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!
Off market
$1,791,600
3440 SE Madison St, Portland, OR 97214
4beds
4baths
14,449sqft
MultiFamily
Built in 1957
-- sqft lot
$1,791,600 Zestimate®
$124/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Radiant, Gas
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Common Area
Features
- Individual Storage Units
- Flooring: Hardwood
Interior area
- Total interior livable area: 14,449 sqft
Property
Features
- Exterior features: Brick
Lot
- Features: Corner Lot
Details
- Zoning: R2.5
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 1957
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & neighborhood
Location
- Region: Portland
HOA & financial
Other financial information
- Total actual rent: 5413
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Radiant
- Appliances: Refrigerator, Gas Water Heater, Range
- GarageYN: true
- HeatingYN: true
- Utilities: Natural Gas Connected
- Flooring: Hardwood
- ConstructionMaterials: Brick
- NumberOfUnitsTotal: 13
- Roof: Composition
- LotFeatures: Corner Lot
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Garage
- RentIncludes: Water, Sewer, Gas, Electricity, Trash Collection, Heat
- Zoning: R2.5
- LaundryFeatures: Common Area
- CapRate: 4.59
- PropertyCondition: Existing
- MlsStatus: Active
- InteriorFeatures: Individual Storage Units
- GrossIncome: 223827
- GrossScheduledIncome: 245136
- NetOperatingIncome: 165343
- OperatingExpense: 58484
- TotalActualRent: 5413
Services availability
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Estimated market value
$1,791,600