New Construction
Address
5135 Se Morrison St, Portland, OR
Price
$ 1,249,900
Property Attributes
- MLS#472671851
- TypeMulti-Family
- Listing Status Active
- CountyMULTNOMAH
- CityPortland
- Area143
- NeighborhoodMT TABOR
- Zip97215
- Style
- Year Built2026
- Price$ 1,249,900
- Bedrooms2
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2904
- Lot Size0.07 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property 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.
| Elementary School | Middle School | High School |
|---|---|---|
| Glencoe Elementary School | Mt Tabor Middle School | Franklin High School |
| Price History | |
|---|---|
| 8/11/2026 | Listed $1,249,900 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | HeatPump,MiniSplit |
| Cooling | HeatPump,MiniSplit |
| Roof | Composition |
| Zoning | R2.5 |
| Security Features | Sidewalk |
| Year Built | 2026 |
| Stories Count | 2 |
| Parcel Number | R233579 |
| Gross Income | 86086.0 |
| County | Multnomah |
| Net Operating Income | 62465.0 |
| Operating Expense | 23621.0 |
| Property Type | MultiFamily |
| HOA | No |
| Subdivision Name | MT TABOR |
| Rent Includes | None |
| Status | Active |
| Directions | From SE Division St,north on SE 50th Ave,east on SE Morrison St to property at SE 51st Ave. |
| High School | Franklin |
| City | Portland |
| Disclosures | Exempt |
| Number Of Units Total | 3 |
| MLS Area | _143 |
| Lot Size Square Feet | 3049.0 |
| Listing Terms | Cash,Conventional,VALoan |
| Elementary School | Glencoe |
| Middle/Junior High School | Mt Tabor |
| Property Condition | NewConstruction |
| Virtual Tour | https://www.youtube.com/watch?v=aDxBssf9USU |
| Standard Status | Active |
| Accessory Dwelling Unit Y/N | No |
| Legal Description | PARADISE SPR FARM,LOT 16 TL 1100 |
| AttributionContact | 503-709-4632 |
Interior Features
| Basement | CrawlSpace |
|---|---|
| Hot Water | Electricity,Tank |
| UnitType1ActualRent | 2395 |
| Unit 1 Baths Total | 3 |
| Unit 1 Beds Total | 2 |
| UnitType1Features | AirConditioning,Dishwasher,Range,WasherDryerHookup |
| UnitType1UnitsTotal | 3 |
| FuelDescription | Electricity |
| Unit Type | UnitTypeType1 |
Exterior Features
| Parking Features | OnStreet |
|---|---|
| Water Source | PublicWater |
| Exterior Description | CementSiding,LapSiding,Panel |
| Foundation Details | ConcretePerimeter,StemWall |
| Building Area Total | 2904.0 |
| Lot Size Acres | 0.07 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 97215
Price
Year Built
Visits
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Copyright © 2026 WVMLS. All Rights Reserved. Information last updated on September 11, 2026 7:16 AM UTC
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
