Address
1535 Sw Highway 97, Madras, OR
Price
$ 1,555,000
Property Attributes
- MLS#220227963
- TypeMulti-Family
- Listing Status Active
- CountyJefferson
- CityMadras
- AreaNot Applicable
- NeighborhoodManathiela
- Zip97741
- StyleTraditional
- Year Built1950
- Taxes$ 14441
- Price$ 1,555,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14408
- Lot Size1.45 Acres
Data Source:
MLS of Central Oregon (MLSCO)
Property Description
Fantastic Central Oregon Investment Property - Fifteen (15) Units, fully leased, professionally managed apartment complex. Don't miss this rare opportunity to purchase rental property in Madras, OR. These properties offer strong rental history & immediate cash flow opportunity. Each unit is 2 bedroom / 1 bath with mini split HVAC, washer/dryer hookups (some units provided). 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 a affordable purchase price.
| Elementary School | Middle School | High School |
|---|---|---|
| Buff Elementary Elementary School | Jefferson County Middle Middle School | Madras High High School |
| Price History | |
|---|---|
| 8/31/2026 | Listed $1,555,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Baseboard,Wall Furnace,Other |
| Cooling | Ductless,Other |
| Roof | Composition |
| Appliances | Dishwasher,Dryer,Oven,Range,Range Hood,Refrigerator,Washer,Water Heater |
| Architectural Style | Traditional |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Block,Frame |
| Year Built | 1950 |
| Levels | One,Two |
| Property Subtype | Multi Family |
| Tax Year | 2025 |
| County | Jefferson |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | Manathiela |
| Status | Active |
| Directions | US HWY 97 in south Madras at the corner us SW Brush Lane, property is on the south side of Brush Lane and along the front of US Hwy 97. |
| High School | Madras High |
| City | Madras |
| Zoning Description | MUE |
| Number Of Units Total | 15 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 63162 |
| Elementary School | Buff Elementary |
| Tax Annual Amount | 14441.87 |
| Middle/Junior High School | Jefferson County Middle |
| Additional Parcels Y/N | false |
| Standard Status | Active |
| Tax Lot | 1 |
| Sewer_co_Public_sp_Sewer | true |
| Utilities_co_Cable_sp_Available | true |
Interior Features
| Interior Amenities | Laminate Counters,Linen Closet,Open Floorplan,Shower/Tub Combo |
|---|---|
| Basement | None |
| Flooring | Carpet,Vinyl |
| Common Walls | 1 Common Wall,2+ Common Walls |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Window Features | Aluminum Frames,Vinyl Frames |
| Heating-Wall Furnace | true |
| Heating-Baseboard | true |
Exterior Features
| Parking Features | Asphalt,Driveway,On Street |
|---|---|
| Lot Features | Corner Lot,Landscaped,Sloped |
| Water Source | Public |
| Lot Size Area | 1.45 |
| Foundation Details | Stemwall |
| Building Area Total | 14408 |
| Lot Size Acres | 1.45 |
| Road Surface Type | Paved |
| Road Frontage Type | Shared Access |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 97741
Price
Taxes
Year Built
The content relating to real estate for sale on this website comes in part from the MLS of Central Oregon. Real estate listings held by Brokerages other than Mariposa Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO).
This content last updated on September 22, 2026 5:06 AM UTC Some properties which appear for sale on this website may subsequently have sold or may
