433 SE 9th Street, Madras, OR 97741

Madras
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
433 SE 9th Street,Madras, OR 97741
$304,000
  • - Beds
  • - Baths
  • 1,863 sq. ft.
  • Multi-family
  • Active
Listed by: e lamar yoder
Office: exp realty, llc.
MLS#:220215771
Source:OR_SOMLS

Price summary

  • Price:$304,000
  • Price per sq. ft.:$163.18

About this home

Excellent Investment Opportunity - 433 & 435 SE 9th St Madras. Two Homes on One Property! This income-producing property features two separate homes on one lot (not a duplex). The larger residence offers 1,376 sq. ft. with 2 bedrooms and 1 bathroom, while the smaller home includes 487 sq. ft. with 1 bedroom and 1 bathroom. Both homes have updated electrical, HVAC, Roof, and plumbing systems and 3 year old solar system, keeping utility costs extremely low. Current monthly rental income is $2,700, making this a strong cash-flow opportunity. Each unit includes its own private storage area. Both homes are in good condition with updated flooring and fixtures throughout. Tenants are long-term, reliable renters. Fridges, ranges, washers & dryers included. Buyer may assume solar lease of $38,000 at 0.5%. If Buyer assumes lease, purchase price reduced accordingly. No showings without an accepted offer. Seller is licensed Oregon, Real Estate Agent.

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Home facts

  • Year built:1946
  • Subdivision & Development:Madras
  • Listing ID #:220215771
  • Added:165 day(s) ago
  • Updated:August 06, 2026 at 02:47 PM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Bathrooms Description:Dual Flush Toilet(s), Fiberglass Stall Shower, Shower/Tub Combo
  • Kitchen Description:Range, Refrigerator
  • Basement Description:Partial
  • Living area:1,863 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump, Wall/Window Unit(s)
  • Heating:Electric, Heat Pump, Wall Furnace, Zoned
  • Central air:Yes

Structure and exterior

  • Roof:Composition, Metal
  • Year built:1946
  • Building area:1,863 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Fenced, Garden, Landscaped, Sloped, Xeriscape Landscape
  • Architectural Style:Ranch, Traditional
  • Construction Materials:Block, Frame
  • Exterior Features:Courtyard, Fire Pit
  • Foundation Description:Concrete Perimeter, Slab, Stemwall
  • Levels:1 Story, 2 Story

Schools

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

Utilities

  • Water:Water Meter
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$304,000
  • Price per sq. ft.:$163.18
  • Tax amount:$2,256 (2025)

Features and amenities

  • Appliances:Range, Refrigerator, Washer, Water Heater

Parking

  • Parking description:Driveway

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