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$1,458,000
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Property Description
A true midcentury office building in the heart of Hawthorne/inner SE. Built in 1960 with exposed beams, butterfly ceiling and remnants of the original grass cloth, this has been a beloved property to owner occupied users and later an investment property. It has been home to school district offices, a CPA firm and most recently a natural health clinic. ADA ramp to lower level provides wheelchair accessibility. Two separate entrances and separation allow for multiple tenants. Upstairs features 2545 sf, 8 spacious individual offices, a large lobby and 2 bathrooms (One of the offices features a sink area that could be a kitchenette/break room). Lower level is 2488sf with a kitchenette, 2 bathrooms and 9 smaller offices and a lobby. Several configuration options, but 19 offices and 2 lobby areas as it sits! Nice rear parking lot with at least 6 spots. Lower level recently upgraded with luxury vinyl floors & 2024 waterproofing/trenching system. Furnace replacement (2024). So many options - designers/law offices/real estate office...Listing Agent is related to seller and a Co-Trustee for trust selling the property. Seller will consider carrying a contract.
Full Property Details
Full Property Details for 1221 SE Madison St
General
- Sold For: $1,458,000
- Taxes: $13,093 (2024)
- Status: Sold
- Type: Office
- Source: RWMLS
- MLS ID: 24466195
- Added to Site: 371 day(s) ago
Business
- Name: The Madison Building
Parking
- Total Spaces: 6
Location
- County: Multnomah
- Driving Directions: Just North of SE Hawthorne Blvd at SE 11th and Madison
Community
- Community Name: 143 - Portland Southeast
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
Structural Information
- # Buildings: 1
- Property Detached: Yes
- Roof: Composition
- Stories/Levels: 2
- Square Feet: 5,033
- Current Bldg. Use: Medical/Dental, Office
- Year Built: 1960
- Property Condition: Existing
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,405
- Lot Size: 7, 000 to 9, 999 SqFt
- Frontage: Paved
Financial Considerations
- Tax Amount: $13,093
- Tax Year: 2024
- Terms: Cash, Contract, Conventional
Disclosures and Reports
- Documents Avail.: Floor Plan
- Property ID: R176922
Listed by Windermere Realty Trust (503) 284-7755, Aimee Virnig (503) 803-7678
Sold by Think Real Estate (503) 847-2722, Hope Beraka
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Schools
Schools serving 1221 SE Madison St
School District:Portland School District 1j
| Name | Grades | Distance |
|---|---|---|
Buckman Elementary School 320 Southeast 16th Avenue, Portland, OR 97214 | K-5 | 0.5 mi |
Hosford Middle School 2303 Southeast 28th Place, Portland, OR 97214 | 6-8 | 0.9 mi |
Cleveland High School, Portland, OR 3400 Southeast 26th Avenue, Portland, OR 97202 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1221 SE Madison St
Date
Details
Price
Change
Source
1/09/2026
Sold
$1,458,000
-18.77%
MLS
1/12/2025
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1221 SE Madison St, Portland, OR 97214 (MLS# 24466195) is a Office property that was sold at $1,458,000 on January 09, 2026. Want to learn more about 1221 SE Madison St? Do you have questions about finding other Office real estate for sale in Portland? You can browse all Portland real estate or contact a Coldwell Banker agent to request more information.

