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$850,000 $785,000
1322 Se Madison St, Portland, OR 97214
3 Beds
3 Baths
2,143 sqft

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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.
  • Price:
  • $785,000
  • Bedrooms:
  • 3
  • Square Footage:
  • 2,143
  • Year Built:
  • 1906
  • Listing ID #:
  • 21373952
  • Street Address:
  • 1322 Se Madison St
  • City:
  • Portland
  • State:
  • Oregon
  • Postal Code:
  • 97214
  • County:
  • Multnomah
  • Community:
  • Portland Southeast
  • Subdivision:
  • Hawthorne
  • Listing Status:
  • Active
  • Listing Type:
  • ResidentialMultiFamily
4
out of 5

Buckman Elementary School
Public
School Grade Level K-5
School Students 460 students
School Teachers 19 student/
teacher
4
out of 5

Hosford Middle School
Public
School Grade Level 6-8
School Students 630 students
School Teachers 17 student/
teacher
3
out of 5

Cleveland High School
Public
School Grade Level 9-12
School Students 1745 students
School Teachers 22 student/
teacher
  • Basement Description:
  • Unfinished
  • Building Condition:
  • Existing
  • Foundation:
  • Concrete Perimeter
  • Siding:
  • Wood Siding
  • Total Building Square Footage:
  • 2143
  • Type Of Roof:
  • Composition
  • Unit 1 Monthly Rent:
  • 1100
  • Unit 2 Monthly Rent:
  • 800
  • Unit Features:
  • Range, Refrigerator
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 1
  • Unit1 Features:
  • Range, Refrigerator
  • Unit2 Bathrooms:
  • 2
  • Unit2 Bedrooms:
  • 2
  • Unit2 Features:
  • Range, Refrigerator
  • Year Built:
  • 1906
  • Adjusted Gross Income:
  • 22800
  • Net Operating Income:
  • 14767
  • Conforms To Zoning:
  • Rm2
  • Lot Description:
  • Level
  • Lot Size:
  • 5, 000 To 6, 999 Sqft
  • Road Surface:
  • Paved
  • Legal Description:
  • Hawthorne Pk, Block 291, W 1/2 Of Lot 7&8, E 2' Of Lot 1&2
  • List Date:
  • 2021-07-27
  • Originating Mls:
  • Regional Multiple Listing Service, Inc.
  • Previous Listing Price:
  • 850000
  • Terms:
  • Cash
  • Property Taxes:
  • $7,233
  • Tax Year:
  • 2020
  • Parking Description:
  • Paved
  • Heating Description:
  • Forced Air
  • Heating Fuel:
  • Gas
  • Sewage Type:
  • Public Sewer
  • Water Amenities:
  • Public
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Mal & Seitz
  • All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 9/21/2021 5:20 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. ORREG

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