316 SW 1st, Madras, OR 97741

Madras
Local realty services provided by:Knipe Realty ERA Powered
316 SW 1st,Madras, OR 97741
$500,000
  • 6 Beds
  • 4 Baths
  • 3,250 sq. ft.
  • Multi-family
  • Active
Listed by: geoffrey michael groener
Office: emerald coast realty - depoe bay
MLS#:26-2737
Source:OR_LCBR

Price summary

  • Price:$500,000
  • Price per sq. ft.:$153.85

About this home

Great rental investment property in Madras. There are 2 buildings, one built in 1944, a triplex with 1-two bedroom unit & 2-one bedroom units. The single unit is 1 - two bedroom unit. The vacancy rate is very low, demand is high. Fantastic opportunity to get in the investment property market and/or add to a portfolio. Seller prefers OREF forms. Showing of units requires an accepted offer. Walking the property and rent roll information available through listing agent.

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Home facts

  • Year built:1979
  • Subdivision & Development:N/A
  • Listing ID #:26-2737
  • Added:11 day(s) ago
  • Updated:October 27, 2026 at 05:01 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Carpet, Laminate, Tile
  • Kitchen Description:Electric Cooktop, Refrigerator
  • Basement Description:Slab
  • Living area:3,250 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Year built:1979
  • Building area:3,250 sq. ft.
  • Lot area:0.34 Acres
  • Architectural Style:Traditional
  • Construction Materials:Block, Brick, Frame
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$153.85
  • Tax amount:$2,078 (2025)

Features and amenities

  • Appliances:Electric Cooktop, Electric Oven, Refrigerator

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