3440 SE MADISON ST, Portland, OR 97214

$3,400,000
List Price
$3,400,000
Days on Market
168
MLS#
21081399
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Southeast
Status
Active

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.

Additional Information

Tax Amount
$23,581
Year Built
1957
High School
Franklin
Elementary School
Sunnyside Env
Middle School
Hosford
Stories
2
Terms
Call Listing Agent
Fuel Description
Gas
Heating Description
Baseboard
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
5.17
Operating Expenses Actual
56987
Gross Income Actual
232911
Gross Rent Multiplier
14.60
Net Income Actual
175924
Occupancy Types
Leased, Month To Month
Number Of Units Total
13
Unit Type One Baths Total
1
Unit Type One Rent
1115
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
1343
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
1650
Unit Type Three Sq Ft
950
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1615
Unit Type Four Sq Ft
950
Unit Type Four Units Total
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Joseph Bernard LLC.

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