NOT LISTED FOR SALE

2520 SE Madison St Portland, OR 97214

Buckman Neighborhood
1 Bed
1 Bath
5,256 Sq Ft
1905 Built

Last Sold October 07, 2022

Last sale price $1,975,000 $376 Per Sq Ft

122 Days on Market

About This Home

As of October 2022

The beautiful Three Sisters on Madison was originally built in 1905 and completely renovated down to the studs in 2013. Three Sisters on Madison consists of 7 one-bedroom units. Investors will enjoy a low-maintenance, well-located, turnkey asset and tenants will love the convenient location, bike storage, and new interior features.

Last Agent to Sell the Property

Miklosch Sander

Flat Fee Realty, LLC License #200207108 Listed on: 05/16/2022

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,955

Year Built

  • Built in 1905 | Remodeled

Interior Spaces

  • 5,256 Sq Ft Home
  • 3-Story Property

Schools

  • Sunnyside Env Elementary And Middle School
  • Franklin High School

Utilities

  • Central Air
  • Radiant Heating System

Listing and Financial Details

  • Rent includes trashcollection
  • Assessor Parcel Number R652163

Community Details

Overview

  • 7 Units

Building Details

  • Operating Expense $42,472
  • Gross Income $133,200
  • Net Operating Income $94,677

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,955

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 3
  • Year Built: 1905
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Lot Size: 7,000 to 9,999 SqFt
  • View: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Fuel Description: Electricity
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Sunnyside Env
  • High School: Franklin
  • Middle Or Junior School: Sunnyside Env

Lot Info

  • Zoning: R2.5
  • Parcel #: R652163

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: TrashCollection

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 16955.0

Multi Family

  • Unit Type: UnitTypeType1
  • Number Of Units Total: 7
  • Gross Rent Multiplier: 15.02
  • Annual Gross Income: 133200.0
  • Property Net Operating Income: 94677.0
  • Annual Operating Expense: 42472.0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2022 10/07/22 Sold $1,975,000 -1.3% $376 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $2,000,000 -- $381 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Miklosch Sander

    Flat Fee Realty, LLC

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22132013

Regional Multiple Listing Service (RMLS)
Oregon Multnomah County Portland 97214 Buckman

2520 SE Madison St, Portland, OR

This home is located at 2520 SE Madison St, Portland, OR 97214 since 16 May 2022. This property was built in 1905. 2520 SE Madison St is a home located in Multnomah County with nearby schools including Sunnyside Environmental School, Franklin High School, and Le Monde French Immersion Public Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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