Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of eXp Realty, LLC- MLS# 220215771MLS ProviderContact Information: 503-915-8271

433 SE 9th StreetMadras, OR 97741

Multi-Family · 1,863 Sq. ft. | 0.16 Acres
$304,000 Active

433 SE 9th Street Overview

Time on Site:
128 days
Visits:
1

Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3 year old solar system, keeping utility costs extremely low. Current monthly rental income is $2,700, making this a strong cash-flow opportunity. Each unit includes its own private storage area. Both homes are in good condition with updated flooring and fixtures throughout. Tenants are long-term, reliable renters. Fridges, ranges, washers & dryers included. Buyer may assume solar lease of $38,000 at 0.5%. If Buyer assumes lease, purchase price reduced accordingly. No showings without an accepted offer. Seller is licensed Oregon, Real Estate Agent.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

433 SE 9th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,863
  • Price/Sq.ft. $163
  • Lot 0.16 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Buff Elementary
  • Middle Or Junior School: Jefferson County Middle
  • High School: Madras High

Income/Expenses

  • Gross Income: 34320.0
  • Net Operating Income: 27888.0

Building Information

  • New Construction: false
  • Year Built: 1946

Location/Region

  • County Or Parish: Jefferson
  • Subdivision Name: Madras

Tax Information

  • Tax Annual Amount: 2255.67
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 10155
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Special Listing Conditions: Standard

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 1863.0

General Information

  • Appliances: Dryer,Range,Refrigerator,Washer,Water Heater
  • Basement: Partial
  • Common Walls: No Common Walls
  • Flooring: Carpet,Vinyl
  • Foundation Details: Concrete Perimeter,Slab,Stemwall
  • Interior Features: Dual Flush Toilet(s),Fiberglass Stall Shower,Laminate Counters,Pantry,Shower/Tub Combo,Solid Surface Counters,Walk-In Closet(s)
  • Levels: One,Two
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Driveway

Lot Information

  • Additional Parcels: false
  • Lot Features: Fenced,Garden,Landscaped,Sloped,Xeriscape Landscape
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Square Feet: 6969.6
  • Lot Size Units: Acres
  • Road Surface Type: Paved
  • Water Source: Water Meter

Waterfront/View

  • View: Territorial

Building Exterior/Construction

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

General Information

  • Exterior Features: Courtyard,Fire Pit
  • Number Of Units Total: 2
  • Other Structures: Shed(s),Storage
  • Road Frontage Type: Shared Access
  • Sewer: Public Sewer

433 SE 9th 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.

433 SE 9th Street Monthly Cost

$
$ %
%
$
$
* 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.

433 SE 9th Street Market Data

Based on the last 30 days in this zip code

$465,158
Average List Price
$258
Average Price per Square Foot
18
Properties Sold
112
Average Days on Market
176
Properties for Sale
Calculations provided by Reliance Network

433 SE 9th Street History

Date Event Value Agent
5/26/2026Source: Oregon Datashare Price Reduction
$304,000 -3.5%
3/15/2026Source: Oregon Datashare Price Reduction
$315,000 -7.1%
2/27/2026Source: Oregon Datashare Status Change
Active
2/25/2026Source: Oregon Datashare Status Change
Pending
2/21/2026Source: Oregon Datashare Added to Database
February 21, 2026