Listing provided courtesy of Signet Realty- MLS# 220220195
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Madras, OR 97741
Multi-Family · 0.51 Acres$439,900
Active
Overview
- Time on Site:
- 63 days
- Visits:
- 0
Investment opportunity with strong income potential and versatility. This property features three units including a duplex and a single wide manufactured home situated on over half an acre. The duplex offers two 2 bed, 1 bath units, each approximately 810 sq ft with attached carports and fenced yards, supported by a long term rental history. The manufactured home sits on its own approx. 10,000 sq ft lot, providing flexibility for additional income or future potential. Ideally located in the heart of Madras directly across from the high school, performing arts center and tennis courts, and close to shopping and local amenities, creating consistent rental appeal. Ample space, multiple income streams and potential for expansion make this a compelling option for investors or owner occupants looking to offset costs. Buyer to perform due diligence with the City regarding future opportunities.
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Facts & Features
- Type Multi-Family
- Lot 0.51 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: Buff Elementary
- Middle Or Junior School: Jefferson County Middle
- High School: Madras High
Building Information
- New Construction: false
- Year Built: 1959
Location/Region
- County Or Parish: Jefferson
- Subdivision Name: Palmain
Tax Information
- Tax Annual Amount: 3166.53
- Tax Year: 2025
General Information
- Listing Terms: Cash
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Special Listing Conditions: Standard
Interior
Beds/Baths
- Bathrooms Total: 0
Building Interior
- Building Area Source: Assessor
- Building Area Total: 0.51
General Information
- Appliances: Dryer,Oven,Range,Refrigerator,Washer
- Basement: None
- Common Walls: 1 Common Wall,No Common Walls
- Flooring: Carpet,Laminate,Vinyl
- Foundation Details: Pillar/Post/Pier,Stemwall
- Interior Features: Shower/Tub Combo
- Levels: One
- Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
- Window Features: Aluminum Frames
Exterior
Parking Information
- Parking Features: Asphalt,Attached Carport,Driveway,No Garage
Lot Information
- Additional Parcels: false
- Lot Features: Corner Lot,Fenced,Landscaped
- Lot Size Acres: 0.51
- Lot Size Area: 0.51
- Lot Size Square Feet: 22215.6
- Lot Size Units: Acres
- Road Surface Type: Paved
- Water Source: Public
Waterfront/View
- View: City,Neighborhood
Building Exterior/Construction
- Architectural Style: Ranch
- Attached Garage: false
- Construction Materials: Frame
- Roof: Composition,Metal
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
Neighborhood
Community
97741 (MADRAS) Demographics
40
Median Age
36
Population Density (per sq. mile)
32%
College Educated
$52,400
Estimated Median Income
2,586
Estimated Total Home Owners
1,844
Estimated Total Renters
58% / 42%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.Monthly Cost
Market Data
Based on the last 30 days in this zip code
$464,993
Average List Price
$257
Average Price per Square Foot
19
Properties Sold
114
Average Days on Market
175
Properties for Sale
History
| Date | Value | Agent |
|---|---|---|
| 4/27/2026Source: Oregon Datashare | April 27, 2026 |