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1535 SW HIGHWAY 97 Madras, OR $ 1,555,000
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1535 SW HIGHWAY 97
$ 1,555,000
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1535 SW HIGHWAY 97

Madras, OR, 97741
$ 1,555,000
Bedrooms8 Baths4.0 Sq 14,008

Monthly Estimate*

$ 9,818

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Multi-Family Home for sale in Madras, OR

for $1,555,000 with 8 bedrooms and 4 full baths. This 14,008 square foot home was built in 1950 on a lot size of 1.45.

Fantastic Central Oregon Investment Opportunity - Fifteen Unit (15) Fully Leased Apartment Complex. Don't miss this rare chance to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedrooms/1 bath with mini split HVAC, washer/dryer hookups. Walking distance to shopping, restaurants and bus service to Bend/Redmond. Excellent potential for investors looking to expand their portfolio with reliable income producing properties in a mature market at an affordable purchase price.

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Multi-Family Active

Price

$ 1,555,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 14,441

Style

Lot Size

1.45

Year Built

1950

Town/City

Madras

County/Region

Jefferson

MLS | Web ID

173981808
Features
General
Sewer PublicSewer
Heating Baseboard WallFurnace
Cooling MiniSplit
Roof Composition
Zoning MU
Garage Spaces 0
Security Features None
Year Built 1950
Stories Count 2
Tax Year 2025
Parcel Number 1828
Gross Income 161767.0
Community Features AllLandscaping
County Jefferson
Net Operating Income 75158.0
Operating Expense 106609.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions From Hwy 97 take the SW Brush Lane turn property is on the right side. Brush Lane Apartments.
High School Madras
City Madras
Disclosures Disclosure
Number Of Units Total 15
MLS Area _340
Lot Size Square Feet 63162.0
Listing Terms Cash Conventional
Elementary School Madras
Tax Annual Amount 14441.87
Middle/Junior High School Jefferson Co
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description Sub: Manathiela Heights Lot - 1 Block - 4
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Interior
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 2
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 2
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features OnStreet Open
Lot Features PublicRoad StreetCar
Water Source Private
Total Parking 30.0
Exterior Description CulturedStone
Foundation Details Other
Building Area Total 14008.0
Lot Size Acres 1.45
Road Surface Type Paved
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Internal Only
Street Number 1 1535
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* Excluded Features
List By
Emerald Coast Realty-Seal Rock

Broker

geoff@emeraldcoastrealty.com

Email

Affordability Calculator

$11,022
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,818
Monthly Property Taxes
$1,203
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1950524 Elementary School
1950746 Middle School
Madras High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/3/2026$1,555,000 Listed Price

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1535 SW HIGHWAY 97, Madras, OR, 97741 is a Multi-Family Home for sale at $1,555,000 with 14,008 sqft and a lot size of 1.45. 1535 SW HIGHWAY 97 has 8 bedrooms, 4.0 baths, and was built in 1950. The property's zip code is 97741 which is in Madras, OR

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