4642 Southeast Madison Street

4642 Southeast Madison Street

Portland, OR 97215

$780,000
Price
—
Beds
4,292 Sq. Ft.
$182 / Sq. Ft.
4,292
Sq. Ft.
$182
per Sq. Ft.

Pending

Pending

a front view of a house with a yard
a view of a house with a yard
a view of an empty room with a window
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of an empty room with wooden floor
a kitchen with stainless steel appliances granite countertop a stove a sink and a microwave
a kitchen with stainless steel appliances kitchen island granite countertop a refrigerator and a stove top oven
a kitchen with a sink and a stove
a kitchen with stainless steel appliances granite countertop a refrigerator a stove and a sink with wooden floor
an empty room with wooden floor and windows
a view of a room with wooden floor and a kitchen
an empty room with wooden floor and windows
a bathroom with a sink and mirror
a bathroom with a toilet and a bathtub
a bathroom with a bathtub
a bathroom with a sink and mirror
a bathroom with a shower and a sink
a bathroom with a toilet sink and mirror
a utility room with dryer and washer
a view of a house with a yard and garage
a view of an empty room and window
an empty room that has a window
an empty room with a window
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a view of utility room with wooden floor
a white refrigerator freezer sitting in a kitchen
a bathroom with a sink and a mirror
a bathroom with a toilet and a shower
a view of an empty room with a window
a view of an empty room with a window
a view of an empty room
a utility room with dryer and washer
a picture of a floor plan
a picture of a room with a floor plan
a picture of floor plan

Description

Fantastic turn key investment property. Low maintenance newer construction craftsman plus an impressive 5.74 cap rate and all in an A+ location, just off of SE Hawthorne Blvd.! Unit A consist of the top 3 floors and boasts 5 bedrooms and 3 1/2 baths. Spacious main floor living with lovely kitchen and eat area that opens to the fenced backyard. Unit B is the 1,085 square foot lower level and is a 2 bed 1 bath. Fully separate water and electricity for both units. And both fully rented with tenants...Fantastic turn key investment property. Low maintenance newer construction craftsman plus an impressive 5.74 cap rate and all in an A+ location, just off of SE Hawthorne Blvd.! Unit A consist of the top 3 floors and boasts 5 bedrooms and 3 1/2 baths. Spacious main floor living with lovely kitchen and eat area that opens to the fenced backyard. Unit B is the 1,085 square foot lower level and is a 2 bed 1 bath. Fully separate water and electricity for both units. And both fully rented with tenants that would love to stay.
  1. Listed by Kevin Caplener • Windermere Realty Trust
  2. Listed by Gina Hall • Windermere Realty Trust

Property Details for 4642 Southeast Madison Street

Subdivision
SUNNYSIDE / HAWTHORNE
Parking Features
Driveway, Off Street
Zoning
R5
Garage Spaces
.00
Parking Total
1.00

Location

Listing Courtesy of Windermere Realty Trust
Add your commute
LISTING UPDATED: 04/11/2024 01:15 PM

Property Details for 4642 Southeast Madison Street

StatusPending
MLS #24313154
Days on Market41
Taxes$13,482 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2008
Lot Size0.11 AC / 4,791 SF
CountyMultnomah County

Location

Listing Courtesy of Windermere Realty Trust
Add your commute

Building Information for 4642 Southeast Madison Street

Stories4Residences2Year Built2008Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$5,380 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,257

Property Taxes

$1,124

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4642 Southeast Madison Street

Summary
Location and General Information
  • Country: US
  • Directions: South of Hawthorne one block
  • Road Surface: Paved
School Information
  • Elementary School: Glencoe
  • High School: Franklin
  • Middle Or Junior School: Mt Tabor
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $13,482.01
  • Parcel Number: R332813
  • Tax Legal Description: SECTION 06 1S 2E, TL 26200 0.11 ACRES
Property
Lot Information
  • Acres: 0.11
  • Lot Description: Level
  • Lot Size Square Feet: 4791.0
  • Lot Size Range: Sq Ft3000to4999
  • Lot Size: 3,000 to 4,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Approximately
  • Year Built: 2008
Utilities
  • Cooling Description: Central Air
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air90
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: Trash Collection
Interior and Exterior Features
Exterior Features
  • Exterior Description: Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: Exterior Entry, Finished, Separate Living Quarters Apartment Aux Living Unit
  • Foundation Details: Concrete Perimeter
  • Stories: 4
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
  • Gross Income Actual: $59,100.00
  • Gross Rent Multiplier: $13.20
  • Investor Information: According To Owner
  • Net Income Actual: $44,777.00
  • Operating Expense: $14,323.00
  • Storage: Attached, Individual Storage Units
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 4292
Unit 1 Information
  • Unit Type 1 Baths Total: 4
  • Unit Type 1 Beds Total: 5
  • Unit Type 1 Features: Air Conditioning, Hardwood Floors, Refrigerator, Washer Dryer
  • Unit Type 1 Rent: $3,675
  • Unit Type 1 SqFt: 3204.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Features: Air Conditioning, Dishwasher, Refrigerator, Washer Dryer
  • Unit Type 2 Rent: $1,250
  • Unit Type 2 SqFt: 1085.0
  • Unit Type 2 Units Total: 1

Schools near 4642 Southeast Madison Street

This home is within Portland School District 1j.
Rating
School
Type
Grades
Distance
Glencoe Elementary School
Public - K to 5
Mt Tabor Middle School
Public - 6 to 8
Franklin High School
Public - 9 to 12
Richmond Elementary School
Public - PK to 5
Rating
School
Distance
Glencoe Elementary School
PublicK to 5

Mt Tabor Middle School
Public6 to 8

Franklin High School
Public9 to 12

Richmond Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Windermere Realty Trust

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