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1535 Us-97, Madras, OR 97741

Madras
Local realty services provided by:CENTURY 21 Shorepine Properties
1535 Us-97,Madras, OR 97741
$1,555,000
  • 30 Beds
  • 15 Baths
  • 14,008 sq. ft.
  • Multi-family
  • Active
Listed by: geoffrey michael groener
Office: emerald coast realty - depoe bay
MLS#:26-2338
Source:OR_LCBR

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
  • Subdivision & Development:N/A
  • Listing ID #:26-2338
  • Added:60 day(s) ago
  • Updated:October 24, 2026 at 03:03 PM

Rooms and interior

  • Bedrooms:30
  • Total bathrooms:15
  • Full bathrooms:15
  • Flooring:Carpet, Laminate, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Electric Cooktop, Electric Range, Refrigerator
  • Living area:14,008 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Baseboard, Wall Furnace

Structure and exterior

  • Year built:1950
  • Building area:14,008 sq. ft.
  • Lot area:1.45 Acres
  • Architectural Style:Traditional
  • Construction Materials:Block, Frame

Utilities

  • Water:Private
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Appliances:Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Refrigerator

Parking

  • Total parking spaces:30
  • Parking description:Off Street

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