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2520 SE Madison St

Portland, OR 97214
  • $2,000,000
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 22132013
UPDATED: 80 min ago
$2,000,000
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 5,256
    SQFT
  • $381
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Information

Elementary School:
Middle School:
High School:

Description

The beautiful Three Sisters on Madison was originally built in 1905 and completely renovated down to the studs in 2013. Three Sisters on Madison consists of 7 one-bedroom units. Investors will enjoy a low-maintenance, well-located, turnkey asset and tenants will love the convenient location, bike storage, and new interior features.

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Listing content is copyright © 2022 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 2022-07-06T11:40:21.833.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/128782882
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2520 SE Madison St Portland, OR 97214

  • Price: $2,000,000
  • Status: Active
  • On Site: 50 Days
  • Updated: 80 min ago
  • MLS #: 22132013
1
Beds
1
Baths
0
½ Baths
N/A
Acres
5,256
SQFT
$381
$/SQFT
1905
Built
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Sunnyside Env
Middle School:
Sunnyside Env
High School:
Franklin
Property Description
The beautiful Three Sisters on Madison was originally built in 1905 and completely renovated down to the studs in 2013. Three Sisters on Madison consists of 7 one-bedroom units. Investors will enjoy a low-maintenance, well-located, turnkey asset and tenants will love the convenient location, bike storage, and new interior features.
Exterior Features

Lot Size 7000 To 9999 Sqft View YN No Water Description Public Water

Interior Features

Cooling Description Central Air Heating Description Radiant Unit Features MicrowaveRefrigeratorWasher/DryerAir Conditioning Unit Type1 Features MicrowaveRefrigeratorWasher/DryerAir Conditioning Unit Type1 Sq Ft 663

Property Features

Bank Owned YN No Capitalization Rate 4.73 Country Us Fuel Description Electricity Gross Income Actual 133200 Gross Income Projected 142800 Gross Rent Multiplier 15.02 Net Income Actual 94677 Net Income Projected 102741 Operating Expenses Actual 42472 Operating Expenses Projected 43528 Property Condition Updated/Remodeled Rent Includes Trash Collection Sewer Description Public Sewer Short Sale YN No Tax Amount 16955.00 Third Party Approval YN No Unit Type1 Rent 1586 Unit Type1 Units Total 7 Zoning R2.5

Listing provided courtesy of Flat Fee Realty, Llc.


Listing content is copyright © 2022 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 2022-07-06T11:40:21.833.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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