575 SW Madison Street, Madras, OR 97741

Madras
Local realty services provided by:Better Homes and Gardens Real Estate Equinox
575 SW Madison Street,Madras, OR 97741
$325,000
Virtual Tour
  • 8 Beds
  • 3 Baths
  • 3,632 sq. ft.
  • Single family
  • Active
Listed by: dustin hewitt
Office: windermere realty trust
MLS#:220223781
Source:OR_SOMLS

Price summary

  • Price:$325,000
  • Price per sq. ft.:$89.48

About this home

R-2 Multifamily zoning offers a unique investment and value-add opportunity in the heart of Madras. This property features one completed and livable unit, while the additional units are ready for the next owner to finish and customize. The unfinished units includes a completed exterior along with rough framing, rough electrical, and rough HVAC already in place, providing a significant head start toward completion. The county has this listed as an 8 bedroom, 3 bath. Currently 1 unit is complete featuring 2 bedrooms and 1 bath. 8 bed potential once project is completed. With much of the groundwork already completed, this is a rare opportunity to finish this multifamily unit to your specifications and capitalize on the growing demand for housing in Central Oregon. Buyer to perform all due diligence regarding permits, approvals, zoning, and requirements for completion of the unfinished portion.

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Home facts

  • Year built:1948
  • Listing ID #:220223781
  • Added:9 day(s) ago
  • Updated:June 29, 2026 at 02:30 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Concrete, Laminate, Vinyl
  • Bathrooms Description:Fiberglass Stall Shower
  • Kitchen Description:Oven, Range, Range Hood
  • Living area:3,632 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Composition
  • Year built:1948
  • Building area:3,632 sq. ft.
  • Lot area:0.26 Acres
  • Lot Features:Level
  • Architectural Style:Ranch
  • Construction Materials:Block, Frame
  • Foundation Description:Slab, Stemwall
  • Levels: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:$325,000
  • Price per sq. ft.:$89.48
  • Tax amount:$2,506 (2025)

Features and amenities

  • Appliances:Oven, Range, Range Hood, Washer, Water Heater

Parking

  • Parking description:Alley Access, Concrete, Driveway, On Street, RV Access/Parking

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