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Multifamily

Three Sisters on Madison

2520 SE Madison St, Portland, OR 97214

Listing Price: $2,000,000

Cap Rate
4.73%
Number of Units
7
Price/Unit
$285,714
Price/Gross SF
$380.52
Gross SF
5,256

Investment Overview

Marcus & Millichap is pleased to offer Three Sisters on Madison for sale. The beautiful Three Sisters on Madison was originally built in 1909 and completely renovated in 2013. All units have been remodeled to the current seismic code and include in-unit washer/dryers, new appliances, and air conditioners (except for the lower east-facing unit). Three Sisters on Madison consists of 7 one-bedroom units. Investors will enjoy a low-maintenance, well-located, turnkey asset and tenants will love the convenient location, bike storage, and new interior features.

Investment Highlights

  • A+ Location
  • 92 Walk Score - Walker's Paradise
  • 93 Bike Score - Biker's Paradise
  • Building Completely Gutted and Renovated so New Owner has Little Maintenance
  • Building is Fully Leased and Turnkey
  • Accessible to Hawthorne, Belmont, and Richmond Neighborhoods Means Countless Restaurants, Bars, and Shopping to Tenants

Exclusively Listed By

Multifamily

Three Sisters on Madison

Listing Price: $2,000,000

Cap Rate
4.73%
Number of Units
7
Price/Unit
$285,714
Price/Gross SF
$380.52
Gross SF
5,256

Investment Highlights

  • A+ Location
  • 92 Walk Score - Walker's Paradise
  • 93 Bike Score - Biker's Paradise
  • Building Completely Gutted and Renovated so New Owner has Little Maintenance
  • Building is Fully Leased and Turnkey
  • Accessible to Hawthorne, Belmont, and Richmond Neighborhoods Means Countless Restaurants, Bars, and Shopping to Tenants

Investment Overview

Marcus & Millichap is pleased to offer Three Sisters on Madison for sale. The beautiful Three Sisters on Madison was originally built in 1909 and completely renovated in 2013. All units have been remodeled to the current seismic code and include in-unit washer/dryers, new appliances, and air conditioners (except for the lower east-facing unit). Three Sisters on Madison consists of 7 one-bedroom units. Investors will enjoy a low-maintenance, well-located, turnkey asset and tenants will love the convenient location, bike storage, and new interior features.

Exclusively Listed By

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