The Madison Apartments
The Madison Apartments
https://www.josephbernard.net/the-madison-apartments- Address:
- 3440-3464 SE Madison St, Portland, Oregon 97214
- Price:
- $3,400,000
- Units:
- 13
- Price per unit:
- $261,538
- Cap Rate:
- 5.17%
- Year Built:
- 1957
Highlights
- Pride of ownership 1950's courtyard apartment community
- Meticulously maintained vintage apartments with attention to detail
- Fantastic inner East side location near many amenities (Walk Score: 96, Bike Score: 100)
- Additional on-site amenities include 13 large garages and 13 large storage lockers
- Value-add opportunity to increase income through improved operations
- First time ever on the market
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The Madison Apartments
Summary
The Madison Apartments is a true pride of ownership investment opportunity! The apartments were built in 1957 and have been meticulously maintained through the years by the family of the original builder. Located in the popular inner Southeast Portland sub-market, tenants benefit from many nearby amenities with a walk score of 96 and bike score of 100. The property features low-density urban living, with a beautiful garden courtyard for tenants to enjoy. The apartments have generous floor plans with vintage finishes true to the era and no detail left untouched. The property has additional amenities on-site, including 13 garage rentals, 13 storage lockers, on-site laundry machines, and a large basement. Rare opportunity to acquire a true legacy property!
Highlights
- Pride of ownership 1950's courtyard apartment community
- Meticulously maintained vintage apartments with attention to detail
- Fantastic inner East side location near many amenities (Walk Score: 96, Bike Score: 100)
- Additional on-site amenities include 13 large garages and 13 large storage lockers
- Value-add opportunity to increase income through improved operations
- First time ever on the market
The Madison Apartments
SE Madison St/SE 35th Ave
The Madison Apartments
The Madison Apartments
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
The Madison Apartments
Phillip Barry
pbarry@josephbernard.net5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax