Skip To Content

3440 SE Madison St

Portland, OR 97214
  • $3,400,000
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: 21081399
UPDATED: 33 min ago
$3,400,000
  • 4
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 14,449
    SQFT
  • $235
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Information

Elementary School:
Middle School:
High School:

Description

The Madison Apartments is a true pride of ownership investment opportunity! The apartments have been meticulously maintained through the years and are in the popular inner SE Portland sub-market. Tenants benefit from many nearby amenities with low-density urban living and a beautiful garden courtyard. Generous floor plans with vintage finishes true to the era with no detail left untouched. Additional amenities on-site include 13 garages, 13 storage lockers, on-site laundry, & a large basement.

Monthly Payment Calculator



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 2021-10-15T19:40:24.71.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/116975420
Print Image

3440 SE Madison St Portland, OR 97214

  • Price: $3,400,000
  • Status: Active
  • Updated: 33 min ago
  • MLS #: 21081399
4
Beds
4
Baths
0
½ Baths
N/A
Acres
14,449
SQFT
$235
$/SQFT
1957
Built
Neighborhood:
143-Portland Southeast
County:
Multnomah
Area:
143-Portland Southeast
Elementary School:
Sunnyside Env
Middle School:
Hosford
High School:
Franklin
Property Description
The Madison Apartments is a true pride of ownership investment opportunity! The apartments have been meticulously maintained through the years and are in the popular inner SE Portland sub-market. Tenants benefit from many nearby amenities with low-density urban living and a beautiful garden courtyard. Generous floor plans with vintage finishes true to the era with no detail left untouched. Additional amenities on-site include 13 garages, 13 storage lockers, on-site laundry, & a large basement.
Exterior Features

Exterior Description Brick Lot Description Corner Lot Lot Size 10000 To 14999 Sqft Parking Features Garage Roof Type Composition View YN No Water Description Public

Interior Features

Basement Full BasementStorage Space Foundation Details Concrete Perimeter Heating Description Baseboard Hot Water Description Gas Unit Features Hardwood FloorsRangeRefrigeratorStorage Unit Type1 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type1 Sq Ft 380 Unit Type2 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type2 Sq Ft 730 Unit Type3 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type3 Sq Ft 950 Unit Type4 Features Hardwood FloorsRangeRefrigeratorStorage Unit Type4 Sq Ft 950

Property Features

Bank Owned YN No Capitalization Rate 5.17 Common Amenities CommonsLaundry Country Us Fuel Description Gas Gross Income Actual 232911 Gross Income Projected 246762 Gross Rent Multiplier 14.60 Net Income Actual 175924 Net Income Projected 189775 Occupancy Types LeasedMonth To Month Operating Expenses Actual 56987 Operating Expenses Projected 56987 Property Condition Existing Rent Includes ElectricityGasTrash CollectionHeatSewerWater Sewer Description Public Sewer Short Sale YN No Storage Garage(S)Individual Storage Units Tax Amount 23581.98 Third Party Approval YN No Unit Type1 Rent 1115 Unit Type1 Units Total 2 Unit Type2 Rent 1343 Unit Type2 Units Total 6 Unit Type3 Rent 1650 Unit Type3 Units Total 1 Unit Type4 Rent 1615 Unit Type4 Units Total 4 Zoning R2.5

Listing provided courtesy of Joseph Bernard Llc.


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 2021-10-15T19:40:24.71.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.
 
https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21081399-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21081399-2.jpg https://bt-photos.global.ssl.fastly.net/portland/1280_boomver_1_21081399-2.jpg
Logo
Next Home Realty Connection
,