522 NE MORRIS ST, Portland, OR 97212

$1,250,000
6
BD
4
BA
3,362
SqFt

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List Price
$1,250,000
Price Change
▼ $25,000 1776996105
Days on Market
145
Status
ACTIVE
MLS#
766846077
Bedrooms
6
Bathrooms
4
Living Area
3,362
Lot Size
5, 000 to 6, 999 SqFt
Region
Portland Northeast

Property Description

Extensively remodeled down to the studs in 2018, this fully reconfigured residence offers a rare opportunity for owner occupants and investors alike. Configured for income generation, the property has consistently produced $10k + per month, with the lower level generating short term rental income and the upper level previously rented long term. Furniture is included, offering a true turnkey opportunity. The home is currently operating with a short term rental license and is professionally managed through StaySavvy, with multiple flexible strategies available including continued short term rental, dual mid term rentals that do not require a license, or owner occupancy with supplemental income.The lower level features a separate entrance, two bedrooms, full bath, living area, and kitchen, ideal for rental or multigenerational living. The main and upper levels offer a spacious layout with hardwood floors, a remodeled kitchen with quartz and stainless appliances, and a reconfigured upper level with three bedrooms and an updated Jack and Jill bath. All major systems were replaced in 2018 including foundation, plumbing, electrical, HVAC with central air, and a tankless water heater. Exterior improvements include fiber cement siding, vinyl windows, and a composition roof. The property also offers a long driveway, additional parking, and a detached garage converted to storage or workshop. ADU potential provides additional upside for future income or expansion.

Additional Information

Tax Amount
$5,490
Year Built
1902
High School
Grant
Elementary School
Irvington
Middle School
Harriet Tubman
Garage Spaces
1
Garage Type
Converted, Detached
Acres
0.14
Living Area
3,362
Stories
3
Property Type
Single Family Residence
Terms
Cash, Conventional, VA Loan
Master Bedroom Level
Upper
Cooling Description
Central Air
Fuel Description
Gas
Heating Description
Forced Air
Hot Water Description
Gas
Exterior Description
Cement Siding, Wood Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
Craftsman, FourSquare
View
Territorial
Parking
Driveway, Off Street
Parking Description
Driveway, Off Street
Road Surface
Paved
Exterior Features
Covered Patio, Deck, Fenced, Outbuilding, Patio, Porch, Yard
Interior Features
Furnished, Hardwood Floors, High Ceilings, Laundry, Quartz, Separate Living Quarters/Apartment/Aux Living Unit, Skylight(s), Soaking Tub, Tile Floor, Vinyl Floor, Wall to Wall Carpet, Washer/Dryer, Wood Floors
Kitchen Appliances
Cook Island, Cooktop, Disposal, Free-Standing Refrigerator, Gas Appliances, Island, Microwave, Pantry, Plumbed For Ice Maker, Quartz, Stainless Steel Appliance(s)

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC.

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