3440 SE MADISON ST, Portland, OR 97214

$3,600,000
List Price
$3,600,000
Days on Market
11
MLS#
20384351
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Southeast
Status
Active

Property Description

The Madison Apts is a true pride of ownership investment opportunity! Meticulously maintained by the family of the original builder in the popular inner SE sub-market with many nearby amenities, walk score of 96 & bike score of 100. Low density urban living with a beautiful garden courtyard, generous floor plans with finishes true to the era & no detail left untouched. Amenities on-site are 13 garages & 13 storage lockers, laundry, & large basement. Opportunity to acquire a true legacy property!

Additional Information

Tax Amount
$22,714
Year Built
1957
High School
Franklin
Elementary School
Sunnyside Env
Middle School
Sunnyside Env
Stories
2
Terms
Call Listing Agent
Fuel Description
Gas
Heating Description
Radiant
Hot Water Description
Gas
Exterior Description
Brick
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
14449
Capitalization Rate
4.59
Operating Expenses Actual
58484
Gross Income Actual
223827
Gross Rent Multiplier
16.08
Net Income Actual
165343
Occupancy Types
Leased, Month To Month
Number Of Units Total
13
Unit Type One Baths Total
1
Unit Type One Rent
978
Unit Type One Sq Ft
380
Unit Type One Units Total
2
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
1347
Unit Type Two Sq Ft
730
Unit Type Two Units Total
6
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
1530
Unit Type Three Sq Ft
875
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1558
Unit Type Four Sq Ft
950
Unit Type Four Units Total
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joseph Bernard LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2020 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.