$1,100,000
$200K PRICE DROP

7303-7305 SE Madison St Portland, OR 97215

Mount Tabor Neighborhood

Estimated payment $6,977/month

Total Views 43,791
4 Beds
2 Baths
3,768 Sq Ft
$292 Price per Sq Ft

Highlights

  • Corner Lot
  • 3 Car Garage
  • 1-Story Property
  • Forced Air Heating System

About This Home

Great Investment Opportunity – Duplex on Corner Lot with 3-Car Garage. Vintage mid-century duplex presents a unique opportunity for investors and developers alike. Situated on a prime corner lot in the highly sought-after Mt. Tabor neighborhood, this property offers a blend of classic mid-century style, rental income, and exciting multiple development potentials. Keep the duplex and develop north portion of the lots, with additional units up to a 4 plex, or go blank slate and develop fresh. The City of Portland allows for up to 9 individual cottage cluster units using middle housing land division. Developer's package attached. One unit vacant ready for market rent and long term tenants occupy one side. Please do not disturb tenants. Buyer to do their all of their own due-diligence.

Listing Agent

Suzanne Clark

Cascade Hasson Sotheby's International Realty License #200608182 Listed on: 03/27/2025

Cascade Hasson Sotheby's International Realty

Co-Listing Agent

Jana Nazir

Cascade Hasson Sotheby's International Realty License #201212275

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,826

Year Built

  • Built in 1949

Lot Details

  • 10,018 Sq Ft Lot
  • Corner Lot

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Fixer Upper
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 3,768 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Bridger Elementary And Middle School
  • Franklin High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R283320

Community Details

Overview

  • 2 Units
  • Mt. Tabor Subdivision

Building Details

  • Operating Expense $17,648
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,826

Year Built

Built in 1949

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: MultiFamily
  • Stories: 1
  • Year Built: 1949
  • Property Condition: Fixer
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Storage: Garage
  • Total Bedrooms: 4
  • Lot Size Range: SqFt10000to14999

Exterior Features

  • Exterior Description: MetalSiding
  • Lot Size: 10,000 to 14,999 SqFt
  • View: No
  • Lot Features: CornerLot
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Driveway, Garage
  • Attached Garage: No
  • Garage Spaces: 3.0

Utilities

  • Fuel Description: Oil
  • Hot Water: Electricity
  • Cooling: None
  • Cooling Y N: No
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: Bridger
  • High School: Franklin
  • Middle Or Junior School: Bridger

Lot Info

  • Zoning: R5
  • Lot Size Acres: 0.23
  • Lot Size: 10,000sf
  • Lot Size Sq Ft: 10018.0
  • Parcel #: R283320

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2024
  • Tax Annual Amount: 10826.3

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 2
  • Gross Rent Multiplier: 65.48
  • Annual Gross Income: 16800.0
  • Annual Operating Expense: 17648.0

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 $10,410 $392,860 $0 $0
2022 $10,185 $381,420 $0 $0
2021 $10,013 $370,320 $0 $0
2020 $9,185 $359,540 $0 $0
2019 $8,847 $349,070 $0 $0
2018 $8,587 $338,910 $0 $0
2017 $8,230 $329,040 $0 $0
2016 $7,532 $319,460 $0 $0
2015 $7,334 $310,160 $0 $0
2014 $7,224 $301,130 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 Price Changed $1,100,000 -15.4% $292 / Sq Ft
03/27/2025 03/27/25 For Sale $1,300,000 -- $345 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

About the Listing Agent

Suzanne Clark

Cascade Hasson Sotheby's International Realty

(971) 320-6838

Section Image

A spirited entrepreneur, Suzanne is a licensed broker in Oregon and New York. She is a Certified Luxury Home Marketing Specialist and is ranked among the top Portland area real estate agents. Suzanne is well respected within the real estate community and is a trusted source to guide people through their real estate journey. She is passionate about the industry, dedicated to her clients and team members, and is considered a student of the local economy. Suzanne brings a positive energy to every

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Source: Regional Multiple Listing Service (RMLS)

MLS Number: 531121256

Regional Multiple Listing Service (RMLS)

APN: R283320