316 SW 1st Street, Madras, OR 97741

Madras
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
316 SW 1st Street,Madras, OR 97741
$500,000
  • - Beds
  • - Baths
  • 3,160 sq. ft.
  • Multi-family
  • Active
Listed by: richard allen
Office: willow canyon group
MLS#:220229648
Source:OR_SOMLS

Price summary

  • Price:$500,000
  • Price per sq. ft.:$158.23

About this home

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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Home facts

  • Year built:1979
  • Subdivision & Development:Railroad
  • Listing ID #:220229648
  • Added:15 day(s) ago
  • Updated:October 22, 2026 at 02:41 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Kitchen Description:Oven, Range, Refrigerator
  • Living area:3,160 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Roof:Metal
  • Year built:1979
  • Building area:3,160 sq. ft.
  • Lot area:0.34 Acres
  • Architectural Style:Traditional
  • Construction Materials:Block, Brick, Frame
  • Foundation Description:Slab
  • Levels:1 Story, 2 Story

Schools

  • High school:Madras High
  • Middle school:Jefferson County Middle
  • Elementary school:Buff Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$158.23
  • Tax amount:$2,078 (2025)

Features and amenities

  • Appliances:Oven, Range, Refrigerator

Parking

  • Parking description:On Street

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