Views
Address
Not Disclosed, Madras, OR
Price
$ 439,900
Property Attributes
- MLS#220220195
- TypeMulti-Family
- Listing Status Active
- CountyJefferson
- CityMadras
- AreaNot Applicable
- NeighborhoodPalmain
- Zip97741
- StyleRanch
- Year Built1959
- Taxes$ 3166
- Price$ 439,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.51 Acres
Data Source:
MLS of Central Oregon (MLSCO)
Property Description
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Buff Elementary Elementary School | Jefferson County Middle Middle School | Madras High High School |
| Price History | |
|---|---|
| 4/28/2026 | Listed $439,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Electric,Zoned |
| Cooling | None |
| Roof | Composition,Metal |
| Appliances | Dryer,Oven,Range,Refrigerator,Washer |
| Architectural Style | Ranch |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Frame |
| Year Built | 1959 |
| View | City,Neighborhood |
| Levels | One |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| County | Jefferson |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Palmain |
| Status | Active |
| High School | Madras High |
| City | Madras |
| Zoning Description | R1 |
| Number Of Units Total | 3 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 22215.6 |
| Elementary School | Buff Elementary |
| Tax Annual Amount | 3166.53 |
| Middle/Junior High School | Jefferson County Middle |
| Additional Parcels Y/N | false |
| Structure Type | House,Manufactured House |
| Standard Status | Active |
| Sewer_co_Public_sp_Sewer | true |
Interior Features
| Interior Amenities | Shower/Tub Combo |
|---|---|
| Basement | None |
| Flooring | Carpet,Laminate,Vinyl |
| Common Walls | 1 Common Wall,No Common Walls |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Window Features | Aluminum Frames |
Exterior Features
| Parking Features | Asphalt,Attached Carport,Driveway,No Garage |
|---|---|
| Lot Features | Corner Lot,Fenced,Landscaped |
| Water Source | Public |
| Lot Size Area | 0.51 |
| Foundation Details | Pillar/Post/Pier,Stemwall |
| Building Area Total | 0.51 |
| Lot Size Acres | 0.51 |
| Road Surface Type | Paved |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 97741
Price
Taxes
Year Built
In The Neighborhood
Waterfront
Madras
$ 1,190,000
- Type
- Multi-Family
- Size
- 7,008 SqFt
- Rooms
- 0 Beds + 0 Baths
Willow Canyon Group
