Lovingly maintained by the same owner for over 35 years, this spacious 3-bedroom, 2-bath daylight ranch is rich with mid-century modern character—clean lines, natural light, and timeless design elements throughout. Recent major upgrades include a brand-new composition roof and electrical panel, both completed within the last few months, offering peace of mind alongside the home's classic appeal. The main level showcases beautiful, refinished hardwood floors, a generous living room with an expansive picture window, gas fireplace, and a formal dining area with tray ceiling perfect for gatherings. The cozy kitchen with a sunny breakfast nook captures the charm of the era, while fresh interior paint, updated light fixtures and stainless-steel appliances bring a refreshed feel. A wood stove downstairs and a gas fireplace upstairs add warmth and vintage ambiance. The full lower-level apartment—with a private entrance—offers incredible versatility. Ideal for rental income, guests, or multi-generational living; it features a large family room, dining area, kitchenette, full bath, and a 3rd bedroom. A spacious laundry/utility room provides ample storage and workspace. A generous 4-car garage is paired below with a spacious 15x20 unfinished bonus area—ideal for a creative studio, sleek home office, or functional workshop. Set on an oversized lot surrounded by mature landscaping, this park-like setting with idyllic pathways features a fully fenced private backyard with spacious garden area, fruit trees, a storage shed, fire pit, space for a pool and is patio—perfect for outdoor entertaining. Conveniently located near parks, shops, and transit, this timeless mid-century residence is ready for its next chapter. [Home Energy Score = 4. HES Report at https://rpt.greenbuildingregistry.com/hes/OR10242335]
Est. $2,906 per month, based on comparable rentals
Sale and tax history for 11851 SE Madison St
Sale History
Tax History
Date
Event
Price
RMLS #138793614
May 28, 2026
Sold
$555,000
$226/sq ft
Apr 29, 2026
Pending
—
Apr 9, 2026
Listed
$575,000
$234/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,663 (+4.4%)
2024
$6,383 (+4.5%)
2023
$6,105 (+5.5%)
2022
$5,787 (+1.7%)
2021
$5,692 (+10.4%)
2020
$5,157 (+3.3%)
2019
$4,992 (+3.2%)
2018
$4,839 (+3.8%)
2017
$4,660 (+2.7%)
2016
$4,537 (+7.0%)
2015
$4,241 (+8.8%)
2014
$3,898 (+17.4%)
2013
$3,322 (+3.1%)
2012
$3,222 (+0.5%)
2011
$3,205 (−6.8%)
2010
$3,438 (−8.4%)
2009
$3,752
Public record
Public record
Zoning
Permits
Beds
2
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.27 Acres
Year renovated
1955
Sq. Ft.
2,118
Year built
1955
Style
Single Family Residential
County
Multnomah County
APN
R240885
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R5
Residential 5,000 zone
The single-dwelling zones are intended to preserve land for housing and to provide housing opportunities for individual households. The zones implement the comprehensive plan policies and designations for single-dwelling housing and provide options for infill housing that is compatible with the scale of the single-dwelling neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Jun 9, 2026 • Active
Mechanical
Install a new heat pump.
Heat pump
HVAC
May 22, 2026 • Final
On-site sewage evaluations & services
Work on decommissioning.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Interior Features: Garage Door Opener, Hardwood Floors, Laundry, Separate Living Quarters/Apartment/Aux Living Unit, Wall to Wall Carpet, Washer/Dryer, Wood Floors
Fireplace YN: Yes
Fireplaces Total: 1
Fireplace Features: Gas
Window Features: Double Pane Windows
Basement: Daylight, Finished, Separate Living Quarters/Apartment/Aux Living Unit
Tax Legal Description: PATRICIA ADD, BLOCK 3, LOT 9, W 10' OF LOT 10
Tax Annual Amount: $6,663.45
Lease / Rent Information
Land Lease YN: No
Utilities
Utility Information
Green Certification YN: Yes
Fuel Description: Gas
Water Source: Public Water
Sewer: Public Sewer
Heating & Cooling
Heating YN: Yes
Heating: Forced Air - 95+%, Wood Stove
Cooling YN: No
Location
School Information
Elementary School: Ventura Park
Middle Or Junior School: Floyd Light
High School: David Douglas
Location Information
Directions: 122nd Ave, West on Main St, to 120th Ave to Madison
Unparsed Address: 11851 SE MADISON ST, Portland, OR 97216
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 2,118
Stories: 1.0
Lot Size: 0.27 acres
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1955
County: Multnomah County
APN: R240885
Home facts updated by county records on Jul 15, 2026
Other
Listing Information
MlsStatus: Sold
Listing Price Information
Price Type: List Price
New Construction Information
New Construction YN: No
Around this home
Schools
Ventura Park Elementary School
Public PreK-5 • Assigned • 0.6mi
3/10
Floyd Light Middle School
Public 6-8 • Assigned • 0.6mi
5/10
David Douglas High School
Public 9-12 • Assigned • 0.7mi
2/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 92° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
23 unhealthy days expected this year, 27 days in 30 years
Provided by First Street
Historical weather
Portland, OR • 97216
Average low and high temperatures (°F)
48
37
49
38
57
43
65
45
71
50
77
55
83
58
84
62
77
57
63
48
53
44
50
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home ranks in the top 28% for direct sun exposure in Portland. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$574,000 – $695,000
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