1535 SW HIGHWAY 97, Madras, OR 97741

$1,555,000
14,008
SqFt
Add to Favorites Request Information Schedule Showing New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

View on Map Request Info Add to Favorites Schedule Showing
List Price
$1,555,000
Days on Market
7
MLS#
173981808
Property Type
Multifamily
Sqft. of Residence
14,008
Lot Size
1 to 2.99 Acres
Region
Jefferson County
Status
ACTIVE
Contact Us Call Us View on Map New Search

503-935-2560

Property Description

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.

503-935-2560
Contact Us
Schedule Showing
Search All Properties

Additional Information

Tax Amount
$14,441
Year Built
1950
High School
Madras
Elementary School
Madras
Middle School
Jefferson Co
Acres
1.45
Living Area
14,008
Stories
2
Terms
Cash, Conventional
Cooling Description
Mini Split
Heating Description
Baseboard, Wall Furnace
Hoa Rent Includes
Maintenance Grounds, Sewer, Trash Collection, Water
Hot Water Description
Electricity
Exterior Description
Cultured Stone
Roof Type
Composition
Sewer Description
Public Sewer
View
Territorial
Parking
On Street, Open
Security Or Entry
None
Parking Description
On Street, Open
Road Surface
Paved
Number Of Units Total
15
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
950
Unit Type One Sq Ft
900
Unit Type One Units Total
2
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
7
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
950
Unit Type Three Sq Ft
950
Unit Type Three Units Total
3
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1250
Unit Type Four Sq Ft
961
Unit Type Four Units Total
3
Request Info Schedule Showing Add to Favorites
Add to Favorites Request Information Schedule Showing New Search

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Emerald Coast Realty-Seal Rock.

The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.