A multi-compartment storage device includes a base portion and a lid for storing various items, such as photographs, recorded media, memorabilia and the like. The storage device includes at least three storage sections for holding various items. The first storage section is disposed at a base of the device. A second storage section stores hanging items. The second storage section includes at least one support member for suspending the hanging items. A third storage section is disposed above the second storage section, and is designed to store other types of materials, such as recorded media and the like.