1535 SW Highway 97, Madras, OR 97741

Madras
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
1535 SW Highway 97,Madras, OR 97741
$1,555,000
  • - Beds
  • - Baths
  • 14,008 sq. ft.
  • Multi-family
  • Active
Listed by: geoff groener
Office: emerald coast realty-seal rock541-283-3589
MLS#:173981808
Source:PORTLAND

Price summary

  • Price:$1,555,000
  • Price per sq. ft.:$111.01

About this home

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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Home facts

  • Year built:1950
  • Listing ID #:173981808
  • Added:49 day(s) ago
  • Updated:October 22, 2026 at 12:02 PM

Rooms and interior

  • Living area:14,008 sq. ft.

Heating and cooling

  • Heating:Baseboard, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:14,008 sq. ft.
  • Lot area:1.45 Acres
  • Lot Features:Public Road
  • Levels:2 Stories

Schools

  • High school:Madras
  • Middle school:Jefferson Co
  • Elementary school:Madras

Utilities

  • Water:Private
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,555,000
  • Price per sq. ft.:$111.01
  • Tax amount:$14,442 (2025)

Parking

  • Total parking spaces:30
  • Parking description:On street, Open
MLS LogoAll information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Better Homes and Gardens Real Estate Equinox are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2026 RMLS, Portland, Oregon. Last updated: October 22, 2026

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