Listing provided courtesy of Cascade Hasson SIR- MLS# 220224049
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Madras, OR 97741
Multi-Family · 17,453 Sq. ft. | 0.10 Acres$2,750,000
Active
Overview
- Time on Site:
- 4 days
- Visits:
- 1
Investment Opportunity! Thirteen townhomes in Madras offered together as a portfolio sale. All units are 100% occupied, bringing in $19,115 per month in rent with a consistent rental history. Each property has been professionally maintained and is located near schools, parks, and community amenities. This is an ideal option for investors seeking immediate income and long-term growth potential in Central Oregon. Units may also be purchased in groups of four, allowing flexibility for portfolio diversification or step-in expansion. Detailed rent rolls, leases, and expense information available upon request. A rare chance to secure multiple income-producing assets in one offering.
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Facts & Features
- Type Multi-Family
- Sq. ft. 17,453
- Price/Sq.ft. $158
- Lot 0.10 Acres
Details
General
Association/HOA
- Association Amenities: Other
- Association Fee: 300.0
- Association Fee Frequency: Annually
- Association: true
School Information
- Elementary School: Buff Elementary
- Middle Or Junior School: Jefferson County Middle
- High School: Madras High
Income/Expenses
- Gross Income: 19115.0
Building Information
- New Construction: false
- Year Built: 2007
Location/Region
- County Or Parish: Jefferson
- Subdivision Name: Strawberry Heights
Tax Information
- Tax Annual Amount: 25287.0
- 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: 17453.0
General Information
- Appliances: Oven,Range
- Common Walls: 1 Common Wall
- Flooring: Carpet,Laminate
- Foundation Details: Stemwall
- Levels: One,Two
Exterior
Parking Information
- Parking Features: Attached,Driveway
Lot Information
- Additional Parcels Description: 111312CD11400 111312CD11300 111312CD11000 111312CD10900 111312CD10800 111312CD10700 111312CD12400 111312CD12300 111312CD12200 111312CD12100 111312CD11200 111312CD12600
- Additional Parcels: true
- Lot Features: Level
- Lot Size Acres: 0.1
- Lot Size Area: 0.1
- Lot Size Square Feet: 4356.0
- Lot Size Units: Acres
- Water Source: Public
Building Exterior/Construction
- Architectural Style: Northwest
- Attached Garage: true
- Construction Materials: Frame
- Roof: Composition
General Information
- Number Of Units Total: 13
- 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 |
|---|---|---|
| 6/25/2026Source: Oregon Datashare | June 25, 2026 |