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316 SW 1ST ST Madras, OR $ 500,000
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$ 500,000 Get more info
316 SW 1ST ST
$ 500,000
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316 SW 1ST ST

Madras, OR, 97741
$ 500,000
Bedrooms6 Baths4.0 Sq 3,160

Monthly Estimate*

$ 3,453

316 SW 1ST ST, Madras, OR 97741 - Image 1
316 SW 1ST ST, Madras, OR 97741 - Image 2
316 SW 1ST ST, Madras, OR 97741 - Image 3
316 SW 1ST ST, Madras, OR 97741 - Image 4
316 SW 1ST ST, Madras, OR 97741 - Image 5
316 SW 1ST ST, Madras, OR 97741 - Image 6
316 SW 1ST ST, Madras, OR 97741 - Image 7

Multi-Family Home for sale in Madras, OR

for $500,000 with 6 bedrooms and 4 full baths. This 3,160 square foot home was built in 1944 on a lot size of 0.34.

Great rental investment property in Madras. There are 2 buildings, one built in 1944 a triplex with 1- two-bedroom unit & 2- one-bedroom units. The single unit built in 1977 is one 2-bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio.

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Multi-Family Active

Price

$ 500,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,078

Style

Lot Size

0.34

Year Built

1944

Town/City

Madras

County/Region

Jefferson

MLS | Web ID

335689298
Features
General
Sewer PublicSewer
Heating Ductless Other
Cooling MiniSplit Other
Roof Metal
Zoning C-1
Garage Spaces 0
Security Features None
Year Built 1944
Stories Count 2
Tax Year 2025
Parcel Number 9493
Gross Income 36430.0
County Jefferson
Net Operating Income 20712.0
Operating Expense 24151.0
Property Type MultiFamily
HOA N
Rent Includes MaintenanceGrounds Sewer TrashCollection Water
Status Active
Directions From SW Culver Hwy take the SW Madison St exit. Left on F St left on SW 1st. Property on left.
High School Madras
City Madras
Disclosures Disclosure
Number Of Units Total 1260
MLS Area _340
Lot Size Square Feet 14810.0
Listing Terms Cash Conventional
Elementary School Madras
Tax Annual Amount 2078.18
Middle/Junior High School Jefferson Co
Property Condition Existing
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description Pin: Latitude=44.6315631 Longitude=-121.1343887
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Interior
Basement None
Storage None
Hot Water Electricity
Unit 1 Baths Total 1
Unit 1 Beds Total 2
Unit 2 Baths Total 1
Unit 2 Beds Total 1
Unit 3 Baths Total 1
Unit 3 Beds Total 2
Unit 4 Baths Total 1
Unit 4 Beds Total 1
Unit Type UnitTypeType1 UnitTypeType2 UnitTypeType3 UnitTypeType4
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Exterior
Parking Features OnStreet
Water Source PublicWater
Exterior Description WoodSiding
Foundation Details Slab
Building Area Total 3160.0
Lot Size Acres 0.34
Road Surface Type Paved
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Internal Only
Street Number 1 316
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* Excluded Features
List By
Emerald Coast Realty-Seal Rock

Broker

geoff@emeraldcoastrealty.com

Email

Affordability Calculator

$3,627
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,453
Monthly Property Taxes
$173
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
10/16/2026$500,000 Listed Price

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316 SW 1ST ST, Madras, OR, 97741 is a Multi-Family Home for sale at $500,000 with 3,160 sqft and a lot size of 0.34. 316 SW 1ST ST has 6 bedrooms, 4.0 baths, and was built in 1944. The property's zip code is 97741 which is in Madras, OR

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