575 SW Madison Street, Madras, OR 97741

Madras
Local realty services provided by:Duke Warner Realty ERA Powered
575 SW Madison Street,Madras, OR 97741
$300,000
Virtual Tour
  • 8 Beds
  • 3 Baths
  • 3,632 sq. ft.
  • Single family
  • Active
Listed by: dustin hewitt, katie sue gernert
Office: windermere realty trust
MLS#:220223781
Source:OR_SOMLS

Price summary

  • Price:$300,000
  • Price per sq. ft.:$82.6

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1948
  • Subdivision & Development:Railroad
  • Listing ID #:220223781
  • Added:145 day(s) ago
  • Updated:November 12, 2026 at 05:00 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:$300,000
  • Price per sq. ft.:$82.6
  • Tax amount:$2,544 (2026)

Features and amenities

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

Parking

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

New listings near 575 SW Madison Street