• Two-story apartment building with balconies, a parking lot in front, green trees, and a blue car parked outside. A 'Now Leasing' sign is on one of the balconies.
  • Three-story beige apartment building with balconies on each level, parking lot in front with four parked cars, trees around, clear blue sky.
  • Aerial view of a residential neighborhood with multiple multi-story apartment buildings, houses, parking lots, and lush green trees.
  • Aerial view of a parking lot surrounded by buildings and trees. Cars are parked in designated spaces, with some parked along the street. The image shows rooftops, a small building, and various green trees casting shadows.
  • Aerial view of a multi-unit residential building with a gray tiled roof, beige siding, and balconies surrounded by trees and parking lot.
  • Aerial view of a residential neighborhood showing a multi-story beige building with a light brown roof, a wooden deck at the back, a fenced yard, nearby trees, and parked cars on the street and in a parking lot.
  • An aerial view of a neighborhood with multiple residential buildings, parking lots, and trees. Some buildings have gray and brown roofs, and there are cars parked along the streets and in parking lots.
  • Empty kitchen with white cabinets, a white refrigerator, dishwasher, and stainless steel sink, featuring tile flooring and a chandelier overhead.
  • Kitchen with wooden cabinets, a stainless steel sink, a dishwasher, and a pass-through window to the living area, with a view of a window showing trees outside.
  • Empty living room with beige carpet, white walls, a sliding glass door to a balcony, and a white front door with a small wood trim.

Madison St apartments | $1,855,000

7 Units | 2520 SE Madison St, Portland, OR 97214

  • Stunning Craftsman-Style Multifamily Asset - Investors have the opportunity to acquire a stunning, fully renovated 7-unit Craftsman-style multifamily asset located in the heart of Portland, OR.

  • Large Floor Plans with Modern Amenities - 2520 SE Madison St offers tenants large one-bedroom floor plans with modern amenities such as stainless steel appliances and upgraded fixtures. Select units also feature heated flooring and in-unit laundry.

  • Extensive Capital Improvements - The subject property has undergone significant capital improvements including all new plumbing, electrical, and foundation.

  • Abundant Lifestyle Amenities - 2520 SE Madison St is within close proximity to countless lifestyle amenities, including the many high-end shopping, dining, and entertainment options lined up on Belmont and Hawthorne St.

  • Proximity to Major Transportation Corridors - The subject property boasts easy access to the major transportation corridors of Interstate 5, Interstate 84, andOregon State Route 99E.

Property Highlights

 
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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.