5135 SE Morrison St,Portland, OR 97215
Portland, OR 97215
Description
Add three brand new residences to your portfolio with this thoughtfully planned Mt. Tabor triplex. The property includes three separately addressed 2 bedroom, 2½ bathroom homes totaling 2,904 sq ft, offering the consistency of new construction in an established Southeast Portland neighborhood. Each residence spans two levels and has its own private entrance and covered porch, giving renters the privacy and separation of a townhome style layout. Open main floors bring together the living and dining areas with an island kitchen, while a half bathroom adds convenience for everyday use. Upstairs, two bedrooms are paired with two full bathrooms, creating a versatile layout that works well for a range of rental arrangements. The 952 sq ft corner residence has a side entrance and additional window exposure, while the other two residences each offer 976 sq ft with matching floor plans. Consistent layouts and finishes across the property can make leasing, maintenance and future turnovers more efficient, while three individual addresses help each residence maintain its own identity. Contemporary architecture, abundant windows and well utilized interiors further strengthen the property's rental appeal. For a long term owner, brand new construction provides the opportunity to establish tenancy from the outset without taking on the immediate repairs, aging systems and renovation planning often associated with older multifamily properties. Glencoe Elementary is directly adjacent, and the property is also near Mt. Tabor Park, New Seasons Market and the many restaurants, shops and services found along Hawthorne, Belmont and Division. Tabor Bread, The Sapphire Hotel, Apizza Scholls and the Bagdad Theater are among the nearby destinations. With three cohesive residences, practical floor plans and a desirable Mt. Tabor location, this is a well positioned buy and hold asset built for lasting rental appeal.
Details
| MLS # | 472671851 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 77 |
| Listing Provided By | Keller Williams Realty Portland Premiere | Darryl Bodle |
Features
| SQ Feet | 2,904 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | R2.5 |
| Acreage | 0.07 |
Interior
| Heating | Heat Pump, Mini Split |
|---|---|
| Heating Yn | Yes |
| Cooling | Heat Pump, Mini Split |
| Cooling Yn | Yes |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Sidewalk |
| Foundation Details | Concrete Perimeter, Stem Wall |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | On Street |
Area Information
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97215 |
| Community Name | MT TABOR |
| School District | Franklin |
| Elementary School | Glencoe |
| High School | Franklin |
| Listing VS Median (in MT TABOR) | |
Price: $1,249,900 low | high Med: $912,500 sqft: 2,904 low | high Med: 3,975 $ / sqft: $430 low | high Med: $269 On site: 77 low | high Med: 69.5 | |
Market Activity 97215
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Learn More About This Property
| State | OR |
|---|---|
| County | Multnomah |
| City | Portland |
| Zip Code | 97215 |
| Community Name | MT TABOR |
| School District | Franklin |
| Elementary School | Glencoe |
| High School | Franklin |
| Listing VS Median (in MT TABOR) | |
Price: $1,249,900 low | high Med: $912,500 sqft: 2,904 low | high Med: 3,975 $ / sqft: $430 low | high Med: $269 On site: 77 low | high Med: 69.5 | |
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