1 SE Madison St
Portland, OR 97215
- 4 beds
- 2 baths
- 3,768 sqft
- 10,018 sqft lot
- $345 per sqft
- 1949 build
- – on site
OPEN HOUSE 3/29 11-1 & 3/30 11-1Great 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.
Last checked:
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Checking…
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Last updated Mar 28, 2025
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MLS# 171207564 —
The Building
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Year Built:1949
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New Construction:false
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Architectural Style:Stories1
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Roof:Composition
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Stories:1
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Basement:Unfinished
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Exterior Description:MetalSiding
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Building Area Description:Tax Record
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Building Area Total:3768.0
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Building Area Calculated:3768
Interior
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Fireplace:true
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Fireplaces Total:2
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Fireplace Features:WoodBurning
Room Dimensions
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Main Level Area Total:3768
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
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Home Warranty:false
Location
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Directions:SE 73rd Ave
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Latitude:45.513146
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Longitude:-122.587298
The Property
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Parcel Number:R283320
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Condition:Fixer
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Lot Features:CornerLot
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Lot Size Range:SqFt10000to14999
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Lot Size Acres:0.23
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Lot Size SqFt:10018.0
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Lot Size Dimensions:10,000 sq ft
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Zoning:R5
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View:false
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (503) 806-9332
- Office phone:
- (503) 335-9898
Taxes
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Tax Year:2024
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Tax Legal Description:TABORSIDE, BLOCK 5, LOT 21&22
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Tax Annual Amount:10826.3
Beds
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Bedrooms Total:4
Baths
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Total Baths:2
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Full Baths:2
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Total Baths:2.0
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Total Baths Main Level:2.0
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Full Baths Main Level:2
The Listing
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Virtual Tour URL Unbranded:https://vimeo.com/1065950814?share=copy
Heating & Cooling
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Heating:ForcedAir
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Heating:true
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Cooling:None
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Cooling:false
Utilities
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Sewer:PublicSewer
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Hot Water Description:Electricity
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Water Source:PublicWater
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Fuel Description:Oil
Appliances
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Appliances:FreeStandingRange, FreeStandingRefrigerator
Schools
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Elementary School:Bridger
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Middle Or Junior School:Bridger
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High School:Franklin
The Community
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Subdivision Name:Mt. Tabor
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Senior Community:false
Parking
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Attached Garage:false
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Garage Type:Detached
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Garage Spaces:3.0
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Parking Total:3.0
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Parking Features:Driveway, OnStreet
Monthly cost estimate
Asking price
$1,300,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$6,961
|
| Taxes | $902 |
| Insurance | $357 |
| Utilities | $233 See report |
| Total | $8,453/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/27/25
Mar 27, 2025
|
Listed / Active | RMLS | $1,300,000 |
