$850,000

1804 SE Madison St Unit 1806 Portland, OR 97214

Buckman Neighborhood

Estimated payment $5,190/month

Total Views 183
4 Beds
2 Baths
3,906 Sq Ft
$218 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • Corner Lot
  • Laundry Facilities
  • Cleveland High School Rated A-
  • Forced Air Heating System
  • 5-minute walk to Colonel Summers Park

About This Home

One of a kind duplex built in 1904 on a beautiful tree lined street in the Buckman neighborhood. The seller has been upgrading and repairing this property for the past 16 years including a new roof in 2024. The main level features hardwood floors, built-ins & beautiful vintage woodwork. The upstairs unit is huge with 3 bedrooms and a finished attic with all kinds of flex space. There is a full basement for storage and laundry.

Listing Agent

Brian Porter

Opt Brokerage Phone: 503-810-2219 License #200305174 Listed on: 05/29/2025

Co-Listing Agent

Theresa deSousa + Brian Spear

Opt Brokerage Phone: 503-810-2219 License #200312221

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,146

Year Built

  • Built in 1904 | Remodeled

Lot Details

  • 3,920 Sq Ft Lot
  • Corner Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,906 Sq Ft Home
  • 3-Story Property
  • Views of Woods
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Schools

  • Buckman Elementary School
  • Hosford Middle School
  • Cleveland High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number R196917

Community Details

Overview

  • 2 Units
  • Buckman Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $24,849
  • Gross Income $50,440
  • Net Operating Income $25,591

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,146

Year Built

Built in 1904 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1904
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: FullBasement, Unfinished
  • Storage: Basement
  • Total Bedrooms: 4
  • Lot Size Range: SqFt3000to4999

Exterior Features

  • Exterior Description: WoodSiding
  • Lot Size: 3,000 to 4,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition
  • View: TreesWoods

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Total Parking Spaces: 2.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: Laundry

Schools

  • Elementary School: Buckman
  • High School: Cleveland
  • Middle Or Junior School: Hosford

Lot Info

  • Zoning: RM2
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.0
  • Parcel #: R196917

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 8146.47

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 16.85
  • Annual Gross Income: 50440.0
  • Property Net Operating Income: 25591.0
  • Annual Operating Expense: 24849.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,834 $295,620 $0 $0
2022 $7,664 $287,010 $0 $0
2021 $7,534 $278,660 $0 $0
2020 $6,912 $270,550 $0 $0
2019 $6,658 $262,670 $0 $0
2018 $6,462 $255,020 $0 $0
2017 $6,193 $247,600 $0 $0
2016 $5,668 $240,390 $0 $0
2015 $5,519 $233,390 $0 $0
2014 $5,436 $226,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $850,000 -- $218 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $337,400 New Conventional
Closed $337,400 New Conventional
Source: Public Records

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 716566981

Regional Multiple Listing Service (RMLS)

APN: R196917