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Listing provided courtesy of Windermere Realty Trust- MLS# 220223781MLS Provider

575 SW Madison StreetMadras, OR 97741

Single Family · 8 Beds · 3 Full Baths · 3,632 Sq. ft. | 0.26 Acres
$325,000 Active

575 SW Madison Street Overview

Time on Site:
10 days
Visits:
0

R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion. The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed. With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.

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575 SW Madison Street Facts & Features

  • Type Single Family
  • Sq. ft. 3,632
  • Price/Sq.ft. $89
  • Lot 0.26 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: 1948

Location/Region

  • County Or Parish: Jefferson
  • Subdivision Name: Railroad

Tax Information

  • Tax Annual Amount: 2505.68
  • Tax Year: 2025

General Information

  • Exclusions: Sellers personal property
  • Listing Terms: Cash,Conventional
  • Parcel Number: 9649
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 8

Building Interior

  • Building Area Total: 3632.0

General Information

  • Appliances: Dryer,Oven,Range,Range Hood,Washer,Water Heater
  • Basement: None
  • Common Walls: 2+ Common Walls
  • Flooring: Concrete,Laminate,Vinyl
  • Foundation Details: Slab,Stemwall
  • Interior Features: Breakfast Bar,Fiberglass Stall Shower
  • Levels: Two
  • Living Area: 3632.0
  • Living Area Source: Assessor
  • Window Features: Aluminum Frames,Double Pane Windows,Vinyl Frames

Exterior

Parking Information

  • Parking Features: Alley Access,Concrete,Driveway,On Street,RV Access/Parking

Lot Information

  • Additional Parcels: false
  • Lot Features: Level
  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Square Feet: 11325.6
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Public

Waterfront/View

  • View: Neighborhood

Building Exterior/Construction

  • Architectural Style: Ranch
  • Attached Garage: false
  • Construction Materials: Block,Frame
  • Roof: Composition

General Information

  • Sewer: Public Sewer

575 SW Madison Street 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
Community data courtesy of LiveBy, Inc.

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.

575 SW Madison Street Monthly Cost

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$
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

575 SW Madison Street 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
Calculations provided by Reliance Network

575 SW Madison Street History

Date Event Value Agent
6/19/2026Source: Oregon Datashare Added to Database
June 19, 2026