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    1322 SE Madison St

    Portland, OR 97214
    • $785,000
    • STATUS: Active
    • ON SITE: 61 days
    • MLS #: 21373952
    Price Reduced
    $785,000
    • 3
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,143
      SQFT
    • $366
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Prime RM2 zoning allows for maximization of this property. Currently a duplex with very long-term renters. Could add additional units in the basement and detached garage or rebuild up to 4 stories tall! Walk score 93 makes this a prime location to trendy Hawthorne district. Long term tenants have kept the rental rates low. Can be vacant upon closing.

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    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-27T23:39:52.157.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
    www.nexthomepdx.com/homes/119812430
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    1322 SE Madison St Portland, OR 97214

    • Price: $785,000
    • Status: Active
    • MLS #: 21373952
    3
    Beds
    3
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,143
    SQFT
    $366
    $/SQFT
    1906
    Built
    Neighborhood:
    Hawthorne
    County:
    Multnomah
    Area:
    143-Portland Southeast
    Elementary School:
    Buckman
    Middle School:
    Hosford
    High School:
    Cleveland
    Property Description
    Prime RM2 zoning allows for maximization of this property. Currently a duplex with very long-term renters. Could add additional units in the basement and detached garage or rebuild up to 4 stories tall! Walk score 93 makes this a prime location to trendy Hawthorne district. Long term tenants have kept the rental rates low. Can be vacant upon closing.
    Exterior Features

    Exterior Description Wood Siding Lot Description Level Lot Size 5000 To 6999 Sqft Parking Features Paved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Unfinished Foundation Details Concrete Perimeter Heating Description Forced Air Unit Features RangeRefrigerator Unit Type1 Features RangeRefrigerator Unit Type2 Features RangeRefrigerator

    Property Features

    Bank Owned YN No Capitalization Rate 1.88 Country Us Fuel Description Gas Gross Income Actual 22800 Gross Rent Multiplier 34.43 Net Income Actual 14767 Operating Expenses Actual 8033 Property Condition Existing Rent Includes None Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Basement Tax Amount 7233.14 Third Party Approval YN No Unit Type1 Rent 1100 Unit Type1 Units Total 1 Unit Type2 Rent 800 Unit Type2 Units Total 1 Zoning Rm2

    Listing provided courtesy of Mal & Seitz.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-09-27T23:39:52.157.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
     
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