (MLS) $390,000 RMLS
- 2024-10-21 Sold (Public Records) $389,759 Public Records
- 1995-12-28 Sold (Public Records) $215,204 Public Records
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…