This home's estimate is 18% lower than the average sale price ($686K) of 6 comparable homes.
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8221 SE Madison St, Portland, OR 97216
About this home
All units are occupied on month to month. Tenants have lived in units for 3+ years. Seller's are licensed Realtors on the state of Oregon. Some repairs needed. Offers are subject to interior inspections. You can drive by but please do not disturb tenants.

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Market trends in Montavilla, OR
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
- OPEN TODAY, 1PM TO 2PM$359,0003 beds2 baths1,680 sq ft2302 SE 113th Ave, Portland, OR 97216Jesse Richter • Knipe Realty ERA Powered
- $435,0003 beds2 baths1,174 sq ft9218 SE Lincoln St, Portland, OR 97216Casey Hilton • Move Real Estate Inc
- 3D & VIDEO TOUR$399,9003 beds2 baths1,144 sq ft2340 SE 113th Ave, Portland, OR 97216Jordan Matin • Matin Real Estate
- $393,0003 beds2 baths1,138 sq ft11726 SE Oak St, Portland, OR 97216Sally Mehalovich • RE/MAX Advantage Group
- $389,9004 beds2 baths1,876 sq ft12110 SE Market St, Portland, OR 97216Antoine Dean • 24/7 Properties
See all
Provided by Redfin
Sale history for 8221 SE Madison St
$100/sq ft
$104/sq ft
$80/sq ft
$40/sq ft
$40/sq ft
Tax history for 8221 SE Madison St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
EG1
General Employment 1 Zone
The General Employment zones implement the Mixed Employment map designation of the Comprehensive Plan. The zones allow a wide range of employment opportunities without potential conflicts from interspersed residential uses. The emphasis of the zones is on industrial, industrially-related, and office uses, typically in a low-rise, flexspace development pattern. Retail uses are allowed but limited in intensity to maintain adequate employment development opportunities. The development standards for each zone are intended to allow new development which is similar in character to existing development. The intent is to promote viable and attractive industrial/commercial areas.; EG1 areas generally have smaller lots and a grid block pattern. The area is mostly developed, with sites having high building coverages and buildings which are usually close to the street. EG1 zoned lands will tend to be on strips or small areas.Include but are not limited to:
- Automotive repair garage
- Day care facility
- Hospital / medical center
- Industrial
- Manufacturing
- Warehouse
- Office
- Educational/school
- Recreation-Other
- Park & open space
Property details
Parking
- Parking Information
- Parking Features: Assigned, Paved
- Parking Total: 3
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Basement: Crawl Space
- Multi Unit Information
- # Of Units Total: 3
- Unit Information
- Unit Type: 1, 2, 3
- Unit Type 1 Information
- Actual Rent: $685
- Area: 832
- Baths Total: 1
- Beds Total: 2
- Features: Dishwasher, Microwave, Range, Refrigerator
- Units Total: 1
- Unit Type 2 Information
- Actual Rent: $685
- Area: 832
- BathsTotal: 1
- Beds Total: 2
- Features: Dishwasher, Microwave, Range, Refrigerator
- Units Total: 1
- Unit Type 3 Information
- Actual Rent: $685
- Area: 832
- Baths Total: 1
- Beds Total: 2
- Features: Dishwasher, Microwave, Range, Refrigerator
- Units Total: 1
Exterior
- Exterior Features
- Roof: Composition
- Exterior Description: T-111 Siding
- Lot Information
- Lot Size Range: 5,000 to 6,999 SqFt
- Lot Size: 5,000 to 6,999 SqFt
- Lot Features: Level, On Busline
- Parcel Number: R272380
- Property Information
- Property Type: Multi Family
- Property Attached YN: No
- View YN: No
- Building Information
- Year Built: 1979
- Building Area Total: 2,496
Financial
- Tax Information
- Tax Legal Description: SOUTH FAIRLAWN, BLOCK 4, LOT 5
- Tax Annual Amount: $3,476.48
- Lease / Rent Information
- Gross Rent Multiplier: 10.54
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity
- Water Source: Public Water
- Sewer: Public Sewer
- Heating & Cooling
- Heating YN: Yes
- Heating: Baseboard
- Cooling YN: No
Location
- School Information
- Elementary School: Harrison Park
- High School: Madison
- Location Information
- Directions: 82nd Ave, West On Madison, Tri-plex on your left.
- Unparsed Address: 8221 SE MADISON ST, Portland, OR 97216
- Community Information
- Zoning: R137
Public facts
- Beds: 6
- Baths: 3.0
- Sq. Ft.: 2,496
- Stories: 2.0
- Lot Size: 5,000 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1979
- Year Renovated: 1979
- County: Multnomah County
- APN: R272380
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
Around this home
Schools
Public 6-8 • Assigned • 0.4mi
Public 9-12 • Assigned • 2.0mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 92° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
19 unhealthy days expected this year, 21 days in 30 years
Sun exposure
In this area, properties receive around 9.7 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 97216
Home values near 8221 SE Madison St
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1100 Sq. Ft. | $371,294 |
2 Beds | 1 Baths | 1772 Sq. Ft. | $392,620 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 792 Sq. Ft. | $377,175 |
4 Beds | 3 Baths | 1482 Sq. Ft. | $590,835 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 1 Baths | 1514 Sq. Ft. | $307,353 |
- Beds | - Baths | - Sq. Ft. | $534,872 |
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