Property profile

3403 Madison St 3427 Portland, OR 97214

OFF-MARKET
Apartment buildings
Property ID
US71-0797876
5,345 SF 0.23 ac lot Built 1959
Entity Owned 10-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1959
Construction FRAME
Total area 5,345 SF
Lot 0.23 ac (10,000 SF)
Zoning code R2.5
APN 1S1E01AC 13800
UPID US71-0797876

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3403 Madison St, Unit 3427 Portland, OR 97214-4252
Portland metro Census 1301 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$545k

Owner & transaction history

since 2016
4 recorded transactions
2016
Price N/A
1998
Price N/A
1992
$220,000
1969
Price N/A

Zoning & alternative use

R2.5 · Portland, OR
Zoning description

The single dwelling zone is intended to preserve land for housing and to provide housing opportunities for individual households

General category RESIDENTIAL
Top alternative use upside
Restaurant $1.8M +15.7%
Retail stores $1.7M +8.7%
Auto repair, garage $1.6M +3.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3403 Madison St, Unit 3427?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message