3403 Southeast Madison Street

Portland, OR 97214

$1,500,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Highly desirable Hawthorne 7 plex. Mid-Century Modern architecture and construction. Built with an "owners unit" A good mix of 1-bedroom and 2-bedroom apartments. Heated floors, fireplaces, concrete, cork, and some with hardwood floors. Large windows, and spacious units with plenty of storage. Washer and dryer, separate storage units, and strong rental history. Showings subject to an accepted offer. Please do not disturb the tenants.Highly desirable Hawthorne 7 plex. Mid-Century Modern architecture and construction. Built with an "owners unit" A good mix of 1-bedroom and 2-bedroom apartments. Heated floors, fireplaces, concrete, cork, and some with hardwood floors. Large windows, and spacious units with plenty of storage. Washer and dryer, separate storage units, and strong rental history. Showings subject to an accepted offer. Please do not disturb the tenants.
  1. Listed by Tim Walters • RE/MAX Equity Group

Property Details for 3403 Southeast Madison Street

Subdivision
HAWTHORNE
Parking Features
None
Zoning
R1
Garage Spaces
.00
Parking Total
.00
LISTING UPDATED: 02/26/2025 11:04 AM

Property Details for 3403 Southeast Madison Street

StatusActive
MLS #310249454
Days on Market58
Taxes$13,586 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1959
Lot Size0.23 AC / 10,018 SF
CountyMultnomah County

Building Information for 3403 Southeast Madison Street

Stories1Residences7Year Built1959Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 3403 Southeast Madison Street

Summary
Location and General Information
  • Country: US
  • Directions: 34th and Madison
  • Road Surface: Paved
School Information
  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $13,585.59
  • Parcel Number: R280903
  • Tax Legal Description: SUNNYSIDE & PLAT 2 & 3, BLOCK 53, LOT 1-3
Property
Lot Information
  • Acres: 0.23
  • Lot Description: Corner Lot
  • Lot Size Square Feet: 10018.0
  • Lot Size Range: Sq Ft10000to14999
  • Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 1959
Utilities
  • Fuel Description: Gas
  • Heating Description: Floor Furnace, Radiant
  • Hot Water Description: Electricity, Other
  • Sewer Description: Public Sewer
  • Rent Includes: Heat, Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick, Wood Siding
  • Roof Type: Composition
Interior Features
  • Basement: Partial Basement, Storage Space
  • Foundation Details: Concrete Perimeter
  • Stories: 1
Multi Family
Multi-Family Information
  • Number Of Units Total: 7
  • Gross Income Actual: $147,644.00
  • Gross Rent Multiplier: $10.16
  • Net Income Actual: $69,886.00
  • Operating Expense: $77,758.00
  • Security Features: Unknown
  • Storage: Basement
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7
  • Common Amenities: All Landscaping, Laundry
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 1
  • Unit Type 1 Features: Dishwasher, Microwave, Refrigerator, Storage
  • Unit Type 1 Rent: $1,795
  • Unit Type 1 SqFt: 625.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Fireplace, Range, Refrigerator, Storage
  • Unit Type 2 Rent: $1,990
  • Unit Type 2 SqFt: 800.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Features: Dishwasher, Fireplace, Range, Storage
  • Unit Type 3 Rent: $1,895
  • Unit Type 3 SqFt: 900.0
  • Unit Type 3 Units Total: 1
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 2
  • Unit Type 4 Features: Dishwasher, Fireplace, Hardwood Floors, Storage
  • Unit Type 4 Rent: $1,995
  • Unit Type 4 SqFt: 1000
  • Unit Type 4 UnitsTotal: 1
Unit 5 Information
  • Unit Type 5 Baths Total: 1
  • Unit Type 5 Baths Decimal: 1.00
  • Unit Type 5 Beds Total: 1
  • Unit Type 5 Features: Range, Refrigerator, Storage
  • Unit Type 5 Rent: $1,695
  • Unit Type 5 SqFt: 600.0
  • Unit Type 5 Units Total: 1
Unit 6 Information
  • Unit Type 6 Baths Total: 1
  • Unit Type 6 Baths Decimal: 1.00
  • Unit Type 6 Beds Total: 1
  • Unit Type 6 Features: Range, Refrigerator, Storage
  • Unit Type 6 Rent: $1,695
  • Unit Type 6 SqFt: 625.0
  • Unit Type 6 Units Total: 1
Unit 7 Information
  • Unit Type 7 Baths Total: 1
  • Unit Type 7 Baths Decimal: 1.00
  • Unit Type 7 Beds Total: 1
  • Unit Type 7 Features: Range, Refrigerator, Storage
  • Unit Type 7 Rent: $1,695
  • Unit Type 7 SqFt: 625
  • Unit Type 7 Units Total: 1

Public Records for 3403 Southeast Madison Street

Taxable ValueLand-Additions-Total-
Tax Record2017$10,328 ($861 / month)
Home Facts
Baths7Above Grade Finished SqFt5,345 SqFtUnfinished Basement SqFt984 SqFtStories1Lot Size10,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1959Year Renovated1959ZoningR2.5CountyMULTNOMAHAPNR280903

Schools near 3403 Southeast Madison Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - PK to 5
Public - 6 to 8
Rating
School
Distance
Sunnyside Environmental School
PublicK to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

Da Vinci Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3403 Southeast Madison Street is a multi-family home for sale in Portland, OR 97214. This property was listed for sale on January 8, 2025 by RE/MAX Equity Group, it's currently listed at $1,500,000. This listing's school district is Portland School District 1j. Nearby schools include Sunnyside Environmental School, Franklin High School and Richmond Elementary School. 3403 Southeast Madison Street is a 0-bed, 0-bath, multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Equity Group

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