2520 SE Madison St - Apartments FOR SALE


Portland, OR 97214- Buckman
$1,855,000 USD
510-304-8077
2520 SE Madison St, Portland, OR for Sale
$1,855,000 USD
Apartments - FOR SALE
1/31
null | 5.33% Cap Rate

2520 SE Madison St
Portland, OR 97214
Buckman


HIGHLIGHTS

  • Stunning Craftsman-Style Multifamily Asset - fully renovated 7-unit Craftsman-style multifamily asset located in the heart of Portland, OR.
  • Large Floor Plans with Modern Amenities - offers tenants large one-bedroom floor plans with modern amenities.
  • Extensive Capital Improvements - property has undergone significant capital improvements including all new plumbing, electrical, and foundation.
  • Abundant Lifestyle Amenities - including the many high-end shopping, dining, and entertainment options lined up on Belmont and Hawthorne St.
  • Proximity to Major Transportation Corridors - easy access to the major transportation corridors of Interstate 5, Interstate 84, and Oregon State R-99E

OVERVIEW

2520 SE Madison St is a well-situated 7-unit multifamily asset located in the thriving city of Portland, OR. Situated on a large 7,577 square foot parcel of land, the subject property was originally built in 1905 and features a gross building area of approximately 3,716 square feet. The property boasts beautifully designed one-bedroom floor plans featuring stainless steel appliances, updated fixtures with modern finishes, and large windows that allow for abundant natural light. Select units also feature heated flooring and in-unit laundry. Additionally, the subject property presents a rare opportunity to acquire a fully renovated historic building featuring significant capital improvements including new plumbing, electrical, and foundation. 2520 SE Madison St offers exceptional walkability and lifestyle amenities in Portland’s vibrant Hawthorne district. The property boasts a Walk Score of 92 and a Bike Score of 93, offering easy access to countless lifestyle amenities including those found on the bustling Belmont and Hawthorne streets. Residents also enjoy a unique mix of independent boutiques, local cafés, bars, and grocery options, while recreational amenities such as Sewallcrest Park lie just blocks away. The area around SE Madison is well-served by major employers and institutions that support stable tenant demand. Major hubs such as Oregon Health & Science University, Providence Portland Medical Center, and Portland State University, along with creative and tech firms in downtown and the Central Eastside are all within close proximity by bike or transit. Additionally, 2520 SE Madison St offers tenants easy access to major transportation corridors such as Interstate 5, Interstate 84, and Oregon State Route 99E. The investment appeal of this asset is driven by Portland's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Portland, 2520 SE Madison St presents an attractive choice for investors due to its convenient tenant amenities and close proximity to countless high-end shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$1,855,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

7

PRICE/UNIT

$265,000

CAP RATE

5.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2.5

APN/PARCEL ID

R652163

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.