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115 NE A ST Madras, OR $ 1,190,000
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$ 1,190,000 Get more info
115 NE A ST
$ 1,190,000
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Share Save

115 NE A ST

Madras, OR, 97741
$ 1,190,000
Bedrooms2 Baths1.0 Sq 6,125

Monthly Estimate*

$ 8,219

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115 NE A ST, Madras, OR 97741 - Image 13

Multi-Family Home for sale in Madras, OR

for $1,190,000 with 2 bedrooms and 1 full bath. This 6,125 square foot home was built in 1961 on a lot size of 0.46.

This property has been one of the best rental properties in Madras, with few if any vacancies. Great place for a family with lots of room to live & play, close to schools, trails & bowling center. While built in 1961, they have been owned by investors that have taken good care of the property for a long-term investment. New Mini Split for HVAC added recently to all units. Nice grass backyard fully fenced. Adjacent to Sahalee Park, with splash park, playground equipment, pavilion and picnic areas. Within walking distance to shops, restaurants, banks and more.

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Multi-Family Active

Price

$ 1,190,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 8,571

Style

Lot Size

0.46

Year Built

1961

Town/City

Madras

County/Region

Jefferson

MLS | Web ID

306803890
Features
General
Sewer PublicSewer
Heating Baseboard Ductless Other
Cooling MiniSplit WindowUnit
Roof Composition
Zoning C2
Garage Spaces 0
Year Built 1961
Stories Count 2
Tax Year 2025
Parcel Number 9206
Gross Income 115656.0
County Jefferson
Net Operating Income 21811.0
Operating Expense 53189.0
Property Type MultiFamily
HOA N
Subdivision Name Palmain
Rent Includes Sewer TrashCollection
Status Active
Directions From SW 5th Street go right on NE A Street. Pass NE 6th St Apartment building is on the left.
High School Madras
City Madras
Disclosures Disclosure
Number Of Units Total 8
MLS Area _340
Lot Size Square Feet 20037.0
Listing Terms Cash Conventional
Elementary School Madras
Tax Annual Amount 8571.77
Middle/Junior High School Jefferson Co
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description Palmain - Block 3
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Interior
Basement FullBasement
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit Type UnitTypeType1
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Exterior
Parking Features OnStreet Open
Lot Features CornerLot
Water Source PublicWater
Total Parking 10.0
Exterior Description ShingleSiding
Foundation Details Slab StemWall
Building Area Total 6125.0
Lot Size Acres 0.46
Road Surface Type Paved
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Internal Only
Street Number 1 115
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* Excluded Features
List By
Emerald Coast Realty-Seal Rock

Broker

geoff@emeraldcoastrealty.com

Email

Affordability Calculator

$8,933
Per Month
92%
8%
0%
Monthly Principal & Interest
$8,219
Monthly Property Taxes
$714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
9/16/2026$1,190,000 Listed Price

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115 NE A ST, Madras, OR, 97741 is a Multi-Family Home for sale at $1,190,000 with 6,125 sqft and a lot size of 0.46. 115 NE A ST has 2 bedrooms, 1.0 baths, and was built in 1961. The property's zip code is 97741 which is in Madras, OR

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